Pub. 2 2014 Issue 4

www.uba.org 20 TAB BANK PROVIDES $11.3 MILLION IN TRUCKING EQUIPMENT LOANS IN 2014 3RD QUARTER TAB Bank is pleased to announce it provided $11.3 million in trucking equipment loans for 22 transportation com- panies during the 3rd quarter of 2014. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck own- er-operators and small and large f leets. 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 f leets. 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. Ackley continued, “In addition to providing financing for trucking equipment, we also offer customized working capital solutions through our Accounts Receivable Financ- ing and Asset Based Lending programs. Many times, our clients in the trucking industry utilize both our equip- ment financing and working capital funding due to our expertise and knowledge of the industry. Our commercial finance and business banking teams are full of profession- als with years of experience in providing financial service and support to trucking companies.” n CONSTRUCTION MATERIALS SUPPLY COMPANY CHOOSES TAB BANK FOR A $500 THOUSAND REVOLVING CRED- IT FACILITY A construction materials supply company in the Southwest has chosen TAB Bank for a $500 thousand revolving credit facility. The company specializes in producing and supplying gravel, sand, concrete, asphalt blocks, and road construction materials. The facility is based on accounts receivable, is made available through a multi-year agreement, and will pro- vide for the ongoing working capital needs of the company. TAB Bank provides custom working capital solutions to commercial businesses from many industries. These solutions are provided in all stages of business life cycles during any economic conditions. TAB Bank does this through Accounts Receivable Financing, Lines of Credit, Equipment Finance, Asset Based Loans, Business Accounts, and Treasury Man- agement Services. TAB’s nationwide team of Business Development Officers possess years of experience developing client relationships and structuring credit facilities in the commercial finance arena. TAB BANK ANNOUNCES NEW DIRECT EQUIPMENT LEASING AND FINANCE PROGRAM As TAB Bank continues to expand its product offerings it is pleased to announce a Full Service Direct Equipment Leasing and Finance program. TAB will now be able to provide direct financing on many types of equipment to companies from a wide array of industries as well as offer vendor programs on a nationwide basis. This new product offering is in addition to TAB’s existing truck and trailer financing programs for the transportation industry as well as the bank’s current third party lease originator financing product. Grant Finch has joined the TAB Bank team in the role of Business Development Officer to create and cultivate new business opportunities for this new product offering. He will be responsible for identifying cross sell opportunities within TAB’s existing A/R Financing and Asset-Based Lending portfolios as well as offering the product to small and medium-sized businesses from across the country. Grant brings over thirty years of equipment finance and leasing experience to TAB Bank. Prior to joining the TAB team, Grant owned an equipment finance company, NBF Capital LLC. Grant also worked previously for Wells Far- go Equipment Finance, First Security Leasing, and Valley Bank Leasing. “We are very excited to announce this new product offer- ing and we are very confident we will have the opportunity to help many companies get the equipment they need to operate and grow their business. Our ability to provide direct equipment finance and leasing will complement the working capital we provide to many businesses through our A/R Financing and Asset-Based Lending programs. Grant is the right person to build momentum for this new opportunity as he brings many years of experience in the equipment finance and leasing industry to TAB Bank. He understands equipment finance and will be able to be a great asset to our current and prospective customers alike,” stated Justin Gordon, Senior Vice President of Sales and Marketing for TAB Bank. n