News Article

Factoring & Invoice Discounting

Bibby Financial Services sets up small business fund to help where Government support has failed

By CreditMan Friday, March 26, 2010

Specialist business finance provider Bibby Financial Services has today announced a multi-million Pound offering to support small businesses in the UK.

Making it easier for these firms to access the funding necessary for them to stay afloat and free up cashflow in order to grow their business, the offer is particularly targeted at businesses with a turnover of less than 250,000.

The bespoke invoice finance offering includes one simple fee with no hidden extras, and short term contracts allowing businesses to access cash quickly and easily. Up to 50,000 will be available against unpaid invoices for each business.

Bibby Financial Services chief executive Edward Rimmer said: We recognise the future potential of smaller and newer, as well as longer-established, businesses, and hope this package will give vital support to help firms where Government funds such as the EFG havent been utilised as they should. This funding stream will go some way to boost the essential contribution of small firms to the UK economy.

About Bibby Financial Services
Bibby Financial Services is a market-leading specialist in the provision of a range of business cash flow solutions to small and medium sized enterprises.

As the UK''s largest independent invoice finance provider Bibby Financial Services currently provides cash flow funding for nearly 3,500 businesses, handles annual client turnover of more than 3.2 billion and advances in the region of 290 million every year to help small and medium-sized firms grow and realise their potential.

Bibby Financial Services has a network of 11 local offices throughout the UK and have the flexibility and independence to make funding decisions quickly and efficiently.

Our aim as the UK''s largest independent factoring and invoice discounting company is to support the cash flow position and growth of our clients in both the UK and overseas, something we have been doing now for almost 25 years.

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