As TAB Bank continues to expand its footprint in terms of geography and business opportunities it is pleased to announce the addition of Chip Scoggins to the business development team as Vice President and Business Development Officer. Chip will be based in Dallas, TX and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities with annual revenues of $2 million to $150 million.
Scoggins has over 30 years of experience in the commercial finance and banking industries. His background includes asset-based lending, factoring, healthcare finance, and purchase order financing to small and medium-sized commercial businesses in the Southwest and across the United States. Although the majority of his career is in new business development, his additional experience in credit, operations, and managing turnaround portfolios has helped establish a strong background in structuring customized working capital solutions to a wide base of businesses from many industries including services, wholesale, distribution, manufacturing, assembly, fabrication, importers, and exporters. Chip is a graduate of Clemson University and earned an MBA from Winthrop University.
“The addition of Chip to the TAB Bank business development team will greatly enhance our ability to bring flexible financing solutions to many small and medium-sized commercial businesses in Texas and throughout the entire Southwest. Chip brings to TAB a wealth of experience in the commercial finance and asset-based lending arena as well as an extensive network of working professionals and new business prospects. We are very pleased to welcome him to our team and look forward to many new business opportunities that will be generated through his efforts,” stated Daniel Rodrigue, National Sales Manager for TAB Bank.
TAB Bank offers a variety of financial products including accounts receivable financing, asset-based lending, lines of credit, equipment finance, business accounts, and treasury management services. TAB Bank provides working capital solutions to small and medium-sized commercial businesses across a wide range of industries. TAB provides these solutions in all stages of a company’s business cycle no matter the economic climate.