Bibby Financial Services announced it has expanded its Bibby International Trade Finance product portfolio. To more accurately reflect the new offerings, the office here has changed its name to Bibby Financial Services (South), Inc.

Bibby Financial Services (South), Inc. will now provide domestic recourse and non-recourse factoring as well as non-notification factoring. It will continue to offer international trade finance solutions such as export receivables financing and will remain the BFS North American headquarters for Purchase Order Finance.

“Our expanded product portfolio will provide more local support for our growing client base,” said Ian Varley, managing director. “While we continue to help small businesses reach new markets overseas, we now also offer the same flexible domestic cash flow solutions as the other regional Bibby Financial Services North American offices.”

Continued Varley: “Our goal is to provide access to local decision-makers to more companies in the South. It’s this regional structure that allows us to provide industry-leading customer service with quick turnaround times.”

Bibby Financial Services is a worldwide market leader in business cash flow solutions to small- and medium-sized companies. With offices in eight North American cities and 15 countries around the world, its product portfolio includes accounts receivables finance, factoring, non-notification factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guaranty program. Bibby Financial Services is a subsidiary of a 206-year-old privately held company based in the United Kingdom.