TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company
OGDEN, Utah, June 04, 2025 (GLOBE NEWSWIRE) -- TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.
TAB Bank's high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while simultaneously building its commercial borrowing profile.
The company offers supply chain financing and logistics support tailored specifically for North American medical service providers purchasing from local and global manufacturers. It provides a data-driven approach to procurement, inventory and end-to-end supply chain management of essential medical commodities, such as surgical supplies and medical devices for healthcare providers.
'The medical supply chain solution provider's decision to utilize TAB Bank's high-yield CD as collateral is a smart, forward-thinking strategy,' said Ryan Gabriel, Vice President and Business Development Officer for the Pacific Northwest and Western Canada at TAB Bank. 'It also highlights one of TAB's key strengths—offering competitive deposit products that work hand-in-hand with our lending solutions to build value for our clients.'
TAB Bank offers customized financial products to small and midsized businesses across a wide range of industries, like asset-based lending, equipment financing and working capital solutions. The bank's personalized service and bold financial solutions continue to attract clients across North America.
About TAB BankAt TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience.
For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.
Contact Information:Trevor MorrisDirector of Marketing801-624-5172trevor.morris@tabbank.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
38 minutes ago
- Hamilton Spectator
Manitoba premier eyes northern development that could include a pipeline
WINNIPEG - Manitoba Premier Wab Kinew promoted his province Friday as the route for a future trade corridor, which could include a pipeline, in order to get goods from Western Canada to overseas markets. 'The politics are (that) something needs to get built in Western Canada. I think everybody understands that,' Kinew told a breakfast meeting of the Manitoba Chambers of Commerce. 'And if you've been following the news, B. C.? Ontario? Maybe. We'll see. But Manitoba's open for business, and I think in time Manitoba will show itself as a path to getting natural resources to tidewater across Canada.' The Alberta government has been pushing for a pipeline across northern British Columbia, but the idea is not supported by the B.C. government. Kinew said Manitoba is looking at boosting shipments through Hudson Bay, currently served by the Port of Churchill, which is ice-free for only a brief period every year. There have been calls for a second port on the bay, further south at Port Nelson, combined with more rail service and a pipeline, in order to boost exports to Europe and other destinations. Kinew said he's open to different options, but the private sector has to put forward ideas. A trade corridor could ship Manitoba's low-carbon hydroelectricity westward to the other Prairie provinces, he said. And a pipeline heading the other direction is a possibility. 'What is the product that makes sense? Are we going to be looking at liquefaction and then maybe it's a (liquefied natural gas) thing?' Kinew told reporters after his speech. 'Are we looking at oil and gas projects? Are we looking at something novel like green hydrogen or maybe a potash slurry? These are the things that we can signal to the private sector we're open to having a discussion about.' Pipeline development in the north could face opposition from environmentalists and others. Much of the area near the coast of Hudson Bay is protected, including Wapusk National Park. Kinew also told the business crowd Friday his NDP government is finalizing a memorandum with British Columbia to cut trade barriers between the two provinces. Similar to a recent deal with Ontario, it's aimed at allowing more goods and services to flow freely. Kinew said it will give Manitobans access to another big Canadian market. Prime Minister Mark Carney has pledged to break down internal trade barriers by Canada Day, and Ontario, Nova Scotia and other provinces have been working on reciprocal agreements. This report by The Canadian Press was first published June 6, 2025 Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
an hour ago
- Yahoo
Air quality alert issued June 6 due to Canadian wildfires
MONTPELIER, Vt. (ABC22/FOX44) – Vermont's Department of Environmental conservation has issued an air quality alert for northwestern Vermont due to wildfire smoke pollution. The Air Quality was anticipated to be code yellow, moderate, early today but is expected to become code orange, also known as 'Unhealthy for Sensitive Groups'. This is due to recent Canadian wildfire smoke, which is also expected to elevate concentrations of fine particles, according to DEC. Those in Chittenden, Grand Isle and Franklin Counties who have asthma, heart or lung diseases should proceed with caution and keep an eye out for symptoms. Children, teens, pregnant individuals and more may also experience syptoms. The DEC reports that it is possible for anyone to experience the effects of this smoke, which include shortness of breath and coughing. Officials recommend taking more breaks and reducing heavy exertion when outside. This warning began at 10:00 a.m. and will run until midnight. The air quality yesterday morning, June 5, was moderate according to ABC22/FOX44 Meteorologist Alex Wasilenko: Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
Dr. Louis Krenn Medical Scholarship Invites Aspiring Physicians to Shape the Future of Healthcare
Dr. Louis Krenn SPRINGFIELD, Mo., June 06, 2025 (GLOBE NEWSWIRE) -- The Dr. Louis Krenn Medical Scholarship announces a new opportunity for undergraduate and medical students across the United States to advance their journey toward a career in medicine. This prestigious one-time award, established by Dr. Louis Krenn, a distinguished Family Medicine physician, aims to support the next generation of healthcare professionals who demonstrate a commitment to service, innovation, and compassion. The scholarship, open to students nationwide, invites applicants to share their vision for the future of medicine through a thought-provoking essay. The Dr. Louis Krenn Medical Scholarship seeks to recognize students who view medicine as more than a profession but as a calling to make a meaningful impact. Eligible applicants must be current undergraduate or medical students in the United States actively pursuing a career in medicine, either on a pre-med or medical school track. To apply, candidates are required to submit an original essay of 500–800 words responding to the prompt: 'Medicine is more than a career—it's a calling. What inspired you to pursue a path in healthcare, and how do you hope to shape the future of medicine through your work?' Essays will be evaluated based on originality, depth of reflection, and alignment with the values of service, innovation, and compassion that define Dr. Louis Krenn's legacy. Dr. Louis Krenn, a seasoned physician with over two decades of experience, established this scholarship to inspire and support students who share his dedication to advancing healthcare. Dr. Louis Krenn has held various leadership roles, including Medical Director of Ambulatory Clinical Efficiency, Chief Medical Information Officer, and Director of Telehealth. His work has focused on improving clinical workflows and expanding telehealth access, reflecting his commitment to innovation in patient care. Beyond his clinical and leadership roles, Dr. Louis Krenn is a passionate educator, having mentored countless medical, nursing, and physician assistant students. The scholarship reflects his mission to foster the growth of future physicians who will lead with compassion and drive progress in the medical field. The application process is straightforward, encouraging students to articulate their motivations and aspirations in healthcare. The deadline for submissions is March 15, 2026, with the winner announced on April 15, 2026. The selected recipient will receive a one-time award to support their educational journey. Detailed application instructions and eligibility criteria are available at The Dr. Louis Krenn Medical Scholarship stands as a testament to the importance of nurturing talent in healthcare. By offering this opportunity, the scholarship aims to encourage students to pursue their dreams in medicine while contributing to a brighter, more compassionate future for the industry. Interested applicants are encouraged to visit the official website to learn more and submit their essays. This initiative not only honors Dr. Louis Krenn's contributions to medicine but also invests in the potential of students who will shape the healthcare landscape for years to come. About the Dr. Louis Krenn Medical Scholarship The Dr. Louis Krenn Medical Scholarship is dedicated to supporting undergraduate and medical students pursuing careers in medicine. Founded by Dr. Louis Krenn, the scholarship promotes the values of service, innovation, and compassion in healthcare, aiming to inspire the next generation of physicians to make a lasting impact. For more information, please contact: Spokesperson: Dr. Louis Krenn Organization: Dr. Louis Krenn Scholarship Website: Email: apply@ A photo accompanying this announcement is available at in to access your portfolio
