CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Bibby Financial Services Provides $2.3 Million in Financing to Metal Products Manufacturer
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Bibby Financial Services Provides $2.3 Million in Financing to Metal Products Manufacturer PDF Print E-mail
Wednesday, 18 January 2017
Bibby Financial Services (BFS) today announced a combined $2.3 million line of financing to a Chicago-based metal products manufacturer. The company supplies aluminum products for a variety of industries including the automotive, lighting, medical, military and packaging sectors.  The funds, composed of a $1.5 million factoring facility and an $800,000 term loan, will allow the company to expand its business capabilities and serve more clients through the development of new applications and products.

The company’s previous lender, a bank, approached BFS on the client’s behalf when unforeseen events triggered loan covenants, necessitating the bank to exit the relationship. In addition to enabling the client to repay its debt to the bank, the financing from BFS will improve liquidity and support the manufacturer’s efforts to expand into new markets.

“BFS is proud to help small and medium-sized businesses expand by offering financing solutions that are in tune with their very specific needs because we take the time to understand their business,” said Kris Varley, Head of Factoring at Bibby Financial Services. “Our experience serving manufacturing companies is already one of our strongest assets in the relationship with this client. Additionally, we were able to offer an exceptional financing solution by providing the working capital and term loan from a single source.”

Bibby Financial Services provides unique funding solutions to support small and medium-sized enterprises (SMEs) in virtually every industry, including manufacturing. With seven locations across the U.S. and Canada that provide more than $1.5 billion in funding annually, BFS is supported by a global network of commercial finance experts with unique specializations and experience across a range of industries.
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197