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Bibby Financial Services Funds Chef’s Requested Foods With $3MM ABL Facility

April 29, 2016, 08:01 AM

Bibby Financial Services announced the provision of a $3 million revolving line of credit with a $150,000 real estate term loan to Chef’s Requested Foods, Inc., an Oklahoma City-based processor of quality-grade steaks and meats. Chef’s Requested Foods engaged with BFS because of the lending company’s creative and flexible funding solutions. BFS offered the financial support needed to supplant the company’s existing lender and provide additional funding to fulfill the distributor’s working capital needs.
“The Bibby Financial Services team offered a level of customer service which we’ve never before received in a lending environment,” says John Williams, president and owner of Chef’s Requested Foods. “Not only did they make the transition between lenders seamless, they also empowered our company with the resources needed to sustain and grow our business in a competitive market.”
The funding supports increased distribution of the company’s key products within the retail and food service sectors. Within the first month of engaging with BFS, Chef’s Requested Foods has increased distribution into over 2,000 new U.S. grocery store placements.
“We take pride in offering our clients a high level of service while also enabling them with the funding needed to catapult growth to the next level,” states Barry Kastner, Executive Vice President, Bibby Financial Services. “We look forward to supporting Chef’s Requested Foods as the company enters into a new stage of growth.”
Bibby Financial Services, a worldwide market leader in business financing solutions, supports businesses of all sizes in virtually every industry with flexible, customized funding 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.

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