SOURCE: Bibby Financial Services

Bibby Financial Services

April 20, 2011 11:38 ET

Bibby Financial Services Funds Growth for the Transportation Industry

Creates Cash Flow for Government Supplier; Truckers Feeling Crunch of Rising Fuel Costs

NASHVILLE, TN--(Marketwire - Apr 20, 2011) - Bibby Financial Services announced today that its subsidiary, Bibby Transportation Finance, provided a $1 million factoring facility for an Alabama-based transportation company.

This business focuses on fleets of flatbed trucks, specialized carrying vehicles, and Department of Defense contracts. It is taking advantage of its new liquidity to smoothly manage the day-to-day expenses of operating a transportation company.

"Cash flow solutions for companies providing goods or services to the government is one of the specialties of Bibby Financial Services," said Ian Varley, Managing Director of Bibby Transportation Finance. "Our staff has years of experience handling government invoices, so we are able to provide our clients that have government contracts with turn-key financial solutions."

"We can also help transportation companies feeling the pressure of rising fuel costs," Varley added. "We are ideally suited to help create cash flow for companies ranging from the smallest owner operators to larger, more established trucking businesses."

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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    Bibby Financial Services, Inc.
    Stacy Gaylord