TAB Bank Closes $103 Million in Credit Facilities with Nearly 400 Companies in Q2 2024
TAB Bank Closes $103 Million in Credit Facilities with Nearly 400 Companies in Q2 2024
OGDEN, Utah, July 25, 2024 (GLOBE NEWSWIRE) — TAB Bank, a trusted financial ally for businesses of all sizes, has successfully closed $103 million in credit facilities with nearly 400 companies during the second quarter of 2024. The financing provided by TAB Bank included loans for working capital, equipment, commercial real estate, small business lines of credit, and accounts receivable funding.
The companies funded by TAB Bank in Q2 2024 span a wide range of sectors, including manufacturing, commercial real estate, construction, transportation, and dental supplies. This demonstrates TAB Bank’s commitment to supporting businesses across various industries to enhance growth and profitability nationwide.
Some of the highlights of the largest deals closed by TAB Bank in Q2 2024 include a $20 million loan to a California-based company specializing in high-quality finished and fabricated aluminum extruded products, a $10 million loan to a Florida company offering self-storage options, and a $7 million loan to a family-owned transportation and brokerage firm located in the Southeast.
In addition to these large deals, TAB Bank also provided term loans and lines of credit ranging from $40,000 to $800,000 to small and midsize businesses, particularly transportation companies, to fund growth and create consistent cash flow.
TAB Bank’s tailored business line of credit solutions cater to small and midsize enterprises looking to drive growth. With flexible terms designed to fit each company’s unique needs, TAB Bank supports businesses with stellar credit as well as those requiring alternative assessments. The bank considers various factors, such as income and operational history, to determine creditworthiness.
Overall, TAB Bank offers a range of financial solutions including accounts receivable financing, asset-based lending, equipment financing, term loans, lines of credit, factoring, and commercial real estate loans. Their team of specialists are experts in matching the right financing instrument with the company’s growth stage and specific industry.
For more information on TAB Bank’s capital financing and credit solutions, visit TABBank.com.
About TAB Bank:
At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. With over 25 years of experience, we are committed to making financial success accessible to everyone through our innovative banking products. For more information about how TAB Bank can help you achieve your financial dreams, visit www.TABBank.com.
Contact Information:
Trevor Morris
Director of Marketing
801-624-5172
trevor.morris@tabbank.com
(Image: TAB Bank logo)
