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.

November 15, 2016

New or old, big or small, every business faces the challenge of finding well-qualified prospects. The easiest ways to generate leads are often the simplest, most obvious, and all too often, most overlooked. Use these four easy tips to put leads in the pipeline.

Understand their Needs

The key to generating leads is appealing to the needs of your target audience. Each potential customer is on a journey. They have identified a problem and are actively seeking solutions. If you tailor your messaging to address their journey and solve their problems, you’ve put...

Avoid an Awkward Thanksgiving Dinner
November 11, 2016

With TBS Capital Funding, business owners receive payments for their invoices upfront. That accelerated cash flow gives you money to pay employees, upgrade equipment and grow your business. If you need instant cash to fund operations, you could call TBS at 888-707-5188 to get started. Or… you could borrow money from your Great Aunt Carol.

 

She’s a cheek-pincher. And a penny-pincher too. She gives you 5 grand. You need 50, but you take what you can get. The loan helps, and your business is booming. Your bottom line is looking up. Then, you remember…

 

Factoring Personified: A Face-to-Face Look at Invoice Purchasing
October 25, 2016

Factoring. It’s when a business sells its invoices to a third party for immediate cash. It’s not a loan. It’s an easy, flexible cash flow solution. Factoring helps companies acquire same-day cash to fund business operations.

 

It’s simple, really. But to help simplify it even more, we want you to imagine factoring as a person.

 

Meet Joe Factoring.

 

October 15, 2016

Boom. You started a business. Now, want to really make it boom? Use these three simple marketing tips to expand your audience, improve your brand and increase your sales.

 

Develop an Attractive Website.

A polished website is a 24/7 sales machine. Almost everyone uses the internet to look up or check out potential service providers prior to making a purchase, so your website is often the first thing people see. If you have an outdated, unappealing site, visitors could lose confidence in the quality of your business.

 

The Tortoise and the Hare: Slow-Paying Clients and Factoring
October 05, 2016

The tortoise. Nature’s yellow light. He’s calm, quiet and cautious. And he’s not just slow — he’s slothful. His walk is a crawl, and he sprints in slow motion. To the tortoise, time is never of the essence.

 

Sometimes, clients are a lot like tortoises… especially clients on fixed-payment schedules. With net-30 and net-60 payment terms, they’re never in a hurry to pay you. They just stick to their slow-and-steady schedule. Clients like these can be challenging to work with, and they can obstruct your cash flow. An insufficient flow of funds could negatively impact your...

Pages

Subscribe to Blog RSS Feed

Search form