TAB Bank Closes $13 Million Lender Finance Facility with Capital Foundry to Fuel Small and Middle-Market Business Growth
OGDEN, Utah, March 27, 2025 (GLOBE NEWSWIRE) -- TAB Bank closed a $13 million lender finance facility for Capital Foundry, a Pittsburgh-based specialty finance lender that provides a variety of debt and credit products as well as business consulting services to small businesses and middle-market companies. This addition to Capital Foundry resources will enable the firm to expand its lending capabilities and better serve businesses seeking financing to support growth and working capital needs.
Capital Foundry offers non-dilutive credit and debt solutions for underserved small and middle-market U.S.-based manufacturing, consulting and services industry companies. With expertise across multiple sectors, including a focus on energy services, the firm also offers business consulting services to help management teams achieve their growth, reorganization and capitalization goals.
'TAB Bank and Capital Foundry share a commitment to supporting businesses that often struggle to access flexible financing solutions traditionally offered by local and regional banks,' said Justin Hatch, Chief Lending Officer at TAB Bank. 'We look forward to our working partnership and empowering these businesses with the funding they need to succeed.'
'Capital Foundry is excited to partner with TAB Bank,' said Neal Shipley, CEO of Capital Foundry. 'TAB has exceptional customer service and attention to detail. It was a pleasure to work with their team, and we look forward to a wonderful partnership.'
TAB Bank provides customized financial solutions to help businesses thrive in competitive markets. With a range of services, including working capital facilities, term loans and equipment financing, TAB Bank delivers bold financial solutions that lift and empower businesses nationwide.
About TAB Bank
At 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.
Capital Foundry addresses the needs of underserved middle-market enterprises operating in a variety of places throughout a typical business cycle. CF has a demonstrated track record of success financing rapidly growing businesses, regardless of the sector, whose principal revenue source is not based in a traditional asset. Primarily, Capital Foundry is focused on receivable based securities, but has taken other assets as collateral and prides itself in providing flexible financing options for its clients. While being industry agnostic, Capital Foundry focuses the majority of its lending practice in the energy, health-care, technology, freight, and other service based industries.
Contact Information:
Trevor Morris
801-624-5172
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Private market push in focus as BlackRock hosts investor day
By Davide Barbuscia NEW YORK (Reuters) -BlackRock will hold an investor day on Thursday that is expected to provide insight into the asset management firm's strategic priorities and its growing focus on private markets. The world's largest asset manager, overseeing $11.58 trillion as of the end of the first quarter, last year expanded its presence in private markets through a series of acquisitions that BlackRock's boss Larry Fink said were transformational for the New York-based firm. BlackRock spent about $25 billion in 2024 on infrastructure investment fund Global Infrastructure Partners and private credit business HPS Investment Partners. It also struck a $3.2 billion deal to acquire UK data provider Preqin. That acquisition officially closed in March this year. "I think investors are going to want more granular details and more color on BlackRock's strategy to increase exposure to alternative assets," said Cathy Seifert, an analyst at CFRA Research who covers BlackRock. BlackRock declined to comment on the focus of its investor day. Private assets generate significantly higher fees than exchange-traded funds (ETFs), a core part of BlackRock's business through its iShares franchise. In his 2025 annual chairman's letter to shareholders, BlackRock's Chairman and CEO Fink said protectionism had returned with force as a result of a wealth divide that could be countered by offering more investors access to high-return private markets such as infrastructure and private credit. Ben Budish, an analyst at Barclays, said he expected updates from the company on potentially creating indexes based on private markets after the acquisition of private markets data provider Preqin. "Looking at what BlackRock did with iShares and ETFs, is there a way to do that with private markets? … I'm sure there's more details to come on that," he said. Private credit, where non-bank institutions lend to companies, has experienced significant growth in recent years due to stricter regulations that have increased the cost for traditional banks to fund higher-risk loans. But broader market volatility caused by U.S. President Donald Trump's aggressive stance on tariffs has led to slower dealmaking in private markets in general, raising some concerns there may be a mismatch between money available for private lending and not enough places to invest it. Investors may also look for any signs regarding succession at the firm. Fink, 72, has led BlackRock since co-founding it in 1988. A recent wave of senior executive departures has reignited speculation about his eventual successor, even as Fink has signaled no immediate plan to step down. "The firm would do itself a favor by highlighting the depth and breadth of their management bench, particularly since the company's business model is expanding and potentially becoming more complex," said Seifert.
New York Post
24 minutes ago
- New York Post
Silver Airways shutting down operations, leaving passengers stranded at Florida airports
Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean. 'Please do not go to the airport,' the Hollywood, Florida-based company posted on its website. The statement said Silver had sold its assets through the Chapter 11 bankruptcy proceeding to a holding company that 'unfortunately has determined to not continue Silver's flight operations' that served five Florida cities and 11 island destinations. Advertisement A general view of a Silver Airways airplane as seen at Tampa International Airport in Tampa, FL on Aug. 29, 2024. Christopher Sadowski Passengers can seek refunds through their credit card issuer or travel agency, the Silver statement said. Silver's fleet had been reduced to just eight ATR turboprop planes and its workforce cut from 608 to 348 pilots, flight attendants and ground workers, according to the company. Advertisement Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas, and the Caribbean. Silver Airways An email to employees from Silver's CEO said most of those jobs will be eliminated. Silver Airways began operations in 2011 and once served 28 destinations. A subsidiary based in Puerto Rico, Seaborne Airlines, will continue to operate in the Caribbean.
Yahoo
25 minutes ago
- Yahoo
Codeproof Technologies Revolutionizes Device Management with Zero-Touch Enrollment for Android and iOS
New feature eliminates manual setup, enhances security, and simplifies bulk device enrollment for businesses SUNNYVALE, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- Codeproof Technologies Inc., a leading provider of modern Unified Endpoint Management (UEM) and cybersecurity solutions for small to mid-size businesses (SMBs) across the U.S. and Canada, today announced Zero-Touch Device Enrollment for its Codeproof Cyber Device Manager MDM. The new feature enables seamless, automated onboarding of Android (via Zero-Touch Enrollment) and iOS (via Apple Business Manager) devices—eliminating manual setup, QR code scanning, or technical expertise. By simply uploading IMEI or serial numbers, SMB IT admins can now deploy company devices effortlessly, reducing downtime and complexity for teams with limited technical resources. With Zero-Touch Enrollment, IT administrators can now: Automate Device Onboarding: Enroll devices in bulk by uploading IMEIs (via Google's Android Zero-Touch Portal) or serial numbers (via Apple Business Manager). Eliminate QR Code Hassles: MDM configurations are pushed directly to devices, removing dependency on physical scans. Prevent Data Loss with Factory Reset Protection (FRP): Even after a factory reset, devices automatically re-enroll in MDM, ensuring corporate data security and continuous GPS tracking. Centralize Management: The Codeproof Admin Console syncs with zero-touch portals, allowing real-time policy enforcement and configuration updates. "With MDM software deployment via IMEI or serial numbers, IT teams can remotely secure and manage work phones—zero physical handling required," said Satish Shetty, CEO of Codeproof Technologies. "As an official T-Mobile reseller, we enable businesses to provision devices straight out of the box, eliminating setup delays while ensuring instant security compliance." Why Zero-Touch Enrollment Matters For enterprises, schools, and government agencies managing large fleets of devices, manual enrollment is time-consuming and error-prone. Codeproof's Zero-Touch solution ensures:✔ Faster Deployment – Set up hundreds of devices in minutes.✔ Stronger Security – Prevents unauthorized access with enforced MDM policies.✔ Lower IT Overhead – Reduces on-site IT intervention. About Codeproof Technologies Inc. Codeproof Technologies Inc. is a leader in cybersecurity and mobile device management (MDM), delivering innovative SaaS solutions that help organizations secure and manage endpoints with ease. Through strategic partnerships with T-Mobile for Business, Verizon, and leading telecom providers, Codeproof ensures seamless integration and enterprise-grade security for businesses worldwide. Learn more or request a demo: sales@ (2963) Media Contact:press@ A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
