TAB Bank closed a $30 million asset-based lending (ABL) facility with Artur Express, a nationwide transportation and logistics company based in Missouri. TAB Bank provided $15 million in funding for the facility, with an additional $15 million through participations. This capital will allow Artur Express to drive growth.
“Our experience with TAB Bank has been outstanding. Their team understands the unique needs of the trucking industry and provides flexible, reliable financial solutions that help us stay focused on running our business,” Artur Wagrodzki, president of Artur Express, said.
“We are excited to partner with Artur Express and serve and support them with their financing needs. It has been a pleasure to work with their team, and we look forward to continuing to build on this momentum,” Tyer Heap, president at TAB Bank, said.
Dustin Jacobson, vice president and business development officer at TAB Bank, sourced this deal.
