Transportation Alliance Bank, a subsidiary of Flying J Inc., announced Friday, Aug. 1, that it has provided a $7 million working capital line to DriverTech.
“TAB is very pleased to provide $7 million working capital facility to DriverTech, a fast growth company and leading innovator of mobile computing and mobile-com services to the transportation industry,” says JJ Singh, president and chief executive officer of Ogden, Utah-based TAB. “The technology platform provided by DriverTech is game-changing and enables DriverTech to provide mobile computing and communication solutions that are not currently provided by its competitors.”
“We are very pleased to have TAB as our bank as we continue to rapidly grow our business,” says Mark Haslam, DriverTech CEO. “TAB’s unprecedented knowledge of the industry provides DriverTech with a banking relationship where there is a full understanding of our business and customer needs and therefore provides a firm foundation for a long-term relationship between DriverTech and TAB. We believe this is especially beneficial for our customers because TAB understands this market and has confidence in its long-term prospects.”