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FleetOwner spoke to TBS Factoring CEO Jennifer Lickteig to discuss the company's Pandemic Protection Program and how factoring has helped the trucking industry since the 1960s.
The Journal Record and the Best Companies Group have teamed up for the fourth year to honor Oklahoma businesses and organizations excelling in creating quality workplaces. Companies are selected based on employee interviews and a look at their workplace policies, practices and demographics.
Great leaders get great results. Exceptional leaders empower others to someday replace them, knowing that their greatest success lies in the next generation of leaders they inspire.
TBS Factoring Service congratulates CEO Jennifer Lickteig on being honored as one of “Oklahoma’s Most Admired CEOs” by The Journal Record, Oklahoma City’s leading business news publication.
Secured Lender Magazine, the official magazine of the Secured Finance Network, asked TBS CEO Jennifer Lickteig to share her success secrets with up-and-coming female finance leaders.
One of the most difficult things about owning and operating a small trucking business is cash flow. Company drivers and owner-operators who are leased to carriers benefit from a regular settlement check. Whether the cash comes weekly, bi-weekly, monthly or on some other schedule, it arrives somewhat regularly.
Jennifer Lickteig is the CEO of TBS Factoring, LLC and TBS Capital Funding. During her tenure with TBS, the company has achieved more than $3 billion in sales (more than the combined total of its previous 47-year history) as it provides factoring, receivables financing and alternative lending platforms from its Oklahoma City headquarters to small businesses and truck drivers across the United States and Canada.
TBS Factoring is a leading provider of factoring services to companies in the transportation industry.
My grandfather Lee invented the plastic charge card. It’s a fun story to tell and an easy win for every “two truths and a lie” icebreaker I have participated in. And while there is no lasting monetary value to me from his idea, for most of my adult life it has provided a thematic undercurrent to many professional endeavors and set an important tone to decisions I’ve made about our business and why we do the things we do.
When Chris Fann received a $150,000 cash advance to rent 10 Penske trucks, he repaid the money in six to eight months, then borrowed from a different lender to get 10 more trucks. By 2017, he was leasing 24 Penske trucks.