Answering your questions
We have many clients across multiple sectors benefiting from our service. Factoring benefits clients who have customers on long payment terms, or who pay late. We spend the time liaising with your customers over their payments, so you don’t have to, freeing up your time to manage your business and focus on growth. We help improve your cash flow. You also have real-time, online access to status reports via our account management system.
We have experience working with business owners in various industries. We work fast to understand your business, so we can agree on options that work for both of us. We take the hassle of chasing payments away from you, so you can concentrate on growing your business. You don’t even need to provide security. Your invoices are our assets.
We are a forward-thinking, family-owned business that has experience working with many industries around the world. We work in manufacturing, wholesale and distribution, B2B services, Staffing, Engineering, Recycling and Waste Management, Transportation and Warehousing.
Bibby Financial Services operates from 40 locations, across 14 countries in Europe, America and Asia.
We will advance funds against accounts receivable – up to 90 per cent of eligible invoices; equipment – up to 80 per cent of net orderly liquidation value; inventory – up to 80 per cent of net orderly liquidation value; and Real Estate – up to 70 per cent of net orderly liquidation value.
Getting to know your business is a priority. We want to make sure we offer you the best options possible that match the growing needs of your business. We’ll want to talk to you within 24 hours of you contacting us and we’ll need to see a certain amount of paperwork before we make a decision. If we have the paperwork we need from you, we can make a decision in a couple of days of you getting in touch. That’s why our clients like working with us. We don’t hang around.
Costs are dependent on the services you use and the amount of invoices we handle for you.
Bibby Financial Services is a leading independent financial services partner to more than 10,400 businesses worldwide providing more than $1.25 billion in funding annually and handling over $10 billion in client annual sales. With over 40 operations in 14 countries spanning Europe, North America and Asia, we provide asset based lending and factoring solutions to help businesses grow in domestic and international markets.
Established in 2001, Bibby Financial Services North America has seven offices in the U.S. and Canada that support businesses in virtually any industry. We hold memberships in the Commercial Finance Association, the International Factoring Association, and the Turnaround Management Association. Bibby Financial Services is part of Bibby Line Group (BLG), a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions.
stands for Net Orderly Liquidation Value and it is the estimated value a
business would receive if its assets were liquidated in an organized manner
over a period of 6 – 9 months, after sales expense are taken into account.
with the value of the assets stated in your accounts.
You should then rework the NOLV figure
for your main assets as you will need to consider economic realities such as:
· Property or other fixed assets which
have changed in value
· Old assets or inventory which would
have to be sold at a discount
· Bad debts to the business
· Machinery and equipment that has
depreciated over time due to wear and tear
FMV stands for Fair Market Value and it is the reasonable selling price of assets on the market.
Asset based lending can be more cost effective than a loan or a credit line, however, the interest rate is often not the only fee. To avoid surprises, ask the lender for a complete breakdown of the types of services and fees associated with your facility and how often they get revised. Typical fees include maintenance fee, audit fees, and up-front closing fees.
Bibby Financial Services is part of Bibby
Line Group, a diverse and forward-looking family business, with over 200 years
of providing personal, responsive and flexible customer-centric solutions.
We support over 10,400 businesses
world-wide, with more than 40 offices in 14 countries across Europe, America
As well as Asset Based Lending solutions,
we specialize in Invoice Factoring and Invoice Discounting across many industry
sectors and also Transport Finance solutions.
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We don't just fund your business, we believe in it
Speak to a funding specialist