A transportation brokerage company located in the Southeast has chosen TAB Bank for a $3 million ABL revolver. The new facility paid off the company’s previous lender.
TAB Bank provided a $3 million revolving credit facility for Electro Brand. The new agreement is based on accounts receivable and has been extended through a multi-year agreement.
TAB Bank closed two transactions totaling $1.9 million.
TAB Bank said it has provided a rediscount credit facility for Fast A/R Funding, a specialty finance company that provides working capital facilities for companies through factoring receivables.
TAB Bank announced it has provided ProStar Trucking with a $1 million credit facility. The new facility is based on accounts receivable and has been extended through a multi-year agreement.