TAB Bank Provides Transportation Company in Minnesota with a $9 Million Revolving Credit Facility

OGDEN, Utah, Feb. 25, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $9 million revolving credit facility for a transportation company based in Minnesota.

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GlobeNewswire, Inc.GlobeNewswire, Inc.
Retrieved on: 
Tuesday, February 25, 2020
Information
Tags: 
Economy, Finance, Money, Working capital management, Credit, Corporate finance, Banking, Accounts receivable, Revolving credit, Working capital, Factoring, Bank
Geotags: 
Ogden, UT, Us
Organisation: 
TAB BANK
Summary
Key Points: 
  • OGDEN, Utah, Feb. 25, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $9 million revolving credit facility for a transportation company based in Minnesota.
  • The new facility is extended through a multi-year agreement and will provide for the companys ongoing working capital needs.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • 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.


OGDEN, Utah, Feb. 25, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $9 million revolving credit facility for a transportation company based in Minnesota. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company specializes in logging and heavy haul transportation.

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 Services.

Tim Green is TAB Bank’s Vice President and Business Development Officer based in St. Louis. Tim is an industry veteran in developing relationships with transportation companies and helping them secure financing to successfully grow and manage their businesses. He can be reached at 573-846-6652 or at [email protected].

Contact Information:

Trevor Morris
Director of Marketing
801-624-5172
[email protected]
Twitter - @TABBank
Facebook – facebook.com/TABbank

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