TAB Bank provided a $2.5 million asset-based revolving credit facility for manufacturing trucking based in Florida. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.
The company specializes in hauling refrigerated freight. They also operate a logistics company and a second facility based in Illinois.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including asset-based revolving loans, accounts receivable financing, lines of credit, and equipment finance. TAB’s lending options can also be combined with a full suite of business banking solutions and treasury management services.
