Two Companies Receive TAB FAST Funding From TAB Bank
TAB Bank is pleased to announce it has provided TAB FAST funding to two trucking companies. Each funding represents TAB’s commitment to providing working capital and other financial solutions to companies in the trucking industry.
TAB FAST is TAB Bank’s quick cash factoring program for small trucking companies. This program helps truck drivers get back on the road fast with approval and funding in as little as 24 hours. In addition, the program comes with a mobile scanning app which further expedites the funding process and a TAB FAST Fuel Card offering discounts on fuel purchases.
The first transaction was closed with a trucking company in Florida. TAB has provided them with a $300,000 TAB FAST line of credit and the TAB FAST Fuel Card program. In addition, the company will be utilizing TAB’s Treasury Management Services which provides them with immediate access to their cash through TAB’s business banking and online cash management tools.
The second transaction was closed with a trucking company in Maryland. TAB has provided them with a $80,000 TAB FAST line of credit as well as the TAB FAST Fuel Card program. This company also will be utilizing TAB’s Treasury Management Services for their business banking and online cash management needs.
While FDIC-insured TAB Bank provides working capital and other customized financial solutions to a variety of industries such as manufacturing, staffing, and technology, the bank’s first industry was trucking. In addition to the TAB FAST program, these financial solutions are provided in the form of Accounts Receivable Financing, Asset Based Loans, Lines of Credit, Equipment Finance, Business Accounts, and Treasury Management Services.
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