Trucking Businesses Stay on the Road with Funding from Bibby Transportation Finance

NASHVILLE, Tenn.--(BUSINESS WIRE)--Bibby Transportation Finance (BTF) continues to expand it’s portfolio of transportation clients and has recently funded several new clients this past month. The new clients are based throughout the United States in Illinois, Washington, California, Florida and Kansas.

“We came to BTF because we are trying to get the business off the ground and right now there is a lot of cash flow needed. Ivan detailed the ancillary services that fit our criteria for growth, and we’re already seeing an improvement in our processes.”

Carlos Rivera, general manager for Chitex Transport located in Chicago, IL, said they decided to finance the company’s receivables with Bibby Transportation Finance because they offer lower rates and their sales representative Ivan cook was informative, helpful and a pleasure to work with. “We came to BTF because we are trying to get the business off the ground and right now there is a lot of cash flow needed. Ivan detailed the ancillary services that fit our criteria for growth, and we’re already seeing an improvement in our processes.” said Rivera.

Eric Hunter, CEO for Bibby Transportation Finance, states, “Many trucking companies are turning to us for finance for their freight bills as the current economic shifts continue to challenge American business owners. We are 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.”

Nashville based Bibby Transportation Finance, a division of Bibby Financial Services, is solely dedicated to providing cash flow solutions for the transportation industry. As part of a 200 year old, privately held company, the Bibby Line Group, BTF understands the many challenges the transportation industry faces. BTF’s custom transportation receivables funding program provides complete solutions for every type of transportation business from start-ups to well established large fleets.

Bibby Financial Services has outstripped market growth in the last two years and has the capital to continue to support its ever growing portfolio of small to medium business clients. BFS has an ever expanding regional presence throughout North America with businesses in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach. The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients.

Notes to Editors

Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail.

Bibby Financial Services is a world wide, market leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes Receivable Finance, Factoring, Export Finance, Purchase Order Finance, and specialist solutions for the Staffing and Trucking sectors.

Operating via a global network of 29 autonomous operating companies in the United States, Canada, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $9 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit www.bibbyusa.com, www.bibbycanada.ca, www.bibbytf.com, www.bibbystaffingfinance.com, www.bibbyfinancialservices.com.

For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk.