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Bibby Financial Services Provides $22.5MM in New Client Funding in Q1

April 28, 2017, 07:17 AM
Filed Under: Company Announcements

Bibby Financial Services (BFS) announced a combined $22.5 million in funding to 70 new clients across a wide range of industries within the U.S. and Canada during the first quarter of 2017. Overall, BFS provided $4M more in funding and supported 19 more clients compared to the first quarter of 2016. This increase in funding represents a 22% increase in business growth year-over-year.

New accounts were secured across all of the company’s business lines and represented an extensive range of industries throughout the U.S. and Canada, demonstrating BFS’s strong growth trajectory in North America. Notably, BFS Canada posted its strongest first quarter ever with an unprecedented 29 deals setting a record for new business performance.

“Our unique financing solutions support small and medium-sized enterprises (SMEs) in virtually every industry, providing business owners with access to working capital and the funding they need to help their businesses grow and thrive,” said Ian Watson, CEO of BFS North America. “The complexity of these deals reflects the highly tailored approach we take to meeting the individual needs of our clients during every stage of their business. The impressive achievements we’ve seen this quarter are a testament to our talented team and the investments we’ve made to strengthen our sales and business development efforts.”

Notable financing solutions delivered during the quarter can be viewed here.

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