TBS Factoring Service announced that it is expanding beyond its transportation roots to serve a broad range of businesses in the United States through TBS Capital Funding, a newly formed subsidiary.
TBS Capital Funding will be headed by Senior Vice President Darla Auchinachie, an industry veteran with more than 20 years experience in general factoring. Auchinachie joins TBS from the International Factoring Association, where she served as director of development. Auchinachie began her factoring career in 1992 as a collateral analyst with First Capital Corp., where she helped establish a factoring division. She has worked in various executive and consulting roles in commercial finance, focusing on best practices in portfolio management.
“Cash flow is critical to the success of small businesses,” Auchinachie said. “TBS Factoring Service has had great success serving the cash flow needs of transportation clients and I am looking forward to replicating that success across the small business spectrum.”
Founded in 2004, TBS Factoring Service today is the largest small-business factor in Oklahoma, even with its focus on transportation. By offering its services to a broader range of businesses, the company hopes to serve a niche that has been traditionally underserved by traditional lenders.
“TBS Factoring Service has always been a family business serving family businesses, and with a customer satisfaction rating of more than 97 percent, our clients are raving fans,” said TBS owner Wood Kaufman. “With the financial resources and service infrastructure we’ve built over the past decade, we felt the time was right for us to expand our definition of family beyond transportation to meet the broader needs of entrepreneurs, the backbone of American enterprise.”
The TBS family-ownership group has over 50 years experience serving the business and financial needs of small business. TBS Factoring Service, LLC, a freight bill factoring company created in 2004, and based in Oklahoma City, is one of the nation’s leading providers of simple and flexible cash flow solutions for independent trucking companies. TBS Capital Funding serves the financial needs of a broad spectrum of businesses. Founded in 1968 as Truckers Bookkeeping Service, the family-owned company provided permitting and fuel tax reporting services. In 1998, the company began offering truck insurance through TBS Insurance Agency. In 2013, TBS expanded its service offering to include compliance review and audit.