FACTORING COMPETITORS TBS AND OTR TEAM UP TO HELP TRUCKERS

FACTORING COMPETITORS TBS AND OTR TEAM UP TO HELP TRUCKERS

Submitted by bjmartin on Mon, 06/29/2020 - 9:26am

OKLAHOMA CITY AND ROSWELL, GA — In hard times, it is important that everyone do their part. President Harry S.
Truman famously said, “It’s amazing what you can accomplish if you don’t care who gets the credit.” In that spirit of
teamwork, freight factors TBS Factoring Service and OTR Capital are setting their competitive interests aside to offer a
special limited-time rate and fee waiver to owner-operators who aren’t currently factoring their receivables. This limited
time program is offered in addition to their individual existing programs.

The Pandemic Protection Program, available only to new customers and those that are not currently factoring, offers a
non-recourse flat rate of 2.5 percent (no matter how long it takes to get paid), with no UCC filing fees, no origination fees or
hidden costs of any kind. No strings attached and no minimums required. The promotional rate runs through September
15th, 2020.

As the economy continues to react to COVID-19, truckers who don’t factor now are taking on more risk than ever.
“Factoring now, even when a driver doesn’t need it, just makes sense in this economy because it takes the risk of nonpayment
off the table,” said Jennifer Lickteig, CEO of TBS Factoring.

“With so many of our friends in the trucking community hurting right now, we knew we had to take extraordinary measures
to do everything we could to ease their burdens,” said Fritz Owens, CEO of OTR Capital.

Truckers can access the special rate by calling 877-672-3713, or visiting www.TBSfactoring.com/OTR

About TBS Factoring Service:

With more than 50 years of experience serving motor carriers, TBS Factoring Service makes trucking easier with
technology and services to help drivers get established, stay compliant, find loads and get paid faster. Based in Oklahoma
City and voted one of the best places to work in Oklahoma, the TBS family of companies is driving change for small
businesses with its commitment to digital transformation.

About OTR Capital:

Established in 2011, OTR Capital, LLC is a transportation-focused factoring company dedicated to offering exceptional
value for our clients by providing industry leading financing and back office solutions. For years, OTR Capital has been
working with trucking companies to solve cash flow problems delivered through a blend of outstanding customer service
and tech-driven efficiencies, while maintaining a culture that provides the opportunity for employees to achieve greatness.
As a testament to its growth, OTR Capital has been named in the Inc. 5000 and is a ranked AJC Top Workplace in (2017,
2018, 2019, 2020) by the Atlanta Journal Constitution.

For information contact:

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

Copyright  ©2020 TBS Factoring, all rights reserved.