|By Marketwired .||
|June 27, 2014 10:00 AM EDT||
TORONTO, ON -- (Marketwired) -- 06/27/14 -- Bibby Financial Services announced that it has funded a $1.5 million factoring facility for an Ontario-based packaging manufacturer. The company has been in operation since 1956 and makes and distributes a variety of custom box solutions for a diverse customer base.
In order to pay off its current senior lender and unsecured creditors, the business turned to Bibby Financial Services. By offering a more flexible financing solution, Bibby Financial Services was able to help the company access the ongoing working capital it needs to maintain the daily operations of its facility.
"This long-standing business needed a more sensible funding solution to afford daily operational needs," said Bob Lall, Managing Director for Bibby Financial Services Canada. "Bibby Financial Services was able to create greater cash flow by leveraging the company's assets and helping pay off the current lender."
About Bibby Financial Services
Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies. With offices in ten North American cities and 15 countries around the world, its product portfolio includes accounts receivable finance, recourse and non-recourse factoring, non-notification factoring, export finance, purchase order finance, asset based lending, specialist solutions for the trucking sector, and it is an approved lender for the Export-Import Bank's working capital guaranty program. Bibby Financial Services is a subsidiary of a 207-year-old privately held company based in the United Kingdom.
For more information on Bibby Financial Services, visit: www.bibbyusa.com or www.bibbycanada.ca, or Facebook at: https://www.facebook.com/bibbyfinancial.northamerica.
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
May. 26, 2016 02:30 PM EDT Reads: 1,739
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 26, 2016 02:30 PM EDT Reads: 1,849
May. 26, 2016 02:00 PM EDT Reads: 1,835
May. 26, 2016 02:00 PM EDT Reads: 2,217
May. 26, 2016 01:30 PM EDT Reads: 2,948
May. 26, 2016 01:00 PM EDT Reads: 1,315
May. 26, 2016 01:00 PM EDT Reads: 1,060
May. 26, 2016 12:48 PM EDT Reads: 223
May. 26, 2016 12:45 PM EDT Reads: 1,985
May. 26, 2016 12:45 PM EDT Reads: 3,011
May. 26, 2016 12:45 PM EDT Reads: 1,849
May. 26, 2016 12:00 PM EDT Reads: 1,563
May. 26, 2016 12:00 PM EDT Reads: 1,999
May. 26, 2016 11:45 AM EDT Reads: 1,993
May. 26, 2016 11:45 AM EDT Reads: 2,185