With over 10 years in the California market for accounts receivable finance and asset-based lending, Bibby Financial Services (BFS) moved to a new office at the beginning of Q1 2018. BFS’ new Thousand Oaks location will expand their sales and operations departments up to 30 percent. Small businesses across Los Angeles are booming, expecting to see continued growth in sales through this summer. In addition to the expansion, the company promoted Rhett Bentley to SVP, Western Regional Sales Manager to oversee this rapidly growing team of professionals and the growing market because of his years of experience in commercial lending. “Our team at Bibby Financial Services is here to support California businesses throughout the region and across many industries,” remarked Bentley.
With extensive experience in industries such as apparel, manufacturing, staffing and logistics Bibby Financial Services provided nearly $23M in funding in Q1 2018. BFS provides key business funding to California-based SMBs, a market segment that employs millions, pays $300B annually in employee payrolls and accounts for over $800B in California GDP. “BFS serves the nation with Factoring, Asset Based Lending and Transportation Finance funding solutions that are custom tailored to the specific needs of the companies we serve. The manufacturing industry is expanding on the west coast and flexible financing helps these companies maintain needed cash flow through growth phases,” said Bentley.
BFS provides a robust mix of funding products that are customized specifically for the business and include both factoring and Asset Based Lending, BFS delivers funding that is perfectly suited for the specific needs of each company working with each of their clients as individuals to deliver financing for their business’ needs and in turn, deliver the liquidity and flexibility needed to succeed. BFS is committed to the success of small to medium-sized business and working to help them achieve their goals. Contact us today to learn more!