Bay View Funding offers non-traditional business financing

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Bay View Funding, founded in 1985, is a finance company that services small- and medium-size businesses with commercial loans through what is known as “invoice factoring.”

“We provide working capital to small- and medium-size businesses based upon their commercial accounts receivable,” said Bay View Funding’s Regional Sales Manager Tom Hearne. “What we do is called invoice factoring. We purchase invoices and give companies working capital based upon purchasing those invoices.”

Hearne, who manages Bay View Funding’s regional business in the Chicago area, has more than 15 years of experience in financial sales.

“Bay View Funding has been here in the Chicago market for the last two years, but I’ve been doing this for over 15 years,” said Hearne. “I’ve been covering commercial loans for small- and medium-size businesses for a long time.”

According to Hearne, Bay View Funding is primarily focused on assisting commercial, industry-specific businesses who may need invoice factoring services.

“We don’t do any consumer loans, only commercial,” said Hearne. “We’re looking for more industry-specific customers. We’re looking for trucking companies, personnel and staffing companies, manufacturing companies, and wholesalers or distributors.”

Hearne said that the company offers its services to small and medium sized businesses that are in need of loan options separate from traditional bank financing.

“Our focus is on companies with revenues from $100,000 a year in sales, up to $40 to $50 million,” said Hearne. “We target small- and medium-size businesses that may not qualify for traditional financing. We are an alternative solution to bank financing, acting as a secondary market for business loans.”

Hearne believes that Bay View Funding’s membership with the Joliet Region Chamber of Commerce is necessary to increase awareness of the company in the local business community.

“I think our membership with the Joliet Chamber is mainly for name recognition, and to get our business name out there. It’s for getting our business more recognition in the marketplace,” said Hearne. “We’re approaching $500 million in sales this year, and we’re in the top 10 of privately owned factoring companies in the United States.”

For more information about Bay View Funding, visit the Website at, or Regional Sales Manager Tom Hearne’s LinkedIn page at Hearne can be contacted at his office at (815) 485-4300, by cellphone at (708) 860-0960, or by email at