NEWS

November 27, 2018

TBS is on a roll. The Oklahoma City-based provider of small business funding solutions surpassed $1 billion in annual funding for the first time since it entered the business in 2004.

“Our unprecedented growth over the past 10 months is both a testament to our ongoing investment in technology to serve our clients better, and our commitment to being a happy workplace,” said Jennifer Fogg, president of TBS. “When our associates enjoy coming to work, that reflects in the way they serve our clients. It reverberates outward.”

A significant portion of that growth came from TBS Capital Funding, which experienced a 69 percent year-over-year increase in funding requests, due primarily to an increase in bank referrals and a recently launched Payment Accelerator program for construction subcontractors, created to add stability to the construction supply chain.

According to the U.S. Small Business Administration, small businesses account for almost two-thirds of net new private sector jobs, almost half of private sector employment, and more than 40 percent of high-tech jobs.

Small businesses are critical to the U.S. economy. And yet, according to the U.S. Census, half of all new small businesses fail within the first five years. Businesses fail for a lot of reasons, but usually it boils down to cash flow.

TBS has invested heavily in technology to eliminate friction in the funding process. In the past 10 months, the company has helped thousands of entrepreneurs beat the odds by providing immediate cash to meet payroll, pay suppliers, and grow, without the stress of waiting to get paid for work already performed.

October 26, 2018

The unofficial “uniform” for Bay Area techies and venture capital investors is a vest, so the Japanese small business Uniqlo is cashing in with a vest vending machine at the San Francisco International Airport.

October 26, 2018

“I now, in front of the ENTIRE UNIVERSE, pronounce you husband and wife.”

October 26, 2018

Tired of hitchhiking, two Ohio men hopped a moving train, but more than 50 miles later, the train hadn’t slowed down enough for them to hop off so they called 911.

October 26, 2018

In Didcot, England, known as the country’s “most normal town,” one resident creatively tried to change people’s perceptions with additions to road signs along local highway A4130.

October 26, 2018

An Eastern Michigan University student filled a pothole in Trenton with a whole box of Lucky Charms and a gallon of milk.

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