TAB Bank Provides Rediscount Credit Facility to Transportation Factoring Company

TAB Bank provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan.

The facility is based on a multi-year agreement and will provide the means necessary to expand the company’s portfolio. The company was primarily looking for a funding partner with experience in lending to and financing companies in the trucking industry.

TAB Bank provides custom working capital solutions to commercial businesses across a range of industries.