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Bibby Financial Services Funds Security Company With $7MM Factoring Facility

June 08, 2016, 07:48 AM
Filed Under: Security Systems

Bibby Financial Services (BFS) announces that it is providing a $7 million factoring facility to a family-owned provider of professional security and loss prevention services. The company outgrew their prior financing factoring partner and BFS was able to provide a larger facility to support their growth. The company is known for intense supervision and management of field personnel. This hands-on business model creates a competitive edge, but the high-touch approach also requires more operational resources.

As BFS is backed by banks around the world, it is able to provide companies with substantial and customizable factoring and asset-based loans that smaller commercial finance lenders simply cannot. BFS presented both asset-based lending and factoring as options to the company, with the company ultimately deciding factoring to be the best fit.
“Bibby Financial Services is a leading finance company known for our superior customer service and ability to provide large factoring facilities and asset-based financing at competitive rates,” says Barry Kastner, Bibby Financial Services Executive Vice President. “We collaborate with our customers to focus on the best approach for their business and can cater options to meet the needs of virtually any company across a range of sectors.”
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. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing more than $1 billion in funding across the globe.

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