Today we’d like to introduce you to Cheryl Tibbs.
So, before we jump into specific questions about the business, why don’t you give us some details about you and your story.
As a young child, I always knew I would have my own business. I subscribed to Entrepreneur Magazine at the age of 12. I saw ads for loan broker business and I ended up purchasing one of the courses and taught myself the finance business.
Two years removed from college, I opened a commercial loan brokerage business in my hometown of Gray, GA. It was truly a learning experience for me. Soon after that, I was offered a position to manage a mortgage company for residential lending programs, and the rest is history.
From those humble beginnings, I went on to open my own brokerage to include a real estate investment firm, a mortgage processing school and a mortgage call center.
After being dealt a blow of being diagnosed with breast cancer in 2006, I left the business completely and focused on my healing for the next year. During that time, the market crashed, mortgage lending was no longer what it was prior to 2006. Essentially, the cheese moved and I moved with the cheese.
In 2008-2009, I got back into the broker business, but this time as a commercial mortgage broker. I did a few deals here and there, until discovering business financing in 2010-2011. From that point, I have been a full-time business finance broker.
Great, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
I don’t think running a business is ever easy, nor is the road always smooth. My faith is what put me back on track, when I would get off track. I was somebody’s mother, and that came with lots of responsibility. So, I couldn’t just get sidetracked through a rough road.
Even today, the obstacles are there. Deal flow slows down, deals you think are funding, don’t get approved or clients change their minds. But, you learn to roll with the whatever the punches are that life and business throws at you.
Alright – so let’s talk business. Tell us about One Stop Commercial Capital – what should we know?
When I started One Stop Funding, which is One Stop Commercial Capital today, I knew I wanted to be a company that could provide all types of financing for a business. I learned early on in life that to be successful required one to identify a problem that your audience has and provide a solution for that problem. So, I came up with the name One Stop Funding, I wanted to be that one stop for the funding needs a business could have.
Over the last year, I was somewhat forced to change the name from One Stop Funding to One Stop Commercial Capital, due largely in part to someone else opening a company with a business name very similar to mine. The difference was this other company had very unfavorable online reviews and their customers would call me and many of those calls were very unpleasant. So, to separate my firm from this other company, I changed the name to One Stop Commercial Capital. I still wanted to be that One Stop but I needed further brand identification as to what we offered.
Today, One Stop Commercial Capital is a leader in providing businesses with Working Capital funding through various means, as well as Equipment financing. Our working capital programs are geared to help businesses get on track, regardless of credit and often times without requiring collateral.
Equipment Financing is an area that is growing and that we are really big on. I am developing a very unique one stop for all things related to equipment. What sets us apart is that we are able to get equipment funding done in 4 hours or less on smaller ticket items that are $100K or less. Clients love this program. They can essentially go into their vendor’s showroom, pick out the equipment they need, apply with me online and have the ability to leave the showroom with their new equipment – all within 4 hours of time.
Is there a characteristic or quality that you feel is essential to success?
I won’t stop until the last no or the last decline. In the residential mortgage arena, I had a reputation that if Cheryl Tibbs couldn’t get you a mortgage, it just couldn’t be done. I’ve taken that same mantra to the commercial and business finance space. I’m most proud that we have been able to secure very valued partnerships with lenders, funders, hedge funds, banks and equity firms. Having such a diverse stable, if you will, of direct financing partners, enables us to be able to find a home for just about any type of financing within the realm of what we do.
Contact Info:
- Website: www.onestopcommercialcapital.com
- Phone: 404-400-1837
- Email: cheryl@onestopfunding.net
- Instagram: instagram.com/fundingsniper007
- Facebook: www.facebook.com/1stopfunding
- Twitter: www.twitter.com/1stopfunding
- Other: www.linkedin.com/in/fundingsniper007
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