FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


TAB Bank Provides $5.9MM Equipment Loan to California Trucking Company

August 31, 2015, 07:00 AM
Filed Under: Trucking
Related: TaB Bank, Trucking

TAB Bank announced it has provided a $5 million revolving credit facility for a trucking company based in California.  Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital needs.  In addition, TAB Bank also provided the company with a $5.9 million equipment term loan to refinance various pieces of equipment.

The company serves the crude oil transportation and logistics needs of major U.S. crude oil producing regions.  They operate 139 tractors and 183 trailers and transport approximately 1.5 billion gallons of oil annually.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.