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Manufacturing Company in California Chooses TAB Bank for a $1.5 Million Revolving Credit Facility
OGDEN, Utah, May 23, 2017 (GLOBE NEWSWIRE) — A manufacturing company in California has chosen TAB Bank for a $1.5 million revolving credit facility. The facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a manufacturer and distributor of PVC-coated conduit and fittings for electrical wiring…
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TAB Bank Provides Oilfield Service Company in Texas with a $1 Million Asset-Based Credit Facility
OGDEN, Utah, April 03, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million asset-based credit facility for an oilfield service 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 provides product and service solutions…
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Truck Tonnages Drops in February
The February truck tonnage index fell 2.8% on a year-over-year basis, but American Trucking Associations chief economist said freight activity was still strong and fell short because of the record-setting February 2016 comparison. ATA’s seasonally adjusted index was 138.7 in February compared with 138.9 in January and 142.7 one year ago. RELATED: ATA’s Bob Costello…
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Trucking Company in Georgia Chooses TAB Bank for a $500 Thousand Revolving Credit Facility
OGDEN, Utah, March 21, 2017 (GLOBE NEWSWIRE) — A trucking company in Georgia has chosen TAB Bank for a $500 thousand revolving credit facility. The facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. TAB Bank provides custom working capital solutions to commercial businesses across a wide range of…
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TAB Bank Provides a Flatbed Heavy Hauling Company in California with a $1 Million Revolving Credit Facility
OGDEN, Utah, March 14, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $1 million revolving credit facility for a flatbed heavy hauling company located in California. 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 family-owned business…
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TAB Bank Provides Security Services Company in Arizona with a $750 Thousand Revolving Credit Facility
OGDEN, Utah, March 02, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $750 thousand revolving credit facility for a security services company located in Arizona. 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 private security company…
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Factoring Company in the Midwest Chooses TAB Bank for a $2.5 Million Revolving Credit Facility
OGDEN, Utah, Feb. 23, 2017 (GLOBE NEWSWIRE) — A factoring company in the Midwest has chosen TAB Bank for a $2.5 million revolving credit facility. The facility is extended through a multi-year agreement and will enable the company to grow their business and fund additional clients. The company provides factoring services for clients in the oil &…
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Good maintenance practices prepare you to take advantage of freight upticks
Earlier this year the U.S. Department of Transportation said it expects freight ton miles (the movement of one ton of freight for one mile) to increase by almost 50% by 2045. A report from the Bureau of Transportation and the Federal Highway Administration predicted freight ton miles would reach 7.6 trillion in the next 30…
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For Trucking Regulation, It’s a Foggy Road Ahead
GPS technology can tell a commercial trucker all about routes and traffic conditions. But when it comes to predicting the regulatory landscape, the road ahead is a lot less clear. One rule that’s guaranteed to hit the industry at the end of this year is the electronic logging device mandate of the Federal Motor Carrier Safety Administration. ELDs…
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TAB Bank Provides Waterworks Distribution Company in California with a $4.5 Million Revolving Credit Facility
OGDEN, Utah, Feb. 14, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $4.5 million revolving credit facility for a waterworks distribution company located in California. 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 distributor of underground…
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TAB Bank Provides Technology Services Company in California with a $2 Million Revolving Credit Facility
OGDEN, Utah, Feb. 09, 2017 (GLOBE NEWSWIRE) — TAB Bank is pleased to announce it has provided a $2 million revolving credit facility for a technology services company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company focuses on project implementation and…
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