Daily News: November 29, 2012

TAB Bank Completes Seven Transactions in September, October


TAB Bank announced it closed seven transactions in September and October totaling $13.6 million. The deals include:

  • a $7.5 million asset-based line of credit to Consumer Contract Fund I, LLC. The deal was closed in October 2012.

  • a $3 million asset-based line of credit to InterMetro Communications, Inc. The transactions closed in October.

  • a $1 million A/R line of credit to a distributor of beauty products in Maryland. The deal closed in October.

  • a $1 million A/R line of credit to Vaughan Consulting Group, Inc. The transaction closed in September.

  • an $800,000 A/R line of credit to Collaborate Solutions Inc. The deal closed in September.

  • a $250,000 A/R line of credit to Command Arms Accessories. The deal closed in October.

  • a $60,000 A/R line of credit to Bonc N Bonk Express, LLC. The transaction closed in October.

    Previously on abfjournal.com:

    TAB Bank Provides $3 Million to InterMetro Communications, Tuesday, October 16, 2012