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TBS Factoring Service, LLC, passes $1 billion milestone

Posted by Genie Wood on Thu, Sep 26, 2013 @ 01:09 PM

After opening in 2004, TBS Factoring Service, LLC, recently passed a major milestone – surpassing $1 billion worth of freight-factored invoices.

This is a considerable marker for TBS, which provides cash to independent truckers and small trucking companies by buying their invoices at a marked-down price. This immediate cash flow can help these smaller businesses from facing detrimental financial problems and grow their businesses, especially when parties that owe them money fail to provide payment.

According to Wood Kaufman, TBS founder and CEO, “We are proud of this important milestone because it reflects our continued commitment to American small businesses. Our success is built on friendly, personal service and a customer base that knows it can count on us. In fact, our clients give us a 98 percent satisfaction rating, and that shows in our own results.”

TBS works to help small and independent truckers stay afloat and increase their business by providing a variety of financial solutions, from buying invoices to selling discount fuel cards. Find out more about our services and how we can help your trucking company financially, call 800-207-7661.

Tags: TBS Factoring Service, company news, trucking factoring