Bibby Financial Services Canada Supports Ontario Emergency Relief Restoration Company with $1M in Funding

Bibby Financial Services (BFS) provided $1.8M in funding to an emergency relief restoration services company specializing in remedying damages on buildings caused by floods, fire, mold, and asbestos. Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund their day to day operations as the business grows.

In addition to this deal, Bibby Financial Services North America extended an additional $1M to clients, primarily in the transportation industry, in October 2019.

About Bibby Financial Services

Bibby Financial Services is a leading independent financial services partner to more than 10,250 businesses, providing more than $1.25 billion in funding annually and handling $11.6 billion in annual client turnover. With over 40 operations in 14 countries spanning 3 continents, we provide asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services supports businesses in virtually any industry. BFS is part of Bibby Line Group, a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions. To find out more about Bibby USA and Bibby Canada, please visit www.bibbyusa.com or www.bibbycanada.ca