Bibby Transportation Finance Helps Indiana Trucking Company Stay on the Road

NASHVILLE, Tenn.--(BUSINESS WIRE)--Bibby Transportation Finance recently provided a $250,000 funding facility to a trucking company in Winamac, Indiana. The funds were used to help stabilize the company’s cash flow by providing them with working capital to pay their drivers, refuel their trucks, and manage slow paying customers. Bibby Transportation Finance was able to work with the company’s prior factoring provider to complete the transaction and provide the client with the cash it needed to continue operating and manage its growth.

This announcement is a part of an aggressive growth strategy for Bibby Transportation Finance, positioning itself as a key player in the U.S. transportation receivables financing market. Bibby Transportation Finance is able to tailor companies’ receivables funding programs according to their size and needs, while offering same-day funding, online broker credit checks and debtor approvals, discounted shipping rates, 24/7 online system for reporting, and online collection notes for easy referencing and reporting.

Notes to Editors

Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized enterprises. Its product portfolio includes receivable finance, factoring, export finance, purchase order finance and specialist solutions for staffing and trucking sectors. Its North American offices are located in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach, as well as 27 other countries around the world. Bibby Financial Services is a subsidiary of The Bibby Line Group, a 200 year-old privately held company based in the United Kingdom, that provides business-to business services to a variety of industries including shipping, distribution, offshore oil field services, financial services, retail and employment law.