The nearly 400 transactions span a number of sectors including household goods, restaurants, manufacturing, real estate, transportation and more.
OGDEN, Utah, Oct. 30, 2024 (Globe Newswire) — TAB Bank successfully closed a $98.4 million credit facility in 385 transactions during the third quarter of 2024. Financing includes a diverse range of loans such as working capital, equipment, commercial loans, real estate, small business lines of credit, and accounts receivable financing across a number of sectors including household goods, restaurants, manufacturing, real estate, transportation, etc. Procurement. TAB Bank continues to be a solid financial partner for businesses across the country, providing critical capital for growth and success to turn their goals into reality.
Highlights of the largest deals in Q3 2024 include:
$12 million – Texas-based multifamily community developer.
$10 million – Mobility Trust Group is a Virginia-based company that specializes in financing wheelchair accessible vehicles (WAVs) and home mobility equipment for people with disabilities.
$5 million – CoreCentric Solutions is an Illinois-based leader in the repair, remanufacturing, and product return industry.
$4.5 million – Fiesta Tableware Company, an American-made tableware company based in West Virginia.
$4 million – Colorado-based full-service metal manufacturer serving the aerospace, defense, medical, marine, and renewable energy industries.
$2 million – Dirty Dough is a rapidly expanding gourmet cookie company based in Utah.
With roots in serving long-haul truckers and the broader transportation industry for more than 25 years, TAB Bank, in the third quarter, extended term loans and loans ranging from $30,000 to $250,000 to transportation and logistics companies. We provided a line of credit and supported the generation of stable operating cash. flow.
“At TAB Bank, we are committed to providing personalized financial solutions to help businesses grow. Whether your company needs working capital to sustain growth or Whether you need an equipment loan, we offer flexible financing options designed to meet your unique needs,” said TAB Bank President Tyler Heap. “We are proud of our efforts in the third quarter and look forward to helping companies, especially those in underserved markets, access the capital they need to scale and succeed. I will do my best.”
The bank’s services include working capital, equipment financing, term loans, lines of credit, and commercial real estate loans. TAB Bank specialists ensure each customer is matched with the right financial product for their industry and stage of growth. The Bank supports companies with good credit as well as those with poor credit and requires alternative valuations. To determine your creditworthiness, banks consider various factors such as your income and business history.
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To learn more about TAB Bank’s capital financing and credit solutions, visit TABBank.com.
About TAB Bank
TAB Bank’s mission is to unlock dreams with bold financial solutions that empower individuals and businesses across the country. We are committed to helping everyone achieve financial success through innovative banking products. Our dedication to continuous improvement allows us to meet our customers’ evolving needs with excellence and agility. For more than 25 years, we have been resolutely committed to providing customized, technology-enabled solutions designed to simplify and enhance your banking experience.
To learn more about how we can help you realize your financial dreams, please visit www.TABBank.com.
contact address:
trevor morris
Director of Marketing
801-624-5172
trevor.morris@tabbank.com
