Press Releases
Bibby Enters Packaged Lend Market with Flexible Finance Solution
Specialist business finance provider Bibby Financial Services has moved
into the packaged lend market with the launch of an innovative new product,
ID Plus+.
The new solution is targeted at firms with turnovers typically between
£5-£25 million and offers funding against a variety of business assets
through: - receivables finance, term loans, inventory and asset
finance.
ID Plus+ is ideally suited to those considering a Management Buy
Out (MBO) or Management Buy In (MBI) and also available to firms looking to
re-finance to support growth and expansion plans across a wide range of
business sectors. ID Plus+ will be managed by a dedicated corporate
finance team, focussed on actively developing and enhancing existing
relationships with finance professionals, from corporate finance houses,
investment banks and accountancy firms.
Bibby Financial Services director Caroline Langron, said: “ID Plus+ enables
finance professionals to offer clients access to one company who can
provide funding lines against their receivables, inventory, plant and
machinery and property. With one source of funding, one client contact and
one set of documents, ID Plus+ simplifies what is often a complicated
process, involving multiple partners, for both the client and the finance
professional advising.
“Bibby Financial Services is the UK’s largest independent factoring company
and has a strong track record within the small business and mid corporate
markets as a specialist business finance provider. With the
launch of ID Plus+ we have used our experience to develop a packaged
lending product which forms a key element of our drive to broaden our
product portfolio.”
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