TAB Bank Expands Agricultural Financing with $5 Million Lender Finance Facility

TAB Bank Partners with Nevada Company to Provide $5 Million in Financing for Agricultural Businesses

OGDEN, Utah, Feb. 20, 2025 (GLOBE NEWSWIRE) — TAB Bank has closed a $5 million Lender Finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses, and fresh produce exporters in Mexico. This partnership aims to empower small- to mid-size growers globally by supporting their funding needs and expanding their operations.

The agriculture finance company, built by growers for growers, offers a financial solution tailored to the next generation of agricultural businesses. With payment cycles spanning 30 to 90 days, growers often face critical liquidity challenges. The platform bridges this gap by advancing up to 96% of a grower’s sales within 24 hours, providing fast, flexible, and reliable funding that improves cash flow, reduces financial risks, and saves time.

Jerry Clinton, Managing Director of Corporate Underwriting at TAB Bank, stated, “Small profit margins and complex international transactions create significant hurdles for growers looking to secure their receivables. Our new client and their financial solutions alleviate those pressures, allowing growers to focus on growing their businesses. TAB Bank is happy to extend that same opportunity to this innovative company—providing the capital they need to scale their business and continue their mission of supporting the agricultural community worldwide.”

TAB Bank offers tailored financial solutions to help businesses thrive in competitive markets, providing companies nationwide with bold financial solutions that lift and empower, from working capital facilities to term loans and equipment financing.

For more information about TAB Bank and how they can help achieve financial dreams, visit www.TABBank.com. Contact Trevor Morris, Director of Marketing, at 801-624-5172 or [email protected] for further inquiries.
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