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Bibby Financial Services Canada Celebrates Ten Years in Business

March 22, 2016, 07:48 AM
Filed Under: Industry News

Bibby Financial Services Canada celebrates ten years in business this month with a continued commitment to growth across all segments and regions of the country.

With offices in seven North American cities and 16 countries across the world, Bibby Financial Services identified Canada as a market with great growth potential for accounts receivable financing in 2006. It was a natural extension of the company’s previously established United States business.

Since entering the Canadian market, the company has grown from three to 28 staff members and 200 clients. The company has funded more than 750 small and mid-sized businesses in the last ten years and provided more than $400 million of funding to businesses last year alone. The addition of asset-based lending to its offering has allowed BFS Canada to expand its reach into an underserved market; most recently, the company provided a $2.5 million ABL loan to a manufacturer in Ontario.

The company’s culture fosters growth and development by engaging employees to develop deep, personal relationships with customers, thereby growing profitability. This is evidenced by the fact that two of the company’s first three employees celebrate ten years with Bibby Financial Services Canada this year – Sangy Ellis and James Poston. The Canadian office also prides itself on diversity. Its current employee base represent 15 countries, including Canada.

Bibby Financial Services Canada recently held a week-long celebration rewarding employees for their hard work. The company will also host several charity-driven events throughout the community during the remainder of the year designed to both give back while celebrating the local community.

“Our entry into the Canadian market proved to be a successful venture. Combined with a stellar team, the conditions in the market have primed the company for continued success,” states Leigh Lones, Americas CEO. “We are excited to continue to create positive impact not only within the businesses we fund, but their respective communities, as well.”

Building on the success of its first ten years, BFS Canada will continue to expand its reach into the Canadian market with three areas of focus: asset-based lending, factoring and freight factoring. Additionally, the company is working to further develop brand awareness in Quebec and British Columbia and strengthen its presence in Ontario. It will also work to cement its reputation for funding export debts as the country has strong export links to the U.S. and Asia.

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 16 countries and seven North American cities.

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