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Bibby Financial Services Provides $4MM Credit Line to Skin Care Device Manufacturer

December 22, 2015, 07:44 AM
Filed Under: Manufacturing

Bibby Financial Services announces a $4 million revolving line of credit for a major manufacturer of skin care devices and personal care products. The company is a leader in cutting edge beauty solutions, high-tech devices and treatments designed for in-home use. With tailored, easy-to-access funding, Bibby Financial Services offers solutions that provide working capital for businesses in virtually any industry.  This transaction is an accounts receivable and inventory facility, provided by Bibby Financial Services, demonstrating their commitment to the middle market.

A new client, the company sought Bibby Financial Services to secure working capital that will provide the necessary time and liquidity to successfully institute a strategic turnaround and growth plan for the company.  As a revolving line of credit, this funding offers the necessary flexibility to tap working capital as needs arise.

“When an organization is looking to implement a turnaround plan, we know that flexible access to capital is critical,” said Barry Kastner, executive vice president of Bibby Financial Services. “By leveraging their assets, the company can now put their vision for growth and success into action, with the support of Bibby Financial Service’s expertise.”

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. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807.

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