Bibby Financial Services Helping Businesses Export

2008-11-08 23:23:02 -

www.bibbyusa.com - Bibby Financial Services recently provided a $2 million facility to a metal products company in Ohio. The company has been in business for sixty years, specializing in manufacturing precision machine components to the automotive, plumbing and electrical part supply industries. The company exports to Mexico and Poland, and Bibby International Trade Finance located in Atlanta, GA, is partnering with its sister company, Bibby Factors Polska to provide a financing and collections service.

Bibby International Trade Finance is a division of Bibby Financial Services specialising in export invoice financing and trade finance. This covers handling multi-currency transactions, international debtor credit checks and credit coverage worldwide, multi-lingual teams, and a network of local currency bank accounts across the globe for convenient invoice payments. Most importantly, Bibby Financial Services has a network of sister companies throughout Europe, India, and Australia that are all linked into the new Atlanta office and provide a seamless service small to mid-size businesses. Bibby Financial Services in the United States and Canada are also members of the International Factors Group.

Ian Varley, CEO, Bibby International Trade Finance states, "Our client was recently turned down by their bank, a result of our changing economy as lenders and credit insurers revise their risk tolerance and pare down their exposure. As credit tightens in the banking sector, we see our services being utilized by a broader base of business owners looking for working capital to continue their growth. Our Export division assists growing businesses by breaking into new overseas markets, and with our focus on providing services to small businesses we can truly offer them working capital solutions rarely found in the marketplace." Varley continues, "We have a proven, 200-year old successful record of assisting companies through all types of economic conditions, by providing the necessary cash flow to help our clients grow."

Bibby Financial Services has doubled its clients and volumes in 2007 and has exceeded expected growth levels in 2008. BFS has an ever expanding regional presence throughout North America with businesses in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Toronto and West Palm Beach. The group has in recent years embarked on an aggressive growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market-leading service to its clients.

Notes to Editors

Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail.

Bibby Financial Services is a world wide, market leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes Receivable Finance, Factoring, Export Finance, Purchase Order Finance, and specialist solutions for the Staffing and Trucking sectors.

Operating via a global network of 29 autonomous operating companies in the United States, Canada, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $9 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit www.bibbyusa.com, www.bibbycanada.ca, www.bibbytf.com, www.bibbystaffingfinance.com, www.bibbyfinancialservices.com.

For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk.

Bibby Financial Services
Jennie Wills, VP Marketing
jwills@bibbyusa.com
(630) 493-3106