OGDEN, Utah, Nov. 09, 2017 -- TAB Bank is pleased to announce it has provided a $4 million revolving credit facility for a petroleum wholesale company located in New Mexico. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs
The company sells diesel, gasoline, bio-diesel, jet fuel, and ethanol to smaller jobbers, retailers, and large fuel consumers such as truck fleets, agencies of state and local governments, agricultural and farming enterprises, airports, utilities and school districts in eight different states.
TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance. TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.