TAB Bank Provides Transportation Factoring Company on the West Coast with a $3 Million Rediscount Credit Facility

Image of a truck driver working on a tablet outside their truck | TAB Bank

OGDEN, UT—TAB Bank is pleased to announce it has provided a $3 million rediscount credit facility for a commercial finance company located in Texas. 

The company provides factoring facilities for transportation companies nationwide.  They needed to secure a new financing relationship as their previous lender was exiting this line of business.  TAB Bank stepped in and was able to provide more favorable terms and structure than their previous lending relationship.

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.

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. <br><br>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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