NEWS

January 29, 2019

NOTE: Article was written prior to Govt. shutdown being lifted. 

With each new day of the government shutdown, hundreds – as many as 300 a day – small business owners are left without a crucial course of capital. And the backlog is getting bigger by the day.

The Small Business Administration halted its program supporting 7(a) loans for working capital and 504 loans for commercial properties on December 22, the day the government shutdown began. Usually, the SBA manages about 200 loans for working capital and 120 loans for commercial properties per day, amounting to roughly $200 million worth of loans every day for small and midsize businesses. Currently, only funds for disaster-related loans remain active. As the longest government shutdown in U.S. history drags with no clear end in sight, small business advocates are urging the President to restart the SBA's lending program.

"It is important that small businesses who apply for loan guarantees that they are able to get their money," Nydia M. Velázquez, chairwoman of the House Committee on Small Business told The Washington Post. "This is going to have a direct impact on the operation of their businesses."

Linda McMahon, head of the Small Business Administration, has plans to expedite loans as soon as the government reopens.

SOURCE: Inc.com, 1/14/19

Document, document, document – you’ve heard it a thousand times. But let’s be honest: There are many state, local and federal reporting requirements and regulations that it’s hard to keep up with them all, around the real work of finding clients and fulfilling orders.  Small business owners tend to spend first, and document later. There’s no shame in that; it’s more common than you might think. But failure to document can be a real problem when it comes to things like mileage deductions and business expense
January 18, 2016

Document, document, document – you’ve heard it a thousand times. But let’s be honest: There are many state, local and federal reporting requirements and regulations that it’s hard to keep up with them all, around the real work of finding clients and fulfilling orders.

Small business owners tend to spend first, and document later. There’s no shame in that; it’s more common than you might think. But failure to document can be a real problem when it comes to things like mileage deductions and business expenses.

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.  Most customers are pretty predictable. It may take them a while to pay – which is why it makes sense to factor your accounts receivable – they can usually be relied on to pay within a few weeks of receiving an invoice.  And then there are the exceptions. It could be a big client that stretches out payments because they can. Some large corporations
January 11, 2016

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.

Most customers are pretty predictable. It may take them a while to pay – which is why it makes sense to factor your accounts receivable – they can usually be relied on to pay within a few weeks of receiving an invoice.

When you transform accounts receivable to cash with TBS Capital Funding, you get much more than fast cash. You get a whole team of small business experts dedicated to making your life easier so you can focus on growing your business.  Here are a few ways we’re making a difference for our clients, every day:  COLLECTIONS Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.  CREDIT PROTECTION We know c
January 05, 2016

When you transform accounts receivable to cash with TBS Capital Funding, you get much more than fast cash. You get a whole team of small business experts dedicated to making your life easier so you can focus on growing your business.  Here are a few ways we’re making a difference for our clients, every day:

COLLECTIONS

Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.

CREDIT PROTECTION...

Starting a business is tough. Growing one is tougher. There are so many things you have to worry about: from hiring the right people to sweating out a slow-paying client. Here are some familiar refrains we’ve heard from small businesses, and how we’ve been able to send them on their way, whistling a happier tune.  Strapped? Having enough cash to cover the bills is critical. In order to head off this problem, a lot of small businesses owners think they need to have a rich uncle, or be willing to work an extr
January 01, 2015

Starting a business is tough. Growing one is tougher. There are so many things you have to worry about: from hiring the right people to sweating out a slow-paying client. Here are some familiar refrains we’ve heard from small businesses, and how we’ve been able to send them on their way, whistling a happier tune.

Strapped? Having enough cash to cover the bills is critical. In order to head off this problem, a lot of small businesses owners think they need to have a rich uncle, or be willing to work an extra...

Like many college-bound students, Wood Kaufman had no idea what he wanted to do when he got out of high school. He selected his major for its practicality. He thought studying finance at the University of Arkansas would actually land him a real job – and it did with Bear Stearns in Dallas.    Little did he know that one day he’d be using that finance degree to help others chase their entrepreneurial dreams.    In 1997, Kaufman quit his job and moved to Oklahoma City to help his father’s business, Truckers B
October 29, 2015

Like many college-bound students, Wood Kaufman had no idea what he wanted to do when he got out of high school. He selected his major for its practicality. He thought studying finance at the University of Arkansas would actually land him a real job – and it did with Bear Stearns in Dallas.

 

Little did he know that one day he’d be using that finance degree to help others chase their entrepreneurial dreams.

 

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