About TBS Factoring Service

Factoring is a transaction in which a business sells its account receivable, or invoices, to a third party commercial financial company, also known as a "factor." This is done so that the business can receive cash more quickly than it would by waiting 30 to 60 days for a customer payment. TBS's niche is transportation. Before a carrier transports/hauls a load, the factoring company makes sure the broker/shipper is creditworthy to pay the trucker's invoice. TBS purchases the invoice and advances the trucker up to 95% of the value of the invoice, less the discount.

We keep records of all payments and collect payments from the broker/shipper, so the trucker doesn't have to.

+ more

What employees say

“Everything. They are taking everyone's ideas and making processes better and more efficient.”
“What impresses me the most about TBS's efficiency is that everyone works as a team, meaning everyone has their hand in the product from start to finish.”
“The owners care about their employees. ”
“I am most impressed by the dedication of our company and everyone that works here. ”
“The way they go about business is very professional.”
Where to find TBS Factoring Service