Daily News: March 7, 2012

TAB Bank Provides $45.17 Million in Credit Facilities in February

TAB Bank provided $45.17 million in credit facilities for several businesses during the month of February. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Two A/R lines of credit totaling $1.75 million

  • Three ABL lines of credit for $10.5 million

  • 15 equipment loans for $4.3 million

  • One participation loan totaling $1.1 million

  • Two capital lease purchase from lease originators for $1 million

  • A student loan portfolio acquisition for $25.8 million

  • Two direct operating leases for $720 thousand

    TAB Bank provides working capital solutions to small- and medium-sized commercial businesses across a wide range of industries.