Bibby Financial Services Addresses Opportunity Costs of Business

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Small businesses requiring increased working capital to fund growth and accelerated activity may find accounts receivables financing an efficient and affordable option for growing their businesses.

Not only does it provide access to more cash quicker than an average bank line of credit, but it can result in higher sales and increased operating profits. Accounts receivables financing is also an attractive option for companies with less than stellar credit ratings where bank loans may be unobtainable.

Bibby Financial Services offers the opportunity to grow your business through receivables financing. The cost of doing business with us can more than pay for itself, and it will give you the means to improve your bottom line and grow market share,” said Gail Reints, CEO of Bibby Midwest.

An Example

Before saying ‘no’ to a big order or new customers, BFS suggests a company take a look at the books of AnyCo, an example of a typical relationship.

AnyCo had the opportunity to take on a new customer that would boost annual sales by 25%, but it didn’t have sufficient working capital to fulfill the orders. AnyCo’s bank line of credit was capped at $200,000 and the bank was not in a position to double it. AnyCo did not have the funds to fill the new customer's orders.

AnyCo then turned to Bibby Financial Services. With the increased working capital, it was able to take on this new customer and offset the average 2% factoring fee by nearly doubling its operating profits.

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