Daily News: February 8, 2012

TAB Bank Provides $47.15 Million in Credit Facilities in January

TAB Bank provided $47.15 million in credit facilities for several businesses during the month of January. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Six A/R lines of credit totaling $26.75 million

  • One ABL line of credit for $6 million

  • Seventeen equipment loans for $8 million

  • One participation loan totaling $1.6 million

  • Three capital lease purchase from lease originators for $3.6 million

  • Two lease portfolio acquisitions for $1.2 million

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