Daily News: April 3, 2012

TAB Bank Provides $43.47 Million in Credit Facilities in March


TAB Bank provided $43.47 million in credit facilities for several businesses during the month of March 2012. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Three A/R lines of credit totaling $22.1 million

  • Twenty-five equipment loans for $5.3 million

  • One capital lease purchase from a lease originator for $770,000

  • A student loan portfolio acquisition for $15.3 million

    TAB Bank provides working capital solutions to small- and medium-sized commercial businesses across a wide range of industries.