[OGDEN, 11/15/2017]- Small business owners need a lending hand to expand their business. This goal, however, entails big investment costs. TAB Bank recognizes this challenge and offers small business owners with asset-based loans that are tailor-made for each unique owner.

Ensuring Business Growth

Securing financial support for small businesses is an advantage for small business owners. Small businesses, however, suffer from the lack of sufficiently high credit rating. This results in rejected traditional bank loan applications.

TAB Bank says, “Traditional financing is just that — static, unimaginative and restrictive.”

In response to the small business’s need for better loan options, TAB Bank’s asset-based lending looks at different factors of the company instead of just its cash flow and balance sheet. These factors include accounts receivable, inventory, and even equipment. Through this loan option, small business owners have more room to grow.

The bank says, “We believe in the power of small business and the entrepreneurial individuals who start and build them.”

Less Financial Responsibility

TAB Bank explains that asset-based lending provides minimal financial covenants and more liquidity than a traditional line of credit. Overall, asset-based loans are simply the better option for small businesses because there are less financial commitments required of the borrower.

The bank adds, “We can give you maximum liquidity and flexibility with minimum rates to help support your growth.”

About TAB Bank

TAB Bank provides lending and banking services to different businesses across Utah. Servicing every kind of business, from startups and SMEs to trucking companies and large businesses, the bank provides solutions for all banking needs. The bank also offers personal banking.

Visit the https://www.tabbank.com website today for further information.