TAB Bank Provides Petroleum Company in Texas with a $4 Million Asset-Based Credit Facility

Image of an oilfield pumpjack silhouetted against the early morning sky in the background - TAB Bank

OGDEN, Utah, Aug. 21, 2019 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $4 million asset-based revolving credit facility for a petroleum company located in Texas.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is a wholesale supplier and distributor of petroleum products, petrochemicals, and renewable fuels.

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.

Chris Mitchell is TAB Bank’s Vice President and Business Development Officer based in Atlanta.  He has over 25 years of experience developing client relationships and structuring credit facilities in the asset-based lending and factoring arena.  He can be reached at 404.432.7657 or at chris.mitchell@tabbank.com.

If you are looking for ideas on effective financial management options for your business and want to better understand the assets you can use to acquire the funding you need, check out our ebook titled, The Unsung Value of Effective Asset Management.  Click on the tile below to access this valuable piece of content.

 

The Unsung Value of Effective Asset Management

About the Author

Trevor Morris

Trevor is a skilled, experienced, and passion-filled marketing and communications professional. He brings creativity and innovation to any project, task, or assignment he undertakes. He is able to clearly communicate ideas in any communication setting or communication medium and particularly enjoys opportunities to teach, mentor, and coach.

Trevor currently serves in the role of Director of Marketing at TAB Bank. TAB Bank is a commercial bank founded in 1998 and located in Ogden, UT. TAB serves the needs of small- to mid-size businesses through accounts receivable financing, asset-based loans, equipment loans, commercial equipment leases, business accounts and card products, and commercial banking services.

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