SOURCE: Bibby Financial Services

Bibby Financial Services

June 20, 2011 12:29 ET

Bibby Financial Services Funds Growth for an International Aviation Restoration & Repair Company

ATLANTA, GA--(Marketwire - Jun 20, 2011) - Bibby International Trade Finance announced today it has provided a $300,000 factoring facility against both export and domestic receivables to a Miami, Florida-based aviation repair station of commercial and military instruments and accessories.

The company, a leading airborne management company, purchases, refurbishes, markets and resells jet engines and parts for large transport aircrafts. It will use the increase in cash flow to finance international growth.

"This client has had great success domestically and is making the calculated decision to grow through exporting," said Ian Varley, managing director Bibby International Trade Finance. "As an approved lender for the Ex-Im Bank, Bibby International Trade Finance is committed to providing companies like this with cash flow solutions to help them export goods or services."

According to the Export-Import Bank of the United States, April's exports of U.S. goods and services reached $175.6 billion, which is the largest monthly total ever recorded, surpassing the March 2011 record of $173.4 billion.

"This increase makes sense as companies work to grow internationally and create jobs domestically. It is a great time for more firms to join the bandwagon and grow their business through exporting," said Varley.

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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