Bibby Financial Services Provides Three Million Dollar Credit Facility and Purchase Order Funding...

DALLAS — Bibby Financial Services (BFS) has awarded a $3 million line of credit and Purchase Order funding program to a manufacturing and distribution company in Texas. The company specializes in the production and distribution of professionally licensed headwear and apparel, and required more flexible cash flow solutions immediately. Sam Tork, CEO of Bibby Financial Services (Southwest), states, "We worked with the company tailoring the cash flow solutions needed to grow the business as their products and channels for distribution increased. We recognized immediately that they would greatly benefit from our high advance rates and our Purchase Order Finance option." Bibby Financial Services has doubled its clients and volumes in 2007 over 2006 and expects similar strong growth levels in 2008. BFS has an ever expanding... [read full story]