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TAB Bank is pleased to announce it has finalized the acquisition of BAMFi’s $46 million BAM Capital Division. This is TAB Bank’s fourth successful completed acquisition of a working capital loan portfolio. As part of the acquisition TAB will retain the operations and staff at BAM’s office in Dallas, TX.
FactorCloud’s parent company BAMFi has been named to the annual Vet100 list—a compilation of the nation’s fastest growing veteran-owned businesses.
Gene Hammett of the “Growth Think Tank” podcast interviewed FactorCloud’s CEO Todd Ehrlich about “How to Create Great Teams.” Todd and Gene discuss a number of ways to create a great team that will thrive in a high-growth organization similar to Todd’s company, which was ranked #121 on the 2019 Inc. 5000 list.
Uber and its use of technology rapidly expanded the ridesharing industry. Todd Ehrlich of FactorCloud suggests that, similarly, leveraging artificial intelligence and machine learning will ultimately make factoring more attractive to lenders and affordable for borrowers, resulting in exponential industry growth.
Tough times reveal true leaders. Never has that been clearer than during the COVID-19 pandemic. Read our CEO Todd Ehrlich’s advice for navigating tough times.
FactorCloud announced today that they are one of the founding Gold Sponsors of the new Southeast Chapter of the International Factoring Association (IFA). The new chapter, launched this month, will serve Florida, Georgia, South Carolina, North Carolina and Southern Virginia.
Ansonia Credit Data is fully integrated with the FactorCloud system. This allows FactorCloud customers to set criteria for factoring invoices, which will automatically approve or decline each loan based on the company’s credit score and other KPIs. Since these routine decisions will be made via automation, factoring companies’ teams can turn their attention to higher risk decisions instead.
FactorCloud Founder and CEO Todd Ehrlich was recently featured on “The Many Lives Podcast with Davis Rao.” Their in-depth conversation covered a range of topics, including how a two-time college dropout became a Navy SEAL and successful serial entrepreneur, and much more.
The International Factoring Association (“IFA”), the world’s largest association of commercial finance companies, announced that they have accepted FactorCloud into their preferred vendor program. Approved vendors undergo a thorough screening process before being selected and are subject to ongoing monitoring.
FactorCloud factoring software today announced that it has integrated TruckerCloud’s freight visibility data into its platform. ELD-based data pinpointing trucks’ exact location is now available within FactorCloud. Prior to purchasing an invoice from a transportation client, FactorCloud customers can now verify that a load was picked up and delivered at the correct locations and specified timeframes.
FactorCloud announced today that it will be attending and exhibiting at the 2021 Factoring Conference. FactorCloud will be jointly appearing with its sister company TruckerCloud, a freight visibility platform.
Rule 1 Ventures is a venture studio that founded FactorCloud along with other startups in the transportation and fintech spaces, among others.

Factoring is an exciting and lucrative industry. It’s also a risky one. Being defrauded or failing to collect on one large invoice could wipe out an entire year’s profits. Here are four top tips for factors to consider regarding reducing fraud and loss.

The types of clients a new factoring company chooses to work with has a huge impact on the factor’s success (or lack thereof). Here are four tips for new factoring companies to consider as they take on new clients.

Factoring is gaining in popularity, and a lot of enterprising folks are jumping into the industry and starting their own factoring companies. We’ve gathered 15 top tips for startup factors, which we’ll be publishing in this four-part series. First up, tips for new factoring company operations.

Endeavour provides factoring to a very unique market, and its CEO, Chris Lay, has a futuristic view of the factoring space.

Eric Belk has worked in factoring his entire career. We were happy to sit down with Eric and ask him our 6 questions.

Can your existing team handle more transactions without increasing the amount of time they spend processing deals, or their level of stress? It sounds too good to be true, but with the right software, this utopia can be reached.

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