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Bibby Financial Provides $1MM Facility for British Columbia Manufacturer

October 23, 2014, 07:43 AM
Filed Under: Manufacturing

Bibby Financial Services announced today that it has funded a $1 million recourse factoring facility for a British Columbia-based manufacturer.

The business, founded in 1979, is Canada's largest maker of portable, modular and custom tradeshow exhibits and graphics. It also offers services, including exhibit management, show selection, staff training and exhibit planning.

This established company has been working with a traditional financing source, but turned to Bibby Financial Services for more flexible funding options to accommodate its growth. Bibby Financial Services was able to assist with a recourse factoring facility.

"Established businesses often gravitate toward traditional sources of funding, but as they begin to flourish their needs tend to change," said Bob Lall, Managing Director Bibby Financial Services Canada. "We were able to help this manufacturer secure the flexible financing it needs to continue daily operations."

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies. With offices in 10 North American cities and 16 countries around the world, its product portfolio includes accounts receivable finance, recourse and non-recourse factoring, non-notification factoring, export finance, purchase order finance, specialist solutions for the trucking sector, and it is an approved lender for the Export-Import Bank's working capital guaranty program. Bibby Financial Services is a subsidiary of a 207-year-old privately held company based in the United Kingdom.

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