Daily News: November 21, 2019

BFS Canada Provides $1.8MM Facility to Emergency Relief Company

Bibby Financial Services provided a $1.8 million factoring facility to an emergency relief restoration services company specializing in remedying damages on buildings caused by floods, fire, mold, and asbestos.

Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund its day to day operations as the business grows.

In addition, BFS North America extended an additional $1 million to clients, primarily in the transportation industry in October 2019.