SOURCE: Bibby Financial Services

Bibby Financial Services

June 10, 2015 09:00 ET

Bibby Financial Services Funds Packaging Manufacturer With $7 Million Factoring Facility

Alternative Financing Leader Provides Second Multi-Million Dollar Facility in 2015

ATLANTA, GA--(Marketwired - Jun 10, 2015) - Bibby Financial Services announces the provision of a $7 million recourse factoring facility to a packaging manufacturer located in the Midwestern United States.

The manufacturer produces and supplies paper gift packaging to retailers nationwide, including gift bags, gift wrap and stationary, as well as shopping bags, garment bags, boxes and packaging accessories. The company will use the funds for operational needs.

The Institute for Supply Management recently reported that its manufacturing index rose to 52.8 in May, up from 51.5 in April, and anything above 50 indicates expansion. Paper products was listed as one of the 14 industries reporting growth in manufacturing in May. "We've seen a revival of American-made goods and products of late, and we are proud to play a part in the resurgence of U.S. manufacturing," says Leigh Lones, Bibby Financial Services Americas CEO.

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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