Bibby Transportation Finance Recently Provided $735,000 in Accounts Receivable Fundings to Transportation Companies

NASHVILLE, Tenn.--(BUSINESS WIRE)--Bibby Transportation Finance (BTF) continues to expand its transportation portfolio and has recently funded several businesses this past month. The new clients are based in Arizona, Alabama, California, Georgia and New Jersey.

Collie Chandler, owner of Kullangi Transportation located in Snellville, GA, said they decided to finance the company’s receivables with Bibby Transportation Finance because they offer competitive rates, and that they have a more personal approach to their business. “If I have a question, I just pick up the phone and talk to my account executive and things get resolved. In the past, I’ve dealt with companies that shove you around from one person to the next and you never really get an answer,” said Chandler.

Jorge Peralta, owner of World Ground located in Passaic, NJ, said he has been very pleased with the services he has received from Bibby Transportation Finance. “One of the reasons I chose to go with Bibby Transportation Finance is because I feel that my sales representative really understands the industry, and how they can tailor their services to my needs,” said Peralta.

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.

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