Daily News: July 19, 2012

TAB Bank Provides Saksoft With $1 Million Credit Facility


TAB Bank announced it has provided a $1 million credit facility to Saksoft, Inc. of Jersey City, NJ. The new facility is based on accounts receivable and is extended through a multi-year agreement.

Saksoft is a provider of information management solutions to successful organizations around the world. It delivers success by helping clients to consolidate, organize and manage the vast volume of data they collect. From strategic consultancy and the delivery of niche technical services, to a complete information management solution, Saksoft offers end-to-end solutions.

“We are very excited to enter into a new credit relationship with TAB Bank. This credit facility will greatly enhance our cash flow and give us the working capital needed to pursue our growth and expansion objectives,” stated Niraj Ganeriwal, CFO of Saksoft, Inc.

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