Bibby Financial Services Canada provided accounts receivable funding for Alberta, Canada-based Dansons. The company, which manufacturers the Louisiana barbeque grill, engaged with Bibby Financial Services (BFS) after its bank ended its partnership during the last financial recession.

Due to the reduced lending climate, obtaining another traditional asset-based lending engagement was not an option for Dansons.

First engaging with an accounts receivable financing company in New York, Dansons transitioned to BFS because of its local office and more affordable rates; however, Dansons stayed engaged with BFS because of its culture.

During Dansons’ partnership with BFS Canada, the company grew its revenues by more than 60%. The company attributes a great deal of its current success to the commercial finance leader, stating that the company’s customer service and flexibility is unmatched in its industry.

“If it were not for companies like Bibby Financial Services, a lot of businesses would not have the opportunity to grow and succeed. They provide a fantastic opportunity, and I think without them, there would be a lot more bankruptcies,” said Jeff Thiessen, Dansons president.