Factoring News, Trainings, Conferences, and Bibby Updates

Here's a look at the latest factoring news including upcoming trainings, conferences, and updates from Bibby Financial. Factoring Conferences The International Factoring Association (IFA) finished up their 2012 conference April 18-21 in Huntington Beach, CA.  If you missed the event keep an eye on the factoring.org website for the the release of the conference cds. They have also announced the IFA 2013 Factoring Conference April 24-27, 2013 at the Fontanebleau Hotel in Miami Beach Florida. Registration will be available mid October. Factoring Trainings There are several factoring trainings still available for 2012 from IFA.  One of these, The Small Factors Meeting, is moderated by Jeff Callender President of Dash Point … [Read more...]

Receivable Funding Benefits Small Business

CHICAGO (BUSINESS WIRE) -- Bibby Financial Services recently provided a $2 million credit facility to a produce company in Northern California. The company buys and sells strawberry plants to growers in California, Florida, and Mexico. In addition, Bibby Financial Services extended a $1 million credit facility to a transportation and logistics company with many fleets and locations throughout the western United States. The company plans to use the funds to meet payroll for independent contractors hired to execute deliveries and service local accounts. Nick Hart, CEO, Bibby Financial Services (CA), states, As we see traditional funding facilities continuing to tighten up on credit, it is important that businesses have the finance … [Read more...]

Bibby Financial Services Funds $1.25 Million

TORONTO, Mar 05, 2009 (BUSINESS WIRE) -- Bibby Financial Services recently provided a $1.25 million funding facility to an Ontario-based transportation company. The funds were used to pay out the company's loan facility with a major Canadian chartered bank and provide it with working capital after the bank had placed it into a special loans unit due to the company's losses. Bibby Financial Services was able to work with those bankers to complete the transaction and provide the client with the cash it needed to continue to operate, meet its obligations and manage its growth. "It is important now more than ever that Canadian businesses receive the financial resources they need to continue to grow," said Kevin Westfall, VP Operations, Bibby … [Read more...]