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.

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.

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

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.