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TAB Bank Provides $12MM in Trucking Equipment Loans in Q1/14

April 11, 2014, 06:30 AM

TAB Bank provided $12 million in trucking equipment loans for 17 transportation companies during the 1st quarter for 2014.  Based in different regions of the country, these companies represent a broad spectrum of trucking entities including one-truck owner-operators and small and large fleets.

“Providing financing for trucking equipment has been one of our core loan products since day one at TAB Bank.  It is a major focus of our lending goals and we are pleased to be able to be a financial partner with so many truckers and trucking companies in keeping their fleets in top-performing condition.  Our funding activity for trucking equipment in the 1st quarter for 2014 is up 39% from our equipment deals we funded in 4th quarter for 2013.  I am excited with this growth and it represents our commitment to providing financing solutions for the trucking industry,” stated Jan Allen Ackley, Chief Lending Officer for TAB Bank.

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