Bibby Financial Services closed 83 deals in the third quarter of 2015. Seven notable transactions that contributed to the company’s third quarter success include:

• $11 million asset-based lending facility to a New York-based developer of licensed celebrity fragrances to expand its product line
• $3 million asset-based lending facility to a manufacturer/distributor of industrial packaging goods based in the southern U.S. to be used for working capital
• $2 million asset-based lending facility to a New York-based manufacturer of sanitation goods to allow the company to expand its reach across the U.S.
• $2 million asset-based lending facility to a candy and snack distributor in New Jersey to be utilized for working capital
• $1 million factoring facility to an importer/exporter of frozen fish and seafood in Quebec to enable the purchase of inventory and fulfill new orders
• $1 million factoring facility to an Ontario-based transportation company to support payroll and operating expenses
• $1 million non-recourse factoring facility to a specialty toy wholesaler in California to be used for working capital and product development

“We attribute our success this quarter to a focus on asset-based lending and several key hires to support this offering,” says Leigh Lones, chief executive officer of Bibby Financial Services Americas. “It’s encouraging to see sustained growth in this relatively new offering, and it bodes well for growth in 2016.”