TAB Bank successfully closed $103 million in credit facilities with nearly 400 companies during Q2/24. Financing included loans for working capital, equipment and commercial real estate, small business lines of credit and accounts receivable funding. The companies funded span numerous sectors, including manufacturing, commercial real estate, construction, transportation and dental supplies.
Highlights of the largest Q2 2024 deals include:
- $20 million – a California-based company specializing in high-quality finished and fabricated aluminum extruded products
- $10 million – a Florida company that offers self-storage options for customers
- $7 million – a family-owned transportation and brokerage firm located in the Southeast
- $7 million – a premier international contract manufacturer based in Michigan
- $6 million – a California-based dental product brand that produces gloves, sterilization pouches and face masks
- $5 million – a Utah-based luxury multi-family home builder.
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TAB also provided term loans and lines of credit for small and midsize businesses, particularly transportation companies, ranging from $40,000 to $800,000 to fund growth and create consistent cash flow.
