TAB Bank's $2.5 Million Support for Ryan Transportation Growth
TAB Bank Empowers Ryan Transportation with Financial Support
TAB Bank has announced a significant financial partnership with Ryan Transportation, delivering a $2.5 million factoring facility. This arrangement is poised to reinforce the cash flow and working capital for Ryan Transportation, ensuring that they can uphold their esteemed reputation for exceptional service in the logistics industry.
Strengthening Financial Stability for Ryan Transportation
Based in Livonia, Michigan, Ryan Transportation has been a notable player in the trucking sector for over 55 years, predominantly serving the automotive industry. This financing initiative aims to enhance the company's financial agility, allowing them to continue delivering personalized services that consistently exceed customer expectations.
Innovative Solutions for A Dynamic Industry
Ryan Transportation has established itself as more than just a logistics provider; it specializes in tailoring solutions to meet the diverse needs of its clients. The company provides a variety of services, including over-the-road transportation, city driving, cross-docking, and industrial switching, all tailored to support the dynamic landscape of transportation.
Collaborative Efforts for Operational Excellence
Jennifer Orow, the CFO at Ryan Transportation, expressed gratitude for TAB Bank's role in their financial strategies, stating, "TAB Bank offered us a straightforward financing solution that optimized our cash flow and enhanced our working capital." This flexibility is crucial for a company like Ryan Transportation, which values operational efficiency and customer satisfaction.
Deep References in Transportation Industry
According to Ralph Kourtjian, Vice President of Business Development at TAB Bank, their team possesses an extensive understanding of the trucking sector. Founded over 25 years ago specifically to serve truckers, TAB Bank has evolved while still retaining its focus on logistics and freight services. This connection between the two companies is vital for aligning finances with operational goals.
Custom Financial Solutions Tailored for Businesses
TAB Bank is dedicated to offering customized financial solutions for small to mid-sized enterprises across various sectors, including logistics. Their services encompass asset-based lending, equipment financing, and working capital solutions, all designed to help companies expand and succeed in a competitive market. This partnership with Ryan Transportation enhances their ability to provide innovative financing options.
About TAB Bank
TAB Bank is on a mission to unlock dreams by delivering bold financial solutions that empower individuals and businesses throughout the country. Their commitment to innovation and client satisfaction has been a driving force for over 25 years, ensuring that they adapt to the changing needs of customers. Their technology-enabled, tailored banking solutions help simplify and enhance the banking experience.
Contact Information for Further Inquiries
For those seeking additional information about how TAB Bank can assist in achieving financial goals, inquiries can be directed to:
Trevor Morris
Director of Marketing
801-710-6318
trevor.morris@tabbank.com
Frequently Asked Questions
What is the purpose of the funding provided by TAB Bank?
The funding is aimed at enhancing Ryan Transportation's cash flow and working capital, thereby supporting their operational efficiency.
How long has Ryan Transportation been in business?
Ryan Transportation has operated for over 55 years in the trucking and logistics industry.
What types of services does Ryan Transportation offer?
They provide over-the-road, city driving, cross-dock, and industrial switching services tailored for their clients, specifically in the automotive sector.
What is the primary commitment of TAB Bank?
TAB Bank is dedicated to delivering innovative financial solutions to empower small and mid-sized businesses, particularly in the transportation sector.
Who can be contacted for more information regarding TAB Bank's services?
Trevor Morris is the Director of Marketing at TAB Bank and is available for inquiries at 801-710-6318 or via email.
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