TBS is here for you with funding solutions in this difficult time. Learn More
Newsroom
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.
In normal economic times, factoring has long appealed to certain fleets, especially small ones that have trouble keeping a steady flow of collections.
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.
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.
Pandemic Protection Program Offers 2.5% Rate, No Origination, and No UCC Filing Fee
In normal economic times, factoring has long appealed to certain fleets, especially small ones that have trouble keeping a steady flow of collections.
DT On Call is an on-demand video interview series hosted by Viji Davis, DialogTech’s SVP of Marketing. In this series, Viji chats with business leaders, marketers, innovators, and all-around interesting people.
The COVID-19 pandemic has been an especially confounding event for independent truckers. I had a conversation yesterday with TBS Factoring Service President Jennifer Lickteig.
Virginia using weigh stations for truck parking, Indiana launches temporary program for food trucks at rest areas, Love’s donates $100k to trucker charity, TBS hosting COVID-19 webinar for truckers, and Choice Hotels offering discounts for truckers
This in-depth discussion of the impacts coronavirus is having on trucking. Fleet and industry executives will discuss best practices, guidelines and tips for helping you maintain operations.
Pages
For information contact:
Brooke Green
Director of Marketing
TBS Factoring
(800) 207-7661