Daily News: July 25, 2013

TAB Bank Provides $1.5MM Revolver to Interide Transport


Interide Transport LC of Salt Lake City, UT chose TAB Bank for a $1.5 million revolving credit facility. The new facility is based on accounts receivable and has been extended through a multi-year agreement.

Founded in 2010, Interide Transport combines decades of experience and state-of-the-art technology with a nationwide, asset-based network of equipment options to provide shippers with exceptional service and support. The company facilitates the hauling of flatbed and refrigerated freight through a fleet of 75 trucks and 110 trailers.

“Obtaining this credit facility is a significant step in the growth and expansion plans of Interide Transport. The funding we have received from TAB Bank and will continue to receive will enable us to pursue new opportunities and advance our goals as never before. I am very excited to work with the professionals at TAB well into the future,” stated Steven Gadd, vice president of Interide Transport.