TAB Bank provided a $4 million asset-based revolving credit facility for a petroleum company located in Texas.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

The company is a wholesale supplier and distributor of petroleum products, petrochemicals, and renewable fuels.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.  These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions.  TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.  TAB’s lending options can also be combined with a full suite of business banking solutions and Treasury Management Services.