SOURCE: Bibby Financial Services

Bibby Financial Services

November 12, 2013 10:00 ET

Bibby Financial Services Funds Growing Apparel Company Through Purchase Order Finance

ATLANTA, GA--(Marketwired - Nov 12, 2013) - Bibby Financial Services announced today that it has provided a Colorado-based apparel wholesale distributor with a $325,000 combined accounts receivable and purchase order financing facility. 

The company is experiencing high demand for its products from its growing customer base. It has struggled to seize growth opportunities and fill large orders due to gaps in cash flow.

The apparel distributor turned to Bibby Financial Services for purchase order funding to get cash for its confirmed orders. By giving the company the working capital to execute purchase orders, the business will be able to meet the high demand it is experiencing.

Bibby Financial Services is also working with this company on an accounts receivable facility, which will give it a cash advance on its invoices and a method of easily paying off its purchase order advances.

"Large orders and seasonal sales can put pressure on a company's cash flow," said Leigh Lones, CEO, Bibby Financial Services, Americas. "Purchase order and accounts receivable financing combined give companies the liquidity to fulfill big orders on time, keeping their customers confident and eager to place new orders."

About Bibby Financial Services:

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 15 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 207-year-old privately held company based in the United Kingdom.

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