Tbs Factoring
How we got $144.6M
Based on 113 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
- Headcount down 54% since 2022 (retirement plan filings)
- Acquired by Love's Financial (2025)
From public records and the company's website, not a statement that it's for sale.
What they do
TBS Factoring is a freight factoring company headquartered in Oklahoma City that provides factoring services to the transportation industry, helping truckers and freight brokers get paid faster for delivered loads.
From the company's website. Industry: Other Nondepository Credit Intermediation.
Ownership & transactions
- Acquired by Love's Financial · Dec 2025Love's Financial acquired TBS Factoring Service, an Oklahoma City factoring company, as announced December 22, 2025.Source
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Groendyke Transport, Inc. · Enid, 61 mi · $278.5M
- HOBBY LOBBY STORES INC · Oklahoma City, 9 mi · $174.1M
- Freymiller Inc. · Oklahoma City, 7 mi · $171.8M
- STEVENS TRUCKING CO · Oklahoma City, 9 mi · $80.7M
- COLDIRON SPECIALIZED DRIVEAWAY INC · Oklahoma City, 13 mi · $72.8M
Estimated value over time
▼ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 44% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 202 | $58.6M |
| 2021 | Form 5500 | 224 | $65.0M |
| 2022 | Form 5500 | 244 | $70.8M |
| 2023 | Form 5500 | 186 | $54.0M |
| 2024 | Form 5500 | 113 | $32.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Tbs Factoring this business | $67.4M | — |
| PENNY LIGHTING SALES INC Oklahoma City · 2 employees | $1.2M | 1.6 mi |
| THE HAPPY HOCKER INC. Oklahoma City · 3 employees | $1.5M | 1.6 mi |
| FREEDOM PAWN LLC Oklahoma City · 2 employees | $657K | 2.0 mi |
| CASH WORLD, INC. Oklahoma City · 9 employees | $4.4M | 3.8 mi |
| CASHLAND HOLDINGS, LLC Oklahoma City · 35 employees | $11.1M | 5.0 mi |
| SOONER STATE PAWN LLC Oklahoma City · 5 employees | $1.9M | 5.5 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $144.6M |
| Multiple for this size and industry | 7.5× |
| Value range | $92.6M – $260.3M |
| Employees in its retirement plan (2024 Form 5500) | 113 |
| Industry revenue per employee | $290K |
| Revenue = employees × revenue per employee | $67.4M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $19.3M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $53.9M – $101.0M |
| EBITDA range | $15.4M – $28.9M |
| Industry (NAICS) | Other Nondepository Credit Intermediation (522294) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Leadership
- KWKristina WilliamsSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- AccountingForvis Mazars, LLPAudits its 401(k) plan (2024 filing)
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tbs Factoring
Tbs Factoring is an other nondepository credit intermediation company in Oklahoma City, Oklahoma, in business since 2004. Its estimated annual revenue is about $67.4M, with roughly $19.3M of EBITDA. It has about 113 employees. Its estimated business value is $144.6M (likely range $92.6M–$260.3M).
Common questions
- Who owns Tbs Factoring?
- The owner of Tbs Factoring isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Tbs Factoring make?
- SeeBITDA estimates Tbs Factoring's annual revenue at about $67.4M (likely between $53.9M and $101.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tbs Factoring worth?
- About $144.6M, roughly 7.5× its estimated EBITDA of $19.3M, typical for a other nondepository credit intermediation company its size. Likely range: $92.6M–$260.3M.
- How many employees does Tbs Factoring have?
- About 113, from its 2024 retirement-plan filing.
- When was Tbs Factoring founded?
- Tbs Factoring has been in business since 2004.