- Trinseo Announces Completion of Transaction to Refinance $660 Million 2024 Term Loan and $385 Million of 2025 Senior Notes
- Yesterday vs. Today: How to Protect Yourself from Fraud & Cyber Risks Panel Discussion with Rehmann
- Outset Medical Secures Up To $300 Million in Debt Financing
- Landsea Homes Announces Commencement of Private Offering of Senior Notes
- MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
Bibby Financial Services Announces Recent Deals
September 26, 2019
Source: Bibby Financial Services
Bibby Financial Services US Supports New York Manufacturing Company with $2M in Funding
Bibby Financial Services (BFS) provided $2M in funding to a manufacturing company based in New York that manufactures RFID tags for tracking inventory. Their previous factoring company required a full paper trail and verification per invoice. With over 1,000 invoices generated each month, it wasn’t feasible for the business to manage the amount of paperwork required, which resulted in very limited availability. With BFS’ bulk factoring solution, the client was able to increase their funding and free up time to focus on growing their business.
Bibby Financial Services US Extends $350K in Funding to Michigan Transportation Company
Bibby Financial Services (BFS) extended $350K to a long haul carrier based in Michigan. The company has experienced rapid growth since its inception in early 2018 and required funding to support the expansion of its truck fleet as well as pay driver salaries and purchase fuel. Despite being a profitable business, cash flow was tight due to the rapid growth and without funding, the client may have had to close their business. The client chose BFS due to their excellent customer service.
Bibby Financial Services North America made nearly $3.6M of funding available to new clients in August 2019.
About Bibby Financial Services
Bibby Financial Services is a leading independent financial services partner to more than 10,250 businesses, providing more than $1.25 billion in funding annually and handling $11.6 billion in annual client turnover. With over 40 operations in 14 countries spanning 3 continents, we provide asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services supports businesses in virtually any industry. BFS is part of Bibby Line Group, a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions. To find out more about Bibby USA and Bibby Canada, please visit www.bibbyusa.com or www.bibbycanada.caIn This Section