Bibby Financial Services Canada provided a flexible factoring facility for Montreal-based apparel company, Miko International.

BFS’ ability to provide the company with recurring funding, often multiple times a week, was extremely beneficial and a driving factor in Miko’s success.

Miko feels strongly about the importance of local manufacturing and recently moved all operations back to Canada. However, producing garments locally comes at a higher cost. After a year of unsuccessfully pursuing traditional financing from a bank, Miko International contacted BFS for factoring services.

“Bibby Financial Services gave us the footing needed to develop our brand,” said Jen Zaby, head of Operations at Miko’s factory. “The customer service and quick turnaround time we received from BFS afforded us time to pursue additional growth opportunities and expand our brand internationally.”

After exponential growth and a successful entry into the U.S., Miko was able to obtain traditional financing.