Newsroom

Newsroom

9
July
2020

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.

1
July
2020

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. She is a four-time CEO and her predecessor companies have earned prestigious awards including both Oklahoma SBA and National SBA Small Business of the Year, as well as being named The Department of Homeland Security National Small Business Person of the Year. Jennifer is a current SFNet Board Member.

1
July
2020

TBS Factoring is a leading provider of factoring services to companies in the transportation industry.

30
June
2020

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.

29
June
2020

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.

29
June
2020

In normal economic times, factoring has long appealed to certain fleets, especially small ones that have trouble keeping a steady flow of collections.

29
June
2020

With many small fleets and independent single-truck operators having suffered financially under the coronavirus-related economic restrictions, many face difficult decisions on dealing with excessive debt, as reported in the previous part of this series.

29
June
2020

Factoring competitors team up on ‘Pandemic Protection’ for new clients Freight factoring companies TBS Factoring Service and OTR Capital put their competitive interests aside with a limited-time rate and fee waiver to owner-operators and small fleet owners who aren’t currently factoring their receivables.

29
June
2020

Pandemic Protection Program Offers 2.5% Rate, No Origination, and No UCC Filing Fee

19
June
2020

In normal economic times, factoring has long appealed to certain fleets, especially small ones that have trouble keeping a steady flow of collections.

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For information contact:

Genie Wood
Director of Marketing
TBS Factoring
(800) 269-4106

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