Bibby Financial Services Funds Chef's Requested Foods with $3M Asset-Based Lending Facility
ATLANTA – April 28, 2016
Bibby Financial Services (BFS) announces the provision of a $3 million revolving line of credit with a $150,000 real estate term loan to Chef’s Requested Foods, Inc.,an Oklahoma City-based processor of quality-grade steaks and meats. Chef’s Requested Foods engaged with BFS because of the lending company’s creative and flexible funding solutions. BFS offered the financial support needed to supplant the company’s existing lender and provide additional funding to fulfill the distributor’s working capital needs.
The Bibby Financial Services team offered a level of customer service which we’ve never before received in a lending environment,” says John Williams, president and owner of Chef’s Requested Foods. “Not only did they make the transition between lenders seamless, they also empowered our company with the resources needed to sustain and grow our business in a competitive market.”
The funding supports increased distribution of the company’s key products within the retail and food service sectors. Within the first month of engaging with BFS, Chef’s Requested Foods has increased distribution into over 2,000 new U.S. grocery store placements.
We take pride in offering our clients a high level of service while also enabling them with the funding needed to catapult growth to the next level,” states Barry Kastner, Executive Vice President Bibby Financial Services. “We look forward to supporting Chef’s Requested Foods as the company enters into a new stage of growth.”
About Bibby Financial Services
Bibby Financial Services is a leading independent financial services partner to more than 9,500 businesses worldwide providing more than $1 billion in funding globally. With over 40 operations in 13 countries spanning Europe, North America and Asia, we provide asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services North America has seven offices in the U.S. and Canada that support businesses in virtually any industry. We hold memberships in the Commercial Finance Association, the International Factoring Association, and the American Finance Association. Bibby Financial Services is part of Bibby Line Group (BLG), a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions. To find out more about Bibby USA and Bibby Canada, please visit www.bibbyusa.com or www.bibbycanada.ca.