Press Release
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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