Daily News: February 27, 2013

Bibby Provides $7.5MM Factoring Facility to Manufacturer

Bibby Financial Services announced that it provided a Miami-based textile manufacturing company with a $7.5 million factoring facility.

Bibby said the company will use the increased cash-flow to fund growth and cover operating expenses.

“This client chose to work with us because of our commitment to customer service,” said Ian Varley, managing director. “To understand the needs of their business we met with their management team and visited their manufacturing facility. Ultimately, this personal touch helped us understand their company and tailor a solution that meets their specific needs.”