Bibby Financial Services Provides $1.7 Million Export Credit Facility to Electronics Manufacturer

ATLANTA--(BUSINESS WIRE)--Bibby International Trade Finance, a division of Bibby Financial Services, recently provided a $1.7 million purchase order and receivables credit facility to an electronics manufacturer based in Orlando, FL. The company supplies electronic control devices and accessories to the Brazilian National Guard.

“In this transaction, we advanced funds against the purchase order to pay the U.S. supplier, and also arranged transportation of the goods through to the customer in Brazil from whom they secured an Irrevocable Letter of Credit for payment of the debt due,” said Ian Varley, CEO, Bibby International Trade Finance.

“Our Trade Finance division, specializing in export invoice finance and purchase order finance, assists growing businesses by breaking into new overseas markets. With our focus on providing services to small businesses, we can offer them working capital and trade finance solutions rarely found in the current marketplace,” Varley added. “Along with our network of sister companies across the globe in Europe, India and Australia, we can successfully provide a seamless service to small business enterprises.”

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.

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