With deep roots in finance and business development, and having a knack for inventing innovative solutions to stubborn problems, Dudley Boyd and Jeff Rose worked together for decades building a successful business philosophy that has culminated in the formation of National Bankers Trust. Twenty-five years earlier Mr. Boyd had used factoring to help cash-flow a government contract he had won using technology developed for the U.S. Space Station. The U.S. government is the best credit in the world; however, they paid slower than molasses in January. The cost of factoring was high with rates up to 8%. Profit margins were tight and after deducting the cost of factoring there was very little profit left over. He thought they could use factoring for a short period of time, just until they saved enough profit to finance the business AND carry all their customer invoices, including U.S. government invoices that took up to 90 days to pay. As it turned out they were stuck factoring their accounts receivable until the business was sold years later.
As fate would have it, in 1992 an opportunity to form a factoring company specializing in the trucking industry emerged. Drawing on prior experience they saw an opportunity to modernize an industry that had remained unchanged for centuries. In addition, small and mid-size trucking companies had a long history of being underserved and overcharged. With these two facts and the rapid changes in technology, it became clear the perfect environment for the perfect revolution was brewing in the secured lending and factoring industries. After several years of research and development National Bankers Trust was formed in 1995 and in 1998 started offering the world’s first online, real-time cash-flow solutions, delivering cash via the internet 24 hours a day, 7 days a week. Today the A|R MAX Equity Line of Credit is the new industry standard, delivering more cash faster and at a lower cost than any other system in the world. National Bankers Trust gives its clients the ability to leverage their A|R to stabalize their cash-flow, grow their business, cut administrative costs and effortlessly build equity until they are self-capitalized. (Patents pending.)
“What we set out to do,” Boyd said, "was to give trucking company owners a fair deal, the kind of deal I wish someone had offered me twenty-five years ago...a deal that gives a helping hand up instead of tying you down."
Today, National Bankers Trust is revolutionizing the trucking and financial industries by following a simple principle: Factoring should be short term bridge financing–not permanent financing. A valid solution must ultimately provide a way to eliminate your dependency on factoring and other financing that lock you in forever and ultimately take you down–providing no way out.
"Our goal is to help our clients finance their dreams and then get them out of debt as quickly as possible. A|R MAX is the only A|R finance product I'm aware of that is guaranteed to do exactly that."
- Dudley G. Boyd, President/CEO
A|R MAX is the only cash-flow solution that comes with Guaranteed Results.
After a 90-day rebate vesting period, your net rate (fees) shall decrease each day thereafter or National Bankers Trust shall refund all the fees you have paid under the A|R MAX program.
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Dudley G. Boyd, President/CEO
A successful business owner with a background in finance and transportation, and an ex-seminary student, Dudley Boyd’s positive energy and empathetic personality have been the cornerstone of National Bankers Trust and its culture. As an evangelist for trucking company owners, Dudley says, “For years, trucking companies have been underserved with few alternatives to old fashioned factoring. We are attacking the problem with a new breed of financing that costs less, solves the cash-flow dilemma and provides a means to become self-capitalized so truckers are not 'renting' their money forever. It’s a win–win situation worth fighting for.” He is always pushing and challenging his team to innovate solutions aimed at solving problems, not merely the symptoms. “I can't think of a better or more rewarding business to be in than to help others improve and secure their family's future.”
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Jeffrey S. Rose, Chief Financial Officer, Chief Information Officer
As a founding partner and a Certified Public Accountant with a Master's degree in accountancy, Jeff has a business calculator for a brain with an uncanny ability to cut to the heart of a matter. He is relentless when it comes to developing and improving the products and services National Bankers Trust offers its clients. His innate number-crunching skills enable him to look at both the big picture and the short term when it comes to developing solutions that make both financial and operational sense. “The key for me was to meet the challenge of creating solutions that provide guaranteed results. At the end of the day…it’s not magic, it’s math.”
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Stacey Henderson, Operations Manager
Starting with First Tennessee Bank, then AT&T and now National Bankers Trust for the past thirteen years, Stacey is truly gifted in the areas of human resource development and service. “We hire the very best people in every area and extensively train our innovative business model. We build upon mutual trust and respect between team members, clients, vendors and even competitors. We are a very unique and progressive company.” The results are self-evident. National Bankers Trust has enjoyed double digit growth every year for the past eight years. “This is an exciting time because together we’ve been able to develop some very innovative products and services for the trucking industry. We are aggressive advocates for trucking company owners. Our success is measured by the success of our clients.”
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William E. Lucado, Advisory Director
Bill brings a wealth of experience and resourcefulness to National Bankers Trust. In addition to being an invaluable advisor, he is also the President of First Management Corporation and Chairman of Black River BancVenture, Inc. A Certified Risk Professional with an MBA from Michigan State University, Bill has an impeccable reputation and has had an extremely successful career in corporate finance, banking, consulting and venture capital—worldwide, which includes several public issues ranging in the hundreds of millions of dollars and several major acquisitions. “As an original NBT banker, I considered National Bankers Trust’s business model to be excellent and their products and services completely unique in the industry. I am delighted to be involved with such a fine company providing innovative solutions to an industry that sorely needs them.”
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