Bay View Funding

Overview

Bay View Funding is an invoice factoring company at 224 Airport Parkway in San Jose, California. Its website says it has delivered factoring "since 1985."

For years it was the factoring arm of Heritage Bank of Commerce. On April 17, 2026, CVB Financial Corp. completed its acquisition of Heritage Commerce Corp. Heritage Bank of Commerce was merged into CVB's bank, Citizens Business Bank, which is headquartered in Ontario, California, and is FDIC-insured.

CVB's second-quarter 2026 earnings release states that through the deal it acquired CSNK Working Capital Finance Corp., doing business as Bay View Funding. Bay View is now a wholly owned subsidiary of the bank and provides factoring to businesses across the United States. The release says the systems conversion was completed in the second quarter of 2026. In November 2026 the website was still operating under the Bay View brand.

Heritage Commerce's 2025 annual report amendment identifies Glen E. Shu as president of Bay View Funding since October 2019. It says he has more than 30 years in financial services, including earlier factoring roles.

The same CVB release reports an average yield on factored receivables of 18.04% for the quarter, on about $86.1 million of average factored receivables. This is an annualized yield across the whole portfolio for the period after the merger closed.

Services

• Invoice factoring. Facilities of up to $15 million (FAQ and payroll page) or up to $40 million (homepage).
• Payroll Advance for staffing agencies. The company says staffing clients can access funds on Monday for payroll due Friday. Funding is based on copies of invoices sent electronically, with credit lines up to $15 million.
• Fuel Advance for carriers. Once a bill of lading shows a load has been picked up, Bay View forwards a percentage of the freight bill to cover fuel. The money can be loaded onto an FTS fuel card. The percentage and cost are not stated.
• Online account center. Clients get round-the-clock access to an online account center.
• Relationship managers. The company says it assigns dedicated relationship managers.

Industries served

Bay View names distribution, government contractors, manufacturing, oil and gas, staffing, trucking and wholesale. A longer list includes apparel, janitorial, security, food processing, printing, software and technology.

Published terms

The FAQ says rates depend on sales volume, invoice size, how quickly receivables turn and the client's customers' credit. Bay View does not publish renewal or termination notice terms.

The FAQ also covers existing liens. It says a new factor will ask the client's bank to subordinate its lien, and that IRS liens must be disclosed at the start.

How to apply

The company says qualifying for factoring can take as little as three days once an application is accepted. After that, clients can receive cash in as little as 24 hours. The trucking page says there are no application fees and no financial statements required.