TAB Bank provided nearly 300 companies with more than $57 million in funding in Q4/24. The financing includes factoring, asset-based and equipment loans, small business lines of credit and more for companies in transportation, manufacturing and distribution, e-commerce, maintenance, logistics and other industries.
Highlights of the largest Q4 2024 deals include:
$20 million — Funding numerous companies for their equipment needs
$12 million — Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions
$11 million — Providing almost 100 small businesses with lines of credit for growth
$5 million — A transportation maintenance solutions company in Dallas
$4 million — A Kentucky company that owns, operates and manages multi-tenant communication tower sites across the U.S.
“The most successful companies grow by compounding their returns, and using strategic debt financing can be a powerful tool to fuel that growth,” Terri K. Lins, chief credit officer at TAB Bank, said. “Our focus is to create financing programs tailored to each company’s specific goals — whether expanding inventory, investing in new equipment or ramping up marketing and promotions. We succeed when we help our customers leverage money in the right way to maximize their growth potential.”
