TAB Bank provided $30 million in working capital facilities for several businesses during the month of October.  These facilities were provided for companies across a broad spectrum of industries.

The new transactions are categorized as the following:

•    Four A/R lines of credit totaling $11 million

•    Two ABL lines of credit for $3.75 million

•    56 Equipment Loans for $14.2 million

•    One participation loan totaling $750 thousand

•    One capital lease purchase from a lease originator for $300 thousand

TAB Bank has assets in excess of $600 million through a variety of financial products including: capital equipment lease financing, accounts receivable financing, asset-based lending, lines of credit, and equipment loans.