Breakout Capital, Bibby Provide $200K to Transport Company
Breakout Capital Finance partnered with Bibby Financial Services to complete its first $200,000 FactorAdvantage deal.
Breakout Capital Finance partnered with Bibby Financial Services to complete its first $200,000 FactorAdvantage deal.
Bibby Financial Services closed seven transactions for a total of $7.95 million.
Bibby Financial Services completed the funding of a C$5 million ($3.87 million) accounts receivable facility to an Ontario-based IT systems manufacturer.
Bibby Financial Services provided funding to 91 new clients in the U.S. and Canada during Q1/18. It saw a 30% growth in the number of clients funded in Q1/18 compared to Q1/17, with nearly $23 million in total funding facilities providing business growth over the previous year.
Bibby Financial Services provided $35 million in commercial financing to 64 new clients in North America during Q4/17.
Bibby Financial Services provided an $8 million asset-based credit facility to a global manufacturer of large steel products used by the construction, mining and oil and gas industries.
Bibby Financial Services provided arts and crafts manufacturer Chameleon Art Products with a $750,000 factoring facility to support its U.S. business. Concurrently a £400,000 ($535,000) funding line was advanced to Chameleon’s UK business by Bibby Financial Services in the UK.
Bibby Financial Services provided a $7.25 million asset based revolving credit facility to a U.S.-based metal and aircraft engine processor and recycler.
Bibby Financial Services provided a $3 million factoring facility to support a U.S.-based global manufacturer and distributor of organic salad dressings.
Bibby Financial Services funded 81 new clients in Q3/17, providing $23.8 million in commercial lending to small and medium-sized businesses in North America.