Bibby Financial Services Funds Acquisition for Rhode Island-Based Media Company

CHICAGO--(BUSINESS WIRE)--Bibby Financial Services has provided $1.25 million dollar facility to a Rhode Island-based media Company, which is planning to use the funds to increase its market share through the purchase of the assets of a competing firm.

“We worked closely with this client to finance its outstanding receivables, giving it access to improved cash flow to manage and grow its business during this critical time,” said Gail Reints, CEO of Bibby Financial Services’ Midwest operations. “As traditional lending sources have tightened, we are seeing more business owners seek new financing opportunities using receivable based funding, which enables small to mid-sized businesses to effectively manage their cash flow need and provide the working capital required to expand.”

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