Bibby Financial Services Provides Toronto Apparel Company with $750,000 Funding Facility and Purchase Order Financing

TORONTO--(BUSINESS WIRE)--Bibby Financial Services said today it has provided a $750,000 Accounts Receivable and Purchase Order funding facility to a manufacturing company located in the Greater Toronto Area that specializes in manufacturing organic cotton apparel.

The financing, which includes $450,000 in accounts receivable funding and a $300,000 Purchase Order contract with Bibby International Trade Finance will help the company grow its two-year old-business and address increasing demand for its products from a major Canadian retailer and several school uniform suppliers.

“This is an excellent example of a Canadian company that can benefit greatly from accounts receivable financing because of its growth potential,” said Kevin Westfall, executive vice president of operations, Bibby Financial Services. “Furthermore, because Bibby Financial Services has offices around the world, we are able to meet our client’s international needs with our expertise in trade finance and purchase order financing.”

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 Toronto, Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Sacramento 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

For more information on this press release, contact Jennie Wills, VP Marketing: jwills@bibbyusa.com (630) 697-5700