TAB Bank announced it provided $11.3 million in trucking equipment loans for 22 transportation companies during Q3/14. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck owner-operators and small and large fleets. Year-to-date TAB has increased its trucking equipment lending by 56% from 2013 to 2014 through the end of the 3rd quarter.

“Trailer sales and Class 8 truck sales continue to build momentum as we enter the final quarter of 2014. We see many reports that trucking equipment sales are seeing very high numbers as trucking companies nationwide replace their equipment and upgrade their fleets. We are poised to meet the financing demand for the increase in sales and assist trucking companies of all sizes get the funding they need to purchase needed new equipment. We have helped many companies get the equipment financing they need and we are very excited to help many more,” stated Jan Allen Ackley, chief lending officer for TAB Bank.