Daily News: October 16, 2012

TAB Bank Provides $3 Million to InterMetro Communications


TAB Bank announced that it has provided a $3 million senior credit facility through a multi-year agreement for InterMetro Communications, Inc. of Simi Valley, CA.

“We were looking for a lending partner that could grow with us and TAB Bank is the type of partner we had in mind. We were very impressed with their team of commercial finance professionals. As a high-growth technology company, they really understood what we were looking for and they customized a solution that gives us the financial footing to achieve our forecasted growth plans,” commented Charles Rice, CEO of InterMetro Communications.

“We are very excited with our new relationship with InterMetro Communications,” stated Gary Harding, chief credit officer at TAB Bank. “The company provides exceptional service and value to their customer base. We are very much looking forward to working alongside their experienced team as they work toward bringing their communication solutions to a larger number of clients and grow their business.”

TAB Bank provides custom working capital solutions to commercial businesses from many industries.

InterMetro Communications is a facilities-based IP communications provider of enhanced voice and data communication services. InterMetro owns and operates a national, private, proprietary voice-over Internet Protocol (VoIP) network infrastructure powered by state-of-the-art switching equipment and software.