TAB Bank announces it has 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 US$1m. 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.
