TAB Bank closed more than $67 million in financing for over 230 businesses during the first quarter of 2025.
The Utah-based bank provided a mix of factoring, asset-based and equipment loans, small business lines of credit, and real estate loans. Clients spanned a range of industries including transportation, beauty, specialty finance, agriculture, and behavioral health.
Notable Q1 deals included:
- $13 million for Capital Foundry, a Pittsburgh-based specialty finance lender.
- $12 million in commercial real estate financing for a behavioral health hospital in Kentucky.
- $6.5 million for HydroEdge Solutions, a Pennsylvania-based fluid management provider for the energy sector.
- $5 million for a Nevada agriculture finance company serving U.S. and Mexican clients.
- $4 million for a California beauty product manufacturer.
Seventeen other companies, primarily in the transportation sector, received term loans and lines of credit ranging from $40,000 to $500,000.
“Companies from various industries trust TAB Bank to build value for their business,” said Justin Hatch, chief lending officer. “From straightforward lending to unique financing structures, we learn about each individual business to ensure their experience with TAB Bank helps them grow.”
