TAB Bank opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million. Approximately 400 existing customer relationships will be managed in the Texas office with that number expected to grow significantly in the coming months.
The Texas office will provide facilities for all commercial industries with the exception of medical and construction. They will specifically be focused on deals in the transportation industry including oil and gas companies. The Texas office will also provide equipment finance. Most facilities and equipment loan transactions will be underwritten in 24 to 48 hours.
“TAB loves trucking and TAB loves Texas. It seems only natural that TAB chose to open a cutting-edge facility in Plano. Since 1998, TAB Bank has been one of the most reliable sources of transportation factoring, and our new office will allow us to better serve our existing customers and welcome new customers with the finest customer care. We are a bank that’s focused on innovation, and we will soon be rolling out a comprehensive suite of products and services for our customers. It’s a great time to be a TAB Bank customer,” stated Curtis Sutherland, Senior Vice President of TAB Bank.