Overview
Bay View Funding is an invoice factoring company based at 224 Airport Parkway in San Jose, California. For years it was the factoring arm of Heritage Bank of Commerce. That changed on April 17, 2026, when CVB Financial Corp. completed its acquisition of Heritage Commerce Corp and Heritage Bank of Commerce was merged into CVB's bank, Citizens Business Bank. 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, now a wholly owned subsidiary of the bank that provides factoring to businesses across the United States.
So Bay View is now owned by Citizens Business Bank, headquartered in Ontario, California. CVB's release says the systems conversion was completed in the second quarter of 2026. We found no announcement of a change to Bay View's name, website or programs, and the site was still operating under the Bay View brand in November 2026.
Bay View's leadership has deep factoring roots. Heritage Commerce's 2025 annual report amendment identifies Glen E. Shu as president of Bay View Funding since October 2019, with more than 30 years in financial services, including earlier factoring roles at Bay View Commercial Finance Group, KBK Financial and Concord Growth.
The firm's age is described in two ways. Its website says it has delivered factoring "since 1985." The BBB profile lists a business start date of August 20, 1998. The difference may reflect predecessor businesses, but we could not confirm that, so we treat 1985 as the company's own claim.
Bay View serves a wide set of industries: distribution, government contractors, manufacturing, oil and gas, staffing, trucking and wholesale, plus a longer list that includes apparel, janitorial, security, food processing, printing, software and technology.
Rates, advances and fees
Bay View publishes only a little pricing information. Its FAQ says rates depend on sales volume, invoice size, how quickly receivables turn and your customers' credit, and that clients can receive rates "as low as 0.5%," with a footnote that rates are subject to change. The same FAQ describes the offer as usually between 70% and 90% of the invoice amount.
That advance range is lower at the bottom end than many independents advertise. A 70% advance holds back almost a third of the invoice until your customer pays, which matters a great deal for businesses with thin margins. Ask early which end of the range your industry and customers are likely to get.
There is an unusual data point on what Bay View earns. CVB's second-quarter 2026 release reports that the average yield on factored receivables during the quarter was 18.04%, on about $86.1 million of average factored receivables. That is an annualized yield across the whole portfolio, not a quote, and it covers the period after the merger closed. Still, it is a useful reality check: it is consistent with typical factoring fees of a few percent per month of invoice life, and far from the 0.5% floor if that floor were applied broadly. Use our factoring cost calculator to translate a quoted fee into an annual figure.
The trucking page says there are no application fees and no financial statements required. Beyond that, Bay View does not publish setup fees, transfer fees, lockbox fees, minimums or termination charges.
| Item | As published |
|---|---|
| Starting rate | 0.5%, subject to change |
| Typical advance | 70% to 90% |
| Facility size | Up to $15 million (FAQ, payroll page); up to $40 million (homepage) |
| Funding speed | As little as 24 hours |
| Application fee (trucking) | None |
Note the facility size conflict. The homepage advertises facilities up to $40 million, while the FAQ and the payroll advance page say up to $15 million. The larger figure may cover combined bank facilities; ask which limit applies to factoring.
Contract terms
Bay View publishes nothing about contract length, renewals, termination notice or early exit fees. Its FAQ explains recourse and non-recourse factoring in general terms but does not say which Bay View writes. It also discusses existing bank liens, saying a new factor will ask your bank to subordinate its lien and that IRS liens must be disclosed at the start.
Because the site is silent, the agreement is where you will find out what you are committing to. Look for the term, any automatic renewal, minimum monthly volume, the termination notice window and any fee for leaving early. Our guide on how to read a factoring contract walks through each clause.
The ownership change is another reason to read carefully. If you are an existing client, check whether your agreement was assigned to the new bank and whether any terms, contacts or remittance details have changed. New clients should expect bank-style underwriting and documentation.
Funding speed and service
Bay View says clients can receive cash in as little as 24 hours, and that qualifying for factoring can take as little as three days once an application is accepted. Clients get round-the-clock access to an online account center, and the company says it assigns dedicated relationship managers.
Two programs stand out:
- Payroll Advance for staffing agencies. Bay View says staffing clients can access funds on Monday for payroll due Friday, which it describes as up to two days faster than many payroll factoring providers, with funding from copies of invoices sent electronically and credit lines up to $15 million.
- Fuel Advance for carriers. Once a bill of lading shows a load has been picked up, Bay View will forward a percentage of the freight bill to cover fuel, which can be loaded onto an FTS fuel card. The site does not state the percentage or the cost.
BBB rates Bay View Funding A+. It is not BBB accredited, and the profile showed no complaints in the past three years when we checked.
Who it's for
Bay View fits:
- Staffing agencies that need payroll cash early in the week. See staffing factoring.
- Mid-sized businesses that prefer a bank-owned factor, whether for counterparty stability or because a bank lender may later be an option.
- Government contractors and distributors, both named focus industries. See government contractor factoring.
- Carriers that want a fuel advance, though trucking-focused factors may offer more detail and better non-recourse terms. See freight and trucking factoring.
It is a weaker choice for anyone who wants to compare published prices, needs a high advance rate on lower-quality receivables, or wants clear exit terms before applying.
Pros and cons
Pros
- Owned by a large FDIC-insured bank, Citizens Business Bank
- Experienced leadership with decades in factoring
- Payroll Advance program built for weekly staffing payrolls
- Fuel advances and an FTS fuel card for carriers
- Funding in as little as 24 hours
- No application fee on the trucking program
- A+ BBB rating with no complaints in three years at the time we checked
Cons
- Very little published pricing beyond a 0.5% floor
- Typical advance can be as low as 70%
- No published contract length, renewal or termination terms
- Recourse terms not stated
- Conflicting facility size claims of $15 million and $40 million
- Ownership changed in April 2026, so policies may still shift
- Founding year on its site does not match BBB records
How it compares
Among bank-owned options, Bay View is most similar to Crestmark, now part of Pathward, which also lends nationally with bank-style underwriting and publishes even less about price. Against independents, Universal Funding publishes a full fee table and advances up to 95%, while Charter Capital states its contract can be ended on notice. If price transparency matters more than having a bank parent, those two are easier to evaluate before you call.
Frequently asked questions
Who owns Bay View Funding?
Citizens Business Bank, the bank subsidiary of CVB Financial Corp., since CVB completed its acquisition of Heritage Commerce Corp on April 17, 2026. Before that, Bay View was a subsidiary of Heritage Bank of Commerce.
What does Bay View Funding charge?
The FAQ says rates start as low as 0.5% and depend on volume, invoice size, receivable turnover and customer credit. It does not publish a typical range or a fee schedule.
How much does Bay View advance?
Its FAQ says offers are usually between 70% and 90% of the invoice amount.
How quickly does Bay View fund?
The company says funding can arrive in as little as 24 hours, and staffing clients on the Payroll Advance program can access funds on Monday for Friday payroll.
Is Bay View Funding recourse or non-recourse?
The site explains both but does not say which it offers. Ask for the recourse terms in writing, and see our guide to recourse versus non-recourse factoring.