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Bibby Financial Services Provides $5MM CAD AR Facility to IT Systems Manufacturer

May 23, 2018, 07:00 AM
Filed Under: Manufacturing

Bibby Financial Services (BFS) recently completed the funding of a $5M CAD AR facility to an IT systems manufacturer based in Ontario.

The company needed a new senior lender and chose BFS due to their global presence and ability to scale with the client. This facility, in conjunction with a PO financing facility, will allow the company to fulfill its outstanding orders and provide ongoing working capital to fund the growth of the business.

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