TAB Bank has extended a $3.5 million ledgered working capital facility to a transportation service provider, a Canadian-based company with a vast network of less-than-truckload, full truckload and cross-dock operations spanning Western Canada to Central California.
The logistics company sought a new banking partner after its previous financing company decided to reduce its portfolio in the transportation sector. With limited time to secure a replacement, the company turned to TAB Bank.
“Selecting the right financial partner means choosing one that truly understands the ins and outs of your business,” Ryan Gabriel, vice president of business development at TAB Bank, said. “TAB Bank has nearly three decades of experience supporting the logistics and transportation sector, making us well-positioned to step in quickly and deliver tailored solutions that build value for logistics companies and their customers.”
