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.

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.

 

Bryan Riordan* is having a bad day. He has been a small business banker for most of his career.  Came up through the ranks at a time when a handshake was as good as a signed contract.    Banking has changed a lot since he joined the industry more than 30 years ago, and not all of it for the better, in his opinion. He doesn’t have nearly as much discretion in to whom he can lend. And the hoops he has to jump through to keep the regulators happy. Sometimes it feels as if he works for the regulators, not the b
October 21, 2015

Bryan Riordan* is having a bad day. He has been a small business banker for most of his career.  Came up through the ranks at a time when a handshake was as good as a signed contract.

 

Banking has changed a lot since he joined the industry more than 30 years ago, and not all of it for the better, in his opinion. He doesn’t have nearly as much discretion in to whom he can lend. And the hoops he has to jump through to keep the regulators happy. Sometimes it feels as if he works for the regulators, not the bank, or its customers.

 

Today is one of those days....

October 21, 2015

For business owners, the promise of getting working capital without taking on debt or giving up equity may sound too good to be true. But the promise is real, and it can be realized with the simplest of transactions.

 

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