OGDEN, Utah, April 14, 2017 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it provided $29.1 million in trucking equipment loans for 336 transportation companies during the 1st quarter of 2017. Based in different regions of the country, these companies represent a broad spectrum of trucking entities ranging from one-truck owner operators to small and large fleets.
“We are off to a great start in 2017 as we were able to help several trucking companies obtain necessary financing to purchase new equipment and update their fleets. We are very committed to providing financing, service, and support to transportation professionals and we have expanded our marketing and distribution channels to be even more efficient and widespread in our efforts. We are always looking for ways to improve our systems, processes, product offerings, and reach and we are very much looking forward to continuing this momentum and trajectory through the remainder of the year,” commented Justin Gordon, Senior Vice President of Sales and Marketing at TAB Bank.
While FDIC-insured TAB Bank provides working capital and other financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank’s first industry was trucking. In addition to Equipment Finance, these financial solutions are provided in the form of Accounts Receivable Financing, Asset Based Loans, Lines of Credit, Business Accounts, and Treasury Management Services.