Daily News: February 25, 2013

TAB Provides Fast A/R Funding with Rediscount Credit Facility

TAB Bank announced it has provided a rediscount credit facility for Fast A/R Funding, a Calabasas, CA-based specialty finance company. Fast A/R Funding provides working capital facilities for companies through factoring receivables.

“We are very pleased to partner with a financial institution that understands the factoring industry as well as TAB Bank does. Their team of commercial finance professionals have years of experience in the industry. I am extremely confident in their ability to provide outstanding service and support to Fast A/R Funding in the coming months and years,” stated Matthew Begley, CEO of Fast A/R Funding.

“Fast A/R Funding is a great fit in TAB’s portfolio of rediscount clients. They provide exceptional services for their growing number of clients. They are led by an outstanding team of seasoned professionals. Their leadership team has years of experience in the factoring industry and they know the ins and outs of the industry just about as well as anyone. We were also very impressed with their operational and customer-facing systems. They utilize the latest in technology through the use of innovative systems and processes,” commented Chris Abel, vice president of loan underwriting at TAB Bank.