TBF Financial today announced the rollout of a new website for the company focused on better serving the commercial lending and leasing industries. The site will focus on enhancing access and self-service for users of TBF’s suite of applications to facilitate the purchase of written-off debt and other non-performing commercial paper.
An established leader in purchasing non-performing commercial accounts since 1998, TBF has perfected an efficient, user-friendly program for sellers to use, and many of its customers have established a long-term relationship with the company through its use. TBF’s streamlined debt-purchasing system is designed to make the selling process quick and easy for its customers.
The company is now seeking to build on this success. TBF has expanded its purchase offerings into the commercial finance and asset-based lending space by allowing potential customers to use TBF’s web-based valuation tools to determine the value of their own written-off accounts.
“We have proven our ability to offer our customers an easy, efficient process for transforming their non-performing paper into revenue,” said Brett Boehm, TBF’s principal/director of business development, “and we are now seeking to expand our capabilities to serve commercial lenders and ABLs. We feel allowing our customers to participate in the valuation process of their paper helps them better understand the value of our offerings.”
At the core of TBF’s new website are a series of brief tutorials that walk those unfamiliar with the process of selling their non-performing paper through the process and explain how it functions for both seller and buyer. The site also features an interactive questionnaire that allows lenders to determine the value of any specific piece of commercial or asset-based paper they hold—the first step toward liquidating it.
According to Boehm, by populating online TBF’s questionnaire with basic information about the nature, age, and status of the visitor’s non-performing accounts, a potential customer can get a realistic assessment of the paper’s real value—and make an informed decision about whether or not to sell.
TBF’s new website also features enhancement specifically aimed at making it more readily accessible on mobile devices, from tablets through smartphones. To access TBF’s new website, go to www.tbfgroup.com.
TBF Financial, LLC, has been the leading buyer of non-performing commercial paper since its inception in 1998. The company has also served the equipment leasing and finance industry by purchasing portfolios of charged-off small-ticket equipment leases and written-off commercial loans in an efficient process that helps individual companies recover cash quickly and improve their recoveries. The company, in fact, pioneered this service. The Deerfield, Illinois-based firm is an active member of the Equipment Leasing and Finance Association.