Bibby Financial Services Funds $35 Million in New Facilities for Q4

CHICAGO--(BUSINESS WIRE)--Bibby Financial Services said today that during the fourth quarter, its North American division provided more than $35 million in credit facilities to 80 new clients, representing widely diverse businesses including temporary staffing, trucking, distribution, energy, manufacturing, apparel, electronics, security, consulting and others.

“Over recent months, the receivables funding and factoring industries have met the challenge of supporting small to medium sized business with their working capital needs,” said Stewart Chesters, CEO of Bibby Financial Services in North America. “We are pleased that we have been able to lead the way in enabling businesses to grow and meet their cash gaps.

“For many of our clients we are a stepping stone helping new companies grow, mature companies expand, and particularly helping businesses move past unproductive financing relationships.” said Chesters. “As part of the 202 year old Bibby Line Group we know the importance of relationships in business, both in good and difficult times. We are benefiting from this approach to clients and help many of them take advantage of the opportunities they need working capital for. We expect our Q1 results in this area to be even stronger still and are looking forward to helping more business owner grow, despite the hostile banking and economic climate.

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 in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach, and it is located in 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.

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

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

For more information on this press release, contact Jennie Wills, VP Marketing: jwills@bibbyusa.com (630) 697-5700