SOURCE: Bibby Financial Services

Bibby Financial Services

July 19, 2011 12:22 ET

Bibby Financial Services Helps Offset Printer Transition to New Technology With $5 Million Facility

TORONTO--(Marketwire - Jul 19, 2011) - Bibby Financial Services announced today that it provided a $5 million facility to a printing company that is adding new capabilities. This Ontario-based firm publishes across a number of sectors, including retail, education, finance and directories.

"Our client felt the effects of the Recession in 2009 as the demand for printed materials decreased," said Bob Lall, Managing Director, Bibby Financial Services Midwest and Canada. "They responded quickly to the downturn by managing costs tightly and developing new digital and virtual print products. Today, they're well positioned and we are happy to fund their growth."

"Factoring is a smart solution for companies that have hit a financial bump in the road that can make them less attractive to their current traditional funders," said Lall. "Since factoring provides cash flow based upon receivables, the amount of working capital available to the client is linked to the sales of the company -- not to their financial history."

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 receivable 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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