What is TBS Factoring?
The TBS Family
TBS Factoring Service is headquartered in Oklahoma City and provides factoring services to the transportation industry. With over 50 years of experience, TBS makes trucking easier with cutting-edge technology and quality services.
What is trucking factoring?
Freight factoring, also called transportation factoring, trucking factoring, or freight bill factoring, is a process in which the person or business that delivers a load sells their invoice to a factoring company.
What do you need to open a factoring company?
- Factoring Application. An application is one of the most important requirements for invoice factoring. ...
- Accounts Receivable Aging Report. ...
- Copy of Articles of Incorporation. ...
- Invoices to Factor. ...
- Credit-worthy Clients. ...
- Business Bank Account. ...
- Tax ID Number. ...
- Personal Identification.
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