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.

You don't need an MBA to run a successful business. But even if you graduated magna cum laude, there are some incredibly important lessons that probably didn't make it into your curriculum. Okay, so they might not help you conquer the world. But they'll certainly help you dominate the competition. Let's take a look at three invaluable lessons your business professors never taught you.
May 04, 2016

You don't need an MBA to run a successful business. But even if you graduated magna cum laude, there are some incredibly important lessons that probably didn't make it into your curriculum. Okay, so they might not help you conquer the world. But they'll certainly help you dominate the competition. Let's take a look at three invaluable lessons your business professors never taught you.

Home is where the heart is. But for more than two thirds of all start-ups, home is also where the business is. Internet commerce and mobile technology have made it possible for entrepreneurs, and their workers, to survive and thrive, from the comfort of their own homes.  At this time of year, as thoughts naturally turn to hearth and home, your friends at TBS Capital Funding would like to remind you that your home office is a great tax deduction. The IRS offers two ways to calculate this deduction – the old
January 27, 2016

Home is where the heart is. But for more than two thirds of all start-ups, home is also where the business is. Internet commerce and mobile technology have made it possible for entrepreneurs, and their workers, to survive and thrive, from the comfort of their own homes.

If you started a small business in 2015, first of all: congratulations! Small business is the backbone of the American free-enterprise system. Economics is just a class you take in high school until you’ve overcome doubt and fear and put your own time, talent and treasure on the line.  The life of a business is full of milestones. For 2015 start-ups, one of those milestones comes with turning the calendar page over to January 2016. If you’ve never owned a business before, you may not be aware that any expen
January 22, 2016

If you started a small business in 2015, first of all: congratulations! Small business is the backbone of the American free-enterprise system. Economics is just a class you take in high school until you’ve overcome doubt and fear and put your own time, talent and treasure on the line.

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.

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