- BMO Financial Group Appoints Cam Fowler as Chief Strategy & Operations Officer and Erminia (Ernie) Johannson as Group Head, North American Personal and Business Banking
- Bridge Bank Extends $4MM Senior Debt Facility to Factor 75 LLC
- Allied Motion Secures New $225 Million Credit Facility
- Crestmark Provides More Than $27.2 Million in Commercial Financing to 32 Businesses in the First Half of May
- KB Home Announces Increase in Revolving Credit Facility to $800 Million and Extension of Maturity Date
Bibby Financial Services Canada Announces Deals
October 16, 2019
Source: Bibby Financial Services Canada
Bibby Financial Services Canada Supports Quebec Apparel Company with $1.8M in Funding
Bibby Financial Services (BFS) provided $1.8M in funding to an apparel company based in Quebec that designs and provides quality jean-wear products at accessible pricing. Originally, the company was a supplier to general retailers, but when private retail began slowing down, the company focused on larger chains. Recently, the company was qualified by a retail giant that will triple their growth, and consequently, require additional funding. The BFS factoring line will double the business’ borrowing capacity and allow them to clear goods faster to meet their delivery commitments and reach their growth potential.
Bibby Financial Services Canada Extends $250K in Funding to Quebec Staffing Company
Bibby Financial Services (BFS) extended $250K to a Quebec business that specializes in medical staffing for nursing homes. As a startup incorporated in July 2019, the company was looking for financing to support their day to day operations and growth and factoring seemed to be the best fit as it allows for flexibility in the cash flow as the business grows and recruits more medical professionals. Prompt response and quick funding from BFS won the client over.
In addition to these deals, Bibby Financial Services US extended $225K to transportation clients in September 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.ca.