TAB Bank provided a $1.2 million revolving credit facility for a transportation company based in Georgia. The facility is based on accounts receivable and will provide for the company’s ongoing working capital needs.
The company was a courier service that later diversified into a parts delivery business. Its core business is providing dedicated scheduled parts delivery service for automotive, truck and construction equipment parts in several states in the Southeastern U.S.
TAB Bank provides custom working capital solutions to commercial businesses across a range of industries.
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