Debits and credits

Manufacturing Company in New York Chooses TAB Bank for a $1.8 Million Revolving Credit Facility

Retrieved on: 
Wednesday, January 6, 2021
Money, Finance, Economy, Credit, Corporate finance, Working capital management, Factoring, Fundamental analysis, Accounts receivable, Debits and credits, Revolving credit, Line of credit

OGDEN, Utah, Jan. 06, 2021 (GLOBE NEWSWIRE) -- A manufacturing company in New York has chosen TAB Bank for a $1.8 million asset-based revolving credit facility.

Key Points: 
  • OGDEN, Utah, Jan. 06, 2021 (GLOBE NEWSWIRE) -- A manufacturing company in New York has chosen TAB Bank for a $1.8 million asset-based revolving credit facility.
  • The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.
  • The company is a manufacturer of woven textile and plastic parts for the automotive, aerospace, office equipment, transportation, and heavy industrial 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.

Corporate Spending to Power Commercial Prepaid Growth 2021-2024

Retrieved on: 
Monday, January 4, 2021
Financial services, Prepayment, Economy, Credit card, Money, Prepaid card, Stored-value card, Debits and credits, Prepaid mobile phone

Not least important of these segments is commercial prepaid cards.

Key Points: 
  • Not least important of these segments is commercial prepaid cards.
  • A new research report from Mercator Advisory Group, Commercial Prepaid North America Open Loop Market Review and Forecast, 20192024 sizes up the U.S. and Canadian prepaid share and growth, taking into account the effect of the pandemic.
  • The full pandemic impact to commercial e-payments in 2020 is not yet known, but Mercator has previously forecast commercial credit card spend to decline by about 22% year-on-year from 2019 given the massive reduction in travel-related expense.
  • Commercial prepaid, however, will continue to hold its own, accounting for nearly one-fifth of total commercial card spend.

Pennexx Has Completed All Necessary Approvals and Agreements to Release its Mastercard™ Your Social Offers Prepaid Debit Card

Retrieved on: 
Monday, January 4, 2021
Financial services, Money, Economy, Debits and credits, Debit cards, Credit cards, Payment systems, Transcash, Maestro

Pennexx is currently completing the integration between its https://YourSocialOffers.com dashboard and Vista Moneys server so that they can begin sending out these debit cards.

Key Points: 
  • Pennexx is currently completing the integration between its https://YourSocialOffers.com dashboard and Vista Moneys server so that they can begin sending out these debit cards.
  • These prepaid debit cards represent an exciting time for Pennexx as income generated by influencers could be directly deposited on the prepaid debit card, making it possible for influencers to monetize their influence.
  • Rewards can also be deposited on the card so that offers can contain a cash component.
  • Vincent Risalvato, CEO of Pennexx, says, We believe that we can create an innovative offering for our Your Social Offers members.

TAB Bank Provides $4 Million Senior Credit Facility to The Good Bean

Retrieved on: 
Wednesday, December 30, 2020
Finance, Money, Economy, Credit, Corporate finance, Working capital management, Personal finance, Revolving credit, Line of credit, Accounts receivable, Factoring, Debits and credits

OGDEN, Utah, Dec. 30, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has entered into a multi-year agreement with The Good Bean to provide a $4 million revolving credit facility.

Key Points: 
  • OGDEN, Utah, Dec. 30, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has entered into a multi-year agreement with The Good Bean to provide a $4 million revolving credit facility.
  • TAB is excited to partner with The Good Bean to support their mission to bring healthy and nutritious bean and plant-based snack products to the masses.
  • 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.

First Horizon Announces Results of its 2020 Company-Run Stress Test

Retrieved on: 
Monday, December 28, 2020
Finance, Financial services, Money, Dividend, Shareholders, Paycheck Protection Program, Debits and credits, Soil horizon, CCAR, UBS

These results include a $0.15 quarterly common stock dividend throughout the nine quarter forecast horizon.

Key Points: 
  • These results include a $0.15 quarterly common stock dividend throughout the nine quarter forecast horizon.
  • Additionally First Horizons commercially-oriented portfolio stressed loss rate of 2.8% outperformed the median CCAR bank result of 6.9%.
  • The Companys stress test utilized Current Expected Credit Loss-based models for allowance and credit losses and reflected total cumulative losses of $1.5 billion, excluding Paycheck Protection Program loans.
  • Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates nearly 500 bank locations in 12 states across the Southeast.

United States Annual Open Loop Prepaid Cards Market Report 2020

Retrieved on: 
Tuesday, December 22, 2020
Financial services, Economy, Business, Radio-frequency identification, Stored-value card, Debit card, Debits and credits, Prepaid card

DUBLIN, Dec. 22, 2020 /PRNewswire/ -- The "17th Annual U.S. Open Loop Prepaid Cards Market Forecast 2020-2024, Part One" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 22, 2020 /PRNewswire/ -- The "17th Annual U.S. Open Loop Prepaid Cards Market Forecast 2020-2024, Part One" report has been added to ResearchAndMarkets.com's offering.
  • Nonetheless, for the 17th year, the report has attempted to balance all the forces affecting the prepaid market to produce a picture of the prepaid industry's future.
  • This report provides a five-year forecast (to 2024) as well as market estimate of the dollars loaded on open loop prepaid debit card programs in the U.S. market in 2019.
  • The publisher forecasts that growth in the open loop prepaid loads in the United States will be 4.1% through 2024, reaching a total of $466.2 billion.

Cambridge-Lee Holdings Consolidated Results of Operations for Q2 2020

Retrieved on: 
Friday, December 18, 2020
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Accounting, Economy, Business, Liability, Corporate taxation, Deferral, Accrual, Asset, Management accounting, Debits and credits, Matching principle

(Increase) decrease in prepaid expenses, deposits and other assets

Key Points: 

(Increase) decrease in prepaid expenses, deposits and other assets
Increase (decrease) in accnts payable, accrued expenses & amounts due to affiliates

TAB Bank Provides Transportation Company in Michigan with a $1 Million Asset-Based Credit Facility and $1.1 Million in Equipment Financing

Retrieved on: 
Tuesday, December 8, 2020
Finance, Money, Economy, Credit, Corporate finance, Accounts receivable, Working capital management, Personal finance, Revolving credit, Factoring, Line of credit, Debits and credits

OGDEN, Utah, Dec. 08, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $1 million asset-based credit facility for a transportation company located in Michigan.

Key Points: 
  • OGDEN, Utah, Dec. 08, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $1 million asset-based credit facility for a transportation company located in Michigan.
  • In addition to the revolving credit facility, TAB Bank also provided the company with $1.1 million in equipment financing.
  • The company provides intermodal, truckload, and cross border deliveries across Michigan, Illinois, Ohio, Indiana, Wisconsin, and Ontario, Canada.
  • 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 Bank Provides Cable Manufacturing Company in Missouri with a $2.5 Million Asset-Based Credit Facility

Retrieved on: 
Thursday, December 3, 2020
Finance, Money, Economy, Corporate finance, Accounts receivable, Working capital management, Factoring, Fundamental analysis, Working capital, Debits and credits, Bank, Line of credit

OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.

Key Points: 
  • OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.
  • The company is one of the premier manufacturers of data and communicationcables in the United States.
  • 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.

TAB Bank Provides Additional $4 Million Credit Facility to Support Related Canadian Entity of an Existing Client

Retrieved on: 
Monday, November 16, 2020
Economy, Finance, Accounting, Corporate finance, Working capital management, Factoring, Fundamental analysis, Revolving credit, Bank, Debits and credits, Working capital, Accounts receivable

OGDEN, Utah, Nov. 16, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided an additional $4 million revolving credit facility to support related Canadian entity of an existing client.

Key Points: 
  • OGDEN, Utah, Nov. 16, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided an additional $4 million revolving credit facility to support related Canadian entity of an existing client.
  • This entity of TABs existing client is a key provider of aftermarket support solutions for the global aerospace and defense industries including the maintenance, repair, and overhaul of engines, components, and related accessories.
  • 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.