Tom Joerger with Marvin Carolina Jr. on the Better Business Bureau Podcast
Tom joined Marvin Caroline Jr. with the BBB of Kansas City to discuss Kompass Funding and our 4 alternative funding solutions. A quick 10 minute listen to learn more!
Welcome Ops Analyst, Will Downey!
And our team continues to grow! We are so excited to have another Kansas native join us, Will Downey! Will is an avid Kansas City fan who is the type of guy you would want on your team during trivia night.
Welcome our Credit Portfolio Manager, Rece Dawson
We are so excited to welcome our newest team member, Rece Dawson! Rece will be joining as a credit portfolio manager and focusing on due diligence for new investments and funding opportunities, as well as managing our current portfolio.
Meet our new Division Manager, Tom Joerger
Someone once said, “time spent on hiring is time well spent”. That statement could not be truer about our newest team member, Tom Joerger. We are excited to welcome Tom as a division manager focusing on divisional strategy, product development, marketing, sales, and distribution.
Team Spotlight: Ben Hagenkord
For this week’s blog post, we feature a team spotlight on our newest member, Ben Hagenkord! Ben recently graduated from Kansas State University (Go Wildcats!) and joined Kompass Funding as our account executive. In his role, Ben will be focusing on building and managing client relationships across our factoring division, while also assisting with portfolio management and underwriting new opportunities.
Kompass Funding Adds Team Members
Kompass Funding, based in Overland Park KS, recently added two new team members to its organization. Tom Joerger joined as a Division Manager and Ben Hagenkord will serve as their lead account executive.
Alternative Funding Options for Small Kansas City Businesses in Growth Mode
Covid-19 changed the landscape for small businesses around the country and especially in Kansas City. “The Payment Protection Program (PPP) was a good band-aid, but now small businesses are really looking for that growth capital and it’s been a challenge for them to find that,” according to John Minnis, CEO of Kompass Funding.
How to Choose the Right Lender
As members of a large industry, we want to help clients find the right financial partner with the right solutions to ultimately help their business grow. With hundreds of different options out there, we are often asked by potential clients “what should I be looking for in a lender?” As a lender ourselves, we want clients to look for 3 key characteristics before entering a relationship: curiosity, mutual benefits, and multiple funding options.
Invoice Funding Made Simple in 4 Easy Steps
Applying for an invoice funding program can seem like a daunting task, especially if you do not know what information and documents you need to apply. From the first interaction all the way to initial funding, we compiled every action and documents required during each step below. Keep in mind, some applications may be different but generally request the same information.
One stop-shop for Logistics and Invoice Funding
In the trucking world, there are lots of moving parts (literally and figuratively). Literally in the sense that goods are being shipped across the country and figuratively because shippers and carriers are constantly being matched to determine optimal routes for shipments.
Another important moving part is cash. For many carriers, sometimes it can take a couple weeks for brokers to pay for their loads. This can cause a buildup in invoices and a gap in cash flow, especially if truckers are hauling every single day.