With this specialized funding, we are providing entrepreneurs with stepping stones to literally
Chicago, IL (PRWEB) August 3, 2009
Bibby Financial Services said today it is unveiling "KickStart" a specialized funding program for entrepreneurs and small business owners that provides accounts receivable financing on non-recourse facilities of up to $100,000.
"America's recession is spurring entrepreneurial and small business development, but often these businesses need financing," said Marcus Ferrari, executive vice president of BFS Direct, a subsidiary of Bibby Financial Services. "We have created KickStart, a nimble, uncomplicated and affordable financing product that can be used for working capital and to fill cash flow gaps to help launch and grow small businesses," he explained. "With this specialized funding, we are providing entrepreneurs with stepping stones to literally "kickstart" their businesses into growth mode to prepare for the future economic recovery."
The KickStart funding program is aimed at businesses with annual sales volume of $1 million or less seeking to borrow up to $100,000. Features include flexible factoring terms and simplified documentation to ease the loan application process so that decisions can be received within 24 hour to 48 hours.
"Early response to KickStart in test markets has been outstanding, with clients particularly drawn to the non-recourse provision in the accounts receivable financing," Ferrari said. "We believe that as our clients expand their businesses, they will turn to us for other financing opportunities such as purchase order financing and large accounts receivable facilities that we can provide to them. "
Notes to Editors
Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized enterprises. Its product portfolio includes receivable finance, factoring, export finance, purchase order finance and specialist solutions for staffing and trucking sectors. Its North American offices are located in Atlanta, Chicago, Dallas, Houston, Los Angeles, Nashville, Phoenix, Sacramento, Toronto, and West Palm Beach, as well as 27 other countries around the world. Bibby Financial Services is a subsidiary of The Bibby Line Group, a 200 year-old privately held company based in the United Kingdom, that provides business-to business services to a variety of industries including shipping, distribution, offshore oil field services, financial services, retail and employment law.
For more information on this press release, contact Lisabeth Weiner at (312) 252-7360