Bibby Financial Services (BFS) North America extended $4.9 million in financing to new clients in 2020.
Brief details of the transactions are:
- $2 million ABL line to a manufacturing company. The client is a manufacturer of single and multiple-part continuous computer paper and custom business forms.
- $900K a company that manufactures navigation aids (lights, signs, buoys, etc.) and helideck products primarily for offshore oil. The client has multiple operations in the US and abroad. The UK sister company has factored with Bibby Financial Services since 2018.
- $1.5 million to a mobile staffing agency and $500,000 to a printing equipment supplier in business for over 40 years, among other new deals.