Bibby Financial Services (BFS) provided $1.8M in funding to an emergency relief restoration services company specializing in remedying damages on buildings caused by floods, fire, mold, and asbestos. Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund their day to day operations as the business grows.
In addition to this deal, Bibby Financial Services North America extended an additional $1M to clients, primarily in the transportation industry, in October 2019.