OGDEN, Utah, June 6, 2012 (GLOBE NEWSWIRE) -- TAB Bank provided $23.7 million in credit facilities for several businesses during the month of May. These facilities were provided for companies across a broad spectrum of industries.
The new transactions are categorized as the following:
- Five A/R lines of credit totaling $7.5 million
- One Re-discount line of credit for $5 million
- Seven Equipment Leases for $7.4 million
- 30 Equipment Loans totaling $3.8 million
TAB Bank (@TABBank) has assets in excess of $900 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, equipment loans, business accounts, and commercial banking services. TAB Bank provides working capital solutions to small- and medium-sized commercial businesses across a wide range of industries. TAB provides these solutions in all stages of a company's business life cycle no matter the economic climate.
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