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TBS Factoring Service Invoice Factoring Review
TBS Factoring Service is an invoice factoring company that was founded in 2003. They focus exclusively on the trucking industry and are based in Oklahoma City, OK. In addition to invoice factoring, they offer credit reports, roadside assistance, and fuel card programs for their clients.
One of TBS Factoring Service’s strongest advantages is they provide non-recourse funding, which means that there’s no risk of a chargeback if your client doesn’t pay their invoice. Non-recourse factoring provides a more secure revenue stream that recourse factoring, making it preferable in almost every instan
TBS Factoring Service is also strong in that they offer 24 hour funding, which ensures that your business will have the resources on hand to grow your business, complete projects, and meet your payroll obligations, which can be a burden for some businesses.
Finally, they offer some of the highest adavance rates in the industry, as much as 95%. This lets companies get more money into their buessiness faster so that they can focus on growing rather than collecting.
However, there are some issues with TBS Factoring Service. The first is they don’t have much or any information on their site regarding pricing on contract information. As a result you’ll have to get in touch with them if you’re considering their factoring services. much or any information on their site regarding pricing on s that lack transparency are moer likely to have customer service satisfaction issues. s that lack transparency are more likely to have customer satisfaction issues.
TBS Factoring Service also loses points because they have higher fees than most of the other invoice factoring companies we researched. This can be a deal breaker for many business that are looking to invoice factoring because they have a problem with cash-on-hand.
Finally, they don’t have a very good website, which is a red flag in today’s internet-obsessed culture. Oftentimes we found that a slow or bad website corrosponds to lower marks for customer service and satisfaction.
TBS Factoring Service are doing some good things in the invice factoring industry. They aren’t one of the best yer, but some more pricing transparency would go a long way in helping them move up.