TAB Bank

What TAB Bank does

TAB Bank (legal name Transportation Alliance Bank, Inc.) is a privately held, FDIC-insured online bank founded in 1998 and headquartered in Ogden, Utah. The bank operates with no physical branches and serves small and mid-size businesses, families, and individuals nationwide across all 50 states. Its core focus is on trucking and transportation companies, a niche it has occupied for nearly 27 years, while progressively broadening into general SMB lending and consumer deposit products.

TAB Bank's product portfolio spans two segments. Personal Banking includes TAB Save high-yield savings, TAB Spend rewards checking, money market accounts, certificates of deposit, and TAB Chrome Checking, a specialized trucker-friendly account that accepts ComData, T-Checks, and EFS payments. Business Banking includes asset-based lending (ABL), accounts receivable financing, equipment financing for commercial trucks and trailers, business term loans, lines of credit, invoice factoring (including specialized freight factoring), commercial real estate financing, and a Business Banking Suite that bundles treasury management. The bank also operates a FinTech Partners Program that provides Banking-as-a-Service API integrations (white-labeling deposit insurance, regulatory infrastructure, and credit platforms) and a Broker Partnership Program for referral-based origination. Underlying technology includes a digital banking platform with mobile applications and open-banking data access capabilities modeled after EU standards.

Revenue is generated primarily through net interest income on a $1.2 billion loan portfolio (asset-based lending, factoring, equipment financing, commercial real estate), factoring transaction fees typically around 3.5% of invoice value plus ancillary fees, deposit spread on savings/checking/CD accounts, and fee income from the FinTech Partners BaaS program. Go-to-market combines regional field sales (six VP-led US territories plus an inside sales team) targeting companies with $2M-$150M annual revenue, digital self-serve onboarding for consumer deposits, broker/referral channels, and fintech partner integrations. Quarterly origination volume has run $57M-$103M across 145-400 deals per quarter through 2024-2025, with total assets reaching $1.6 billion by September 2024.

Name

TAB Bank

Legal name

Transportation Alliance Bank, Inc.

Website

https://tabbank.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

TAB Bank is a privately held FDIC-insured online bank founded in 1998, headquartered in Ogden, Utah, providing asset-based lending, factoring, equipment financing, and deposit products to small and mid-size businesses (especially trucking/transportation), families, and individuals nationwide.

Ownership category

akta.pro rank

Product category

Small Business & Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

Keywords

• Small business lending
• Asset-based lending
• Invoice factoring
• Equipment financing
• Online banking

Headquarters

HQ city

Ogden

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income from Lending: TAB Bank generates revenue primarily through interest income from its loan portfolio, including asset-based lending, equipment financing, accounts receivable financing, factoring, and commercial real estate loans. The bank reported a loan portfolio of $1.2 billion.
2. Factoring Fees: Invoice factoring services charge fees typically around 3.5% of invoice value, plus additional fees such as administrative fees, monthly minimum fees, and early termination fees. TAB Bank specializes in freight factoring for the trucking industry.
3. Asset-Based Lending: Secured lending against collateral such as equipment, inventory, accounts receivable, or other business property. Provides working capital facilities to businesses.
4. Deposit Services: Personal and business deposit accounts including high-yield savings, checking with rewards, money market accounts, and certificates of deposit. Interest paid to depositors, with spread retained by bank.
5. Equipment Financing: Financing for commercial trucks, trailers, and other business equipment with the equipment serving as collateral.
6. FinTech Partnership Services: Banking-as-a-Service offerings where TAB provides infrastructure (deposit insurance, regulatory expertise, credit platforms) to non-bank fintech partners, generating fees for white-label banking services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

TAB Bank is a technology-driven online bank that provides deposit products (high-yield savings, rewards checking, money market, CDs) to individuals and families, alongside specialized commercial lending products to small and mid-size businesses, including asset-based lending, accounts receivable financing, equipment financing, factoring (with a focus on freight/trucking), term loans, lines of credit, and commercial real estate financing. The bank also operates a Banking-as-a-Service partner program for fintech companies and a broker/referral partnership program.

Product overview

TAB Bank is a technology-driven, online bank offering a unified platform of deposit and lending products serving small businesses, families, and individuals nationwide since 1998. The product portfolio comprises two main segments: Personal Banking (TAB Save high-yield savings, TAB Spend rewards checking, money market accounts, CDs, and TAB Chrome Checking for truckers) and Business Banking (Asset-Based Lending, AR Financing, Equipment Financing, Business Term Loans, Lines of Credit, Invoice Factoring for business and trucking, Commercial Real Estate, and the Business Banking Suite combining treasury management services). The bank also offers ancillary programs including a Broker Partnership Program for referral partners, a FinTech Partners Program enabling Banking-as-a-Service integrations, and TAB Insurance. TAB Bank has roots in the transportation industry and maintains specialized expertise in trucking equipment financing and freight factoring, while expanding its digital banking capabilities to serve broader markets.

Differentiator

Problem solved

Functional benefit

Products and services

• TAB Save (High-Yield Savings) A high-yield bank account offering competitive interest rates for personal savings, designed to help customers securely grow their money with online access.
• TAB Spend (Rewards Checking) A personal checking account offering both cash-back rewards and a competitive interest rate, providing quick access to funds.
• Money Market Account A savings and money market account providing competitive rates and flexible access to funds for personal banking customers.
• Certificates of Deposit (CDs) Time deposits offering steady, reliable growth over time with sustainable returns and various term options for individual customers.
• TAB Chrome Checking A specialized checking account designed for truckers, enabling easy deposits of ComData, T-cheks, and EFS payments with features tailored to the trucking industry.
• TAB Insurance Insurance products offered through partnership to provide comprehensive coverage options alongside TAB Bank's banking services.
• Asset-Based Lending (ABL) Secured lending that gives companies access to working capital using collateral such as accounts receivable, equipment, and inventory, targeting businesses with lower interest rates due to collateral protection.
• Accounts Receivable (AR) Financing Financing that allows businesses to use unpaid invoices as collateral against a line of credit, with TAB monitoring outstanding accounts to determine appropriate line size as sales increase.
• Equipment Financing Financing solutions for purchasing commercial trucks, trailers, and other long-term physical assets necessary for business operations, with the equipment itself acting as collateral.
• Business Term Loans Small business loans designed to unlock opportunities and support growth, offering flexible terms for various business needs.
• Business Line of Credit Revolving credit facility allowing businesses to borrow as needed up to a set limit, paying interest only on amounts drawn.
• Invoice Factoring (Business) Financial service that converts invoices into cash by selling them at a discount to TAB Bank, eliminating the waiting period between invoicing and payment receipt for B2B companies.
• Trucking Invoice Factoring Specialized factoring service for trucking companies that provides payment on the majority of invoice value, typically within 24 hours, helping truckers access cash quickly despite 30-, 60-, or 90-day standard processing times.
• Commercial Real Estate Financing Financing solutions for commercial real estate acquisitions, development, and refinancing, supporting business property needs.
• Business Banking Suite A comprehensive treasury management solution that creates custom financial solutions tailored to specific business needs, combining multiple banking services.
• Business Checking Business deposit account providing secure storage and easy access to business funds with competitive features for business operations.
• Business Savings and Money Market Accounts Business savings and money market deposit options providing interest-earning opportunities for business funds with varying liquidity options.
• Business Certificates of Deposit Time deposit accounts for businesses seeking guaranteed returns with fixed terms and competitive rates.
• Analyzed Checking Business checking account with analysis services to help businesses understand and manage their cash flow patterns.
• FinTech Partners Program (Banking-as-a-Service) Partnership program providing Banking-as-a-Service infrastructure, allowing fintech companies to white-label deposit insurance, regulatory expertise, and access to credit platforms.

Quantifiable outcome

• Loan portfolio grew 26% year-over-year to $1.2 billion
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• FinTech PartnerscoreTechnology or IntegrationTAB Bank maintains strategic partnerships with fintech companies through its Banking-as-a-Service API program. The bank provides white-label banking infrastructure including deposit insurance, regulatory expertise, and credit platforms to non-bank fintech partners seeking to offer banking products.
• Referral/Broker PartnerscoreChannel Partner/ Reseller/ DistributorPartnership program including banks, brokers, factors, business law firms, accounting firms, and turnaround advisors. Partners refer clients needing asset-based lending, factoring, or business banking services. TAB offers competitive commission for successfully funded referred deals.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Live Oak Bank: Online-only, niche-vertical commercial bank focused on SMB lending across industries like veterinary, healthcare, and agriculture. Closely comparable to TAB in its digital-first model, specialty lending focus, and SMB target market, though Live Oak is larger and more diversified across verticals.
• Triumph Financial: Transportation-focused bank whose Triumph Business Capital and TriumphPay units directly compete with TAB's freight factoring and transportation lending. Highly relevant as a like-for-like competitor in TAB's heritage trucking vertical.
• eCapital: Alternative finance provider specializing in ABL, factoring, and asset-based lending to SMBs across transportation, staffing, and manufacturing — directly overlapping with TAB's core product set and customer profile.
• Celtic Bank: Utah-based privately held industrial bank with a heavy FinTech partnership and BaaS program. Directly comparable in size, BaaS strategy, regulatory posture, and SMB/business lending focus.
• BlueVine: Online business banking platform offering business checking, lines of credit, and invoice factoring to SMBs. A direct competitor in digital-first SMB working capital and factoring, though BlueVine lends via partner banks rather than a chartered balance sheet.

Broad incumbents

• Axos Financial: Diversified online bank with consumer deposits, business banking, and a FinTech/BaaS program. Overlaps with TAB on digital consumer deposits and embedded banking services, but with a far larger balance sheet and broader product suite.
• Cross River Bank: New Jersey-chartered state commercial bank widely regarded as a leading BaaS/embedded finance provider. Comparable to TAB on FinTech partnership strategy and state-chartered commercial bank status, though Cross River is significantly larger and more fintech-centric.
• Enova International: Public online lender to SMBs and consumers, parent of OnDeck. Competes in the same digital SMB working capital and line-of-credit market that TAB serves, with broader geographic and product reach.
• LendingClub: Online marketplace bank offering consumer and SMB credit products as well as deposit accounts. Overlaps with TAB on digital deposit gathering and online SMB lending, though LendingClub's primary focus is consumer and small-business personal loans.
• Citizens Bank (commercial/SMB unit): Large regional bank with a significant commercial banking, asset-based lending, and equipment finance franchise (heavily expanded via the CIT acquisition). Competes with TAB in the same SMB ABL and equipment financing segments, but at materially greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tabbank
• YouTubeyoutube.com/user/TABBank
• Facebookfacebook.com/tabbank
• LinkedInlinkedin.com/company/1525456
• Instagraminstagram.com/tab.bank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments20 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TAB Bank