TAB Bank announced it has provided a $5 million revolving credit facility for a healthcare staffing company located in the Mid-Atlantic region. The company has built healthcare clinics and deployed more than 65 categories of health personnel to staff dental, occupational health, chiropractic, primary health, nursing psychological, and allied health services at U.S. military bases. The new facility is based on accounts receivable and will provide for the company’s ongoing working capital needs.
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 Management Services.