TAB Bank Announces More Than $103 Million in Credit Facilities for Q2 2024
25 July 2024 - 4:05PM
TAB Bank successfully closed $103 million in credit facilities with
nearly 400 companies during the second quarter of 2024. 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. TAB Bank remains a trusted financial ally for
businesses of all sizes, providing crucial capital to enhance
growth and profitability nationwide.
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.
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.
TAB Bank’s tailored business line of credit solutions cater to
small and midsize enterprises looking to drive growth. With
flexible terms designed to fit each company’s unique needs, TAB
supports businesses with stellar credit as well as those requiring
alternative assessments. The bank considers various factors, such
as income and operational history, to determine
creditworthiness.
The bank offers accounts receivable financing, asset-based
lending, equipment financing, term loans, lines of credit,
factoring and commercial real estate loans through a team of
specialists who are experts in matching the right financing
instrument with the company’s growth stage and specific
industry.
For more information on TAB Bank's capital financing and credit
solutions, visit TABBank.com.
About TAB BankAt TAB Bank, our mission is to
unlock dreams with bold financial solutions that empower
individuals and businesses nationwide. We are committed to making
financial success accessible to everyone through our innovative
banking products. Our dedication drives us to continuously improve,
ensuring that we meet the evolving needs of our clients with
excellence and agility. For over 25 years, we have remained
steadfast in offering tailored, technology-enabled solutions
designed to simplify and enhance the banking experience.
For more information about how we can help you achieve your
financial dreams, visit www.TABBank.com.
Contact Information:Trevor MorrisDirector of
Marketing801-624-5172trevor.morris@tabbank.com