Overview of our Services

An Overview of our Services

Many businesses and business owners face the challenge of finding the capital to improve or increase the cash flow of the business, especially when in a growth cycle. We understand these pressures and our programs are geared to growing with you as a business. Unlike banks or asset based lenders, we look primarily to the assets of your business; our facilities grow with you and will not affect the ownership or equity of your business.

We can provide funding against your receivables where you sell to businesses on credit terms; this can include credit worthy Export customers. As part of the Bibby Financial Services group we uniquely have receivables funding business thoughout Europe, Canada, Australia and India and cannot only consider export funding but can also look at collections servicing in many overseas companies.

We can also provide Purchase Order Finance though our dedicated division to provide the capital to fulfill those larger customer committed orders. Our specialism also extends into specialist programs for Trucking companies and Staffing firms.

Turning Accounts Receivables Into Cash

This is an easy process. For your initial funding you can either;

• Complete the application form and fax to us on the number indicated on the application form or email to sales@bibbyusa.com.
• If you wish to speak to one of our Marketing Representatives first then call us on 1-877-88-BIBBY (1-877-882-4229).

The initial funding process, from receipt of application, normally only takes from three to seven business days depending upon the size of your business and the complexity of the facility.

After your initial funding you will get the advances against your verified receivables within 24 hours.

Accounts Receivable Funding

This works by Bibby purchasing your receivables and advancing you up to 90% of the verified invoice value as per the agreement established between us. We can structure these transactions in two ways at your choice;

• Discount Pricing; This is where you have the advantage of a fixed percentage pricing for a certain period of time of the receivable remaining unpaid. This has the advantage in times of changing rates of giving you certainty over the costs of your facility.
• Availability Pricing; You will have a one time administration fee charge on you receivable to reflect the service we provide and then a prime plus a set percentage rate charge to the funds you use. This has the advantage of you being charged for what you use. So if there are times when you do not need to fully utilize your facility you will save significant amounts in fees. Few of our competitors offer this alternative pricing on this basis.

Our client service team is dedicated to only servicing receivables, therefore, is experienced not only in your needs but also in how to deal with your clients in a professional and courteous manner. As part of our Receivables Funding Program you will receive;

• Funding with 24 hours
• Dedicated, professional account executives operating a collection service for you. Last year Bibby Financial Services collected over $5 billion in accounts receivables for over 6,000 clients.
• Free credit checks of your clients
• Management – issuing statements, verification and collection calls
• Online Access to your facility with full reporting
• Imaging – online access to images of remittances / checks received from your clients
• Credit Insurance – if required we can give you competitive pricing for credit insurance

Services Beyond Receivables Funding – So Much More

As the leading independent global receivables funder we have developed products and expertise to compliment our award winning receivables funding and management program;

• Purchase Order Finance – our Purchase Order Funding Program can provide you with additional working capital to fulfill your customers’ orders. It works alongside a receivables funding program and can help you with orders sourced domestically or from overseas. It requires a confirmed order from a credit worthy customer and we can guarantee or pay up to 100% of your suppliers invoices. Our purchase order funding program consists of:

• Export Finance – Bibby Financial Serives is a professional, global financial services provider with businesses based in the United States, Canada, United Kingdom, Ireland, France, Poland and Australia. In addition to this network we also have an International Division with a specialist team of international receivables management professionals covering 14 language skills. No other US based receivables funder can match this network and skill base. Therefore we can consider funding your credit worthy export receivables like no other of our competitors. We also view Canadian receivables at parity to US receivables and will fund in the same manner making it much easier for US businesses with Canadian clients.
• Trucking Companies – we have established a specialist business unit solely dedicated to the receivables funding for trucking companies. With a unique suite of products you can learn more about Bibby Transportation Finance.
• Staffing Companies – as one of the largest independent funders of receivables globally we service many staffing companies of all sizes. We have developed specific programs for the staffing industries, you can learn more about Bibby Staffing Finance.

Why Do So Many Companies Choose Bibby Financial Services?

• Full Service Regional Businesses – Are you based on the East Coast being serviced by a business in Salt Lake City? Or a business in Denver being serviced out of Orlando? Fed up with the delays with mail and lock boxes and the difficulties with contact decision makers or your Account Manager? We understand this. Our growth has been underpinned by our unique business model in the receivables funding industry of having autonomous, regional based businesses. Each of these businesses contain client service staff, underwriting staff, cash management with local lock boxes, new business teams who understand the local market and, most important, their own local executive team. Tired of finding out that offices are one person and a phone? Well our regional businesses, based throughout the United States, are the only contact for your business. Everything to do with your relationship with Bibby Financial Services will be dealt with from that office. To find the office nearest to you click here.
• Fast Funding – you will receive funds on your verified receivables within 24 hours of receipt either to your bank account. For initial fundings on new facilities we expect to have you funded within 3 to 7 business days of receiving your application and supporting documentation, the time depends up the size of your business.
• Competitive Rates – everyone refers to their rates as competitive. We mean it. We typically save our clients at least 20% in fees over their existing receivables funder, often much more. Why? When you fund over $5 billion of receivables a year you have economies of scale you can pass onto your clients.
• Stability & Openness – We are financial stable and open with our information. Want proof? Ask for our parent companies annual report and we will provide it? Ask our competitors for their audited balance sheet... surely a funding provider will be willing to show you their financial strength?  We are proud to be a member of the Bibby Line Group which in 2007 celebrates the bicentenary of it founding.

    To see the annual report for Bibby Financial Services click here (PDF, 175KB).
    To see the annual report for Bibby Line Group click here (PDF, 313KB).

• Flexible – We do not have rigid credit policies, we will look at your business and your business's situation and work with you to develop a solution for your needs.
• Our Services – We offer more than just cash against your receivables; we offer you a professional collections service and additional programs such as Export Finance and Purchase Order Finance.
• Variety – Whether you are a new start or in business for 70 years, whether you are a service business or a manufacturer, as long as you sell to other businesses on credit terms of 60 days or less we look forward to working with you. We can fund business from start up to facilities of $5 million funds advanced; we are happy to work with business in high growth mode, restructuring and / or Chapter 11 or D-I-P situations.

What Sort of Companies do you Work With?

As long as you have not pledged your accounts receivable as collateral we can work with you. If they are pledged to another funder, lender, bank or other entity we will work with you to get these paid off by our factoring facility on the initial funding or subordinated.

Companies are usually;

• Family owned businesses that do not want their personal assets secured as required by banking lines of credit
• Growing businesses that want a cost effective facility that will grow with them
• Businesses that have seasonal peaks and valleys
• Businesses that are restructuring in Chapter 11 or D-I-P
• Companies that are tired of overpaying for a poor service provided regrettably by some of our competitors

What Do I Do Next to Get Started?

We want to work with you and are looking forward to developing a program for your funding needs. If you are in contact with one of our Marketing Representatives already they will be glad to take you through the process, if not;

• Call 1-877-88-BIBBY (1-877-882-4229)
• Email sales@bibbyusa.com
• Or fax a completed Application Form with supporting documentation to the appropriate fax number on the Application Form

We look forward to hearing from you!

Go to our Home Page

• Back to top