Bibby Financial Services

Fact Sheet

CHICAGO--(BUSINESS WIRE)--BIBBY FINANCIAL SERVICES provides immediate cash advances and other financial services products that help small- and medium-sized businesses thrive. Working with more than 7,000 clients in North America, Bibby Financial Services can fund both start-up and well established businesses, can help companies improve their credit quality, can provide funding facilities of up to $5 million and can help companies navigate the “bumps in the road” that come with business ownership. Importantly, as the North American arm of Bibby Line Group, the U.K.-based family- owned business with more than 200 years of experience, Bibby Financial Services understands how to help its clients succeed.

Bibby provides an array of products and services including;

• Receivables Funding or Factoring
  • Provides cash against outstanding invoices – usually about 85 percent of the value of the invoice -- and then collect the invoices on behalf of our clients, giving businesses access to an ongoing supply of cash directly linked to sales. On collection the balance of the receivable is returned to clients less our fees. Bibby Financial Service’s success at receivable collection is rooted in its highly developed database of more than 10,000 creditors and its specially trained customer service staff.
• Export Receivables or Export Finance
  • Provides immediate cash flow against the value of outstanding export invoices and an ongoing supply of working capital. Bibby Financial Services will prepare and send statements and telephone overseas customers, communicating with them in their language. Using multi-currency facilities to help smooth out problems of fluctuating exchange rates, Bibby Financial Services is able to pursue and collect outstanding invoices payment from overseas customers and manage currency issues, saving executive’s valuable time.
• Purchase Order Finance or Trade Finance
  • Large orders, seasonal sales and business expansion can pressure cash flows. Purchase order finance (PO Finance) makes important deals possible and profitable by providing funds or letters of credit against confirmed orders or one-off sales to individual customers.
• Transportation Finance
  • With its long history in transportation financing, Bibby Transportation Finance has developed products and services especially designed to help finance the trucking industry. It provides consulting services to manage and streamline administrative activities.

Bibby Financial Services is known for its expertise in financing several key industries including:

• Manufacturing
• Apparel
• Transportation
• Staffing
• Distribution

Bibby Financial Services, which has been in North America since 2001, has North American offices in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Sacramento, West Palm Beach, and Toronto.

Executive officers:

Stewart Chesters, CEO Bibby Financial Services, North America

Leigh Lones, Risk Director, Bibby Financial Services, North America

Ernie Jaseckas, CFO, Bibby Financial Services, North America