FAQs about Factoring

Factoring allows your business to release cash against your outstanding customer invoices before they’ve been paid. The difference between Factoring and Invoice Discounting is that we manage your credit control.

Factoring is a good funding solution for new, growing and established businesses that are unable to obtain traditional bank financing as well as businesses that experience seasonal demand.

With Bibby Financial Services, you’ll have a dedicated accounts team that work with you and your customers

We have many clients across a diverse range of 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.

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.

Call us to have a no-obligation confidential chat with one of our advisers, or to arrange a meeting. We’ll want to know all about your business and whether you’ve used factoring services before or have a current partner. When we know your requirements, we liaise with our credit team who make a credit offer to you and we take it from there.

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 $11.6 bn in client annual sales.

With over 44 operations in 13 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.