Bibby Financial Services Funds Security Services Company with $7M Factoring Facility
ATLANTA – June 7, 2016
Bibby Financial Services (BFS) announces that it is providing a $7 million factoring facility to a family-owned provider of professional security and loss prevention services. The company outgrew their prior alternative business funding partner and BFS was able to provide a larger facility to support their growth. The company is known for intense supervision and management of field personnel. This hands-on business model creates a competitive edge, but the high-touch approach also requires more operational resources.
As BFS is backed by banks around the world, it is able to provide companies with substantial and customizable factoring and asset-based loans that smaller commercial finance lenders simply cannot. BFS presented both asset-based lending and factoring as options to the company, with the company ultimately deciding factoring to be the best fit.
“Bibby Financial Services is a leading finance company known for our superior customer service and ability to provide large factoring facilities and asset-based financing at competitive rates,” says Barry Kastner, Bibby Financial Services Executive Vice President. “We collaborate with our customers to focus on the best approach for their business and can customize options to meet the needs of virtually any company across a range of sectors.”
About Bibby Financial Services
Bibby Financial Services is a leading independent financial services partner to more than 10,250 businesses worldwide providing more than $11.6 billion in funding globally. With over 44 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.