SOURCE: Bibby Financial Services

Bibby Financial Services

October 30, 2012 10:24 ET

Restructuring Distributor Turns to Bibby Financial Services for $2 Million Factoring Facility to Fund Growth

MONTREAL--(Marketwire - Oct 30, 2012) - Bibby Financial Services announced today that it has funded a Quebec, Canada- based company that imports, prepares and packages spices and then distributes them to a wide range of customers.

The company will use its improved cash flow to fund its growth after restructuring.

"This is a growing company with good customers and a strong management team. It needed a finance company that can support its restructuring plans that will help them expand," said Bob Lall, Managing Director, Bibby Financial Services, Canada. "Local decision-makers enable us to respond quickly with creative solutions to provide cash flow to overcome challenges and improve business performance. Our online reporting also provides our clients with 24/7 access to their account information so they can keep their eye on the Big Picture."

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

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