TAB Bank provided a Michigan-based transportation company with a $1 million asset-based credit facility and $1.1 million in equipment financing.
The ABL facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.
The transportation company provides intermodal, truckload and cross border deliveries across Michigan, Illinois, Ohio, Indiana, Wisconsin and Ontario.
TAB Bank provides working capital solutions to commercial businesses across a range of industries.