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TAB Bank Provides $2MM Credit Faclity to Transportation Company

July 21, 2016, 07:31 AM
Filed Under: Transportation
Related: Asset Based, TaB Bank

A transportation company in New York has chosen TAB Bank for a $2 million revolving credit facility. The new facility will pay off the company’s previous lender and will support the company’s ongoing working capital needs.

The company is a freight brokerage that specializes in food and refrigerated services. They have built relationships with customers that range from local farmers to Fortune 500 companies.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including asset-based revolving loans, accounts receivable financing, lines of credit, and equipment finance. TAB’s lending options can also be combined with a full suite of business banking solutions and treasury management aervices.

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