Daily News: January 9, 2012

TAB Bank Provides $92.9 Million in Credit Facilities in December

TAB Bank provided $92.9 million in credit facilities for several businesses during the month of December. These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

  • Four A/R lines of credit totaling $10 million

  • Twenty-six equipment loans for $5.1 million

  • Three participation loans totaling $4.6 million

  • Five capital lease purchases from lease originators for $5.1 million

  • A student loan portfolio acquisition for $11.9 million

  • A portfolio acquisition for $56.2 million

    TAB Bank has assets in excess of $800 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit and equipment loans.