SOURCE: Bibby Financial Services

Bibby Financial Services

May 28, 2015 09:00 ET

Bibby Financial Services Closes 88 Deals Totaling More Than $45.5 Million in Q1 2015

ATLANTA, GA--(Marketwired - May 28, 2015) - Six notable transactions that contributed to the company's first quarter success include:

  • A $1.5 million factoring deal based in southern California provided to an apparel company to aid in expanding its reach in the Americas
  • A $1 million factoring deal with a plastics manufacturer located in Toronto seeking to grow market share across the U.S. and Canada
  • A $750,000 transportation factoring deal with a transportation company located in Toronto seeking to expand its supply chain solutions
  • A $750,000 factoring facility provided to a southern California manufacturer of beauty and skin care cosmetics to expand its product line
  • A $750,000 export factoring deal with a defense parts manufacturer and exporter located in the southern United States to be used for working capital
  • A $600,000 factoring deal with a leading coconut water manufacturer based in Florida to allow the company to shift to a straight-to-retail business model

Bibby Financial Services expects to see continued growth of its asset-based lending and factoring facilities throughout 2015. "These partnerships are just a snapshot of the types of deals we are seeing and expect to originate this year," says Leigh Lones, CEO of Bibby Financial Services, Americas. "Our offerings clearly resonate with businesses that need a financing partner flexible enough to handle the rapid growth and expansion we are seeing in these industries."

About Bibby Financial Services
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807. For more information, please visit www.bibbyusa.com or www.bibbycanada.ca.

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