SOURCE: Bibby Financial Services

Bibby Financial Services

July 06, 2011 12:52 ET

Bibby Financial Services Funds Canadian Recycling Materials Manufacturer

TORONTO--(Marketwire - Jul 6, 2011) - Bibby Financial Services announced today that it provided a $750,000 facility for an environmentally friendly Ontario-based manufacturer of chemical recycling equipment.

This company strives to provide both environmentally friendly and economically sound services. Each year it saves its customers millions of dollars while eliminating millions of pounds of greenhouse gases.

"This company prides itself on staying ahead of the technology curve to make chemical recycling safe and efficient. They benefit from having increased working capital to help them with ongoing business expenses," said Bob Lall, Managing Director of Bibby Financial Services Midwest and Canada. "We are always happy to finance companies that are working in green industries so they can continue to grow without tapping into equity or tying up business or personal assets."

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small and medium-sized companies. With offices in eight North American cities and 13 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty delegated authority program. Bibby Financial Services is a subsidiary of a 203-year-old privately held company based in the United Kingdom.

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