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Bibby Financial Services business finance

Whether you want to grow your business or get help to balance the books, Bibby Financial Services could provide flexible funding that frees up your cash or working capital.

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Bibby Financial Services is a specialist, independent, direct lender to SMEs, with more than 40 years’ experience in the sector.

It operates across 9 countries throughout Europe, North America and Asia, and has funded over 9,000 businesses globally.

If you need to release cash to get your business to the next level or just to make ends meet short term, Bibby Financial Services could help with fast and hassle-free business funding. It’s quick and straightforward to apply online at the Bibby Financial Services website.

Loan options

Bibby Financial Services offers a wide range of funding options to SMEs including Invoice Finance and Asset Finance.

Invoice Finance

Invoice Finance allows you to quickly release cash into your business by converting the value of unpaid invoices into ready working capital.

This enables your business to get instant access to the cash you’ve earned when normally you’d have to wait 30, 60 or even 90 days for debtors to settle invoices and for the money to appear in your bank account.

Options for Invoice Finance

  • Factoring. This could be ideal for businesses wanting to bridge the cash flow gap but without the hassle of collecting payments. With this option, you can get up to 100% of invoice value within 24 hours.
  • Invoice Discounting. This is for businesses looking for cash flow support while still keeping control of their invoicing and debt collection processes. To be accepted, your business needs to have been financially viable for at least six months and have evidence of strong credit management. You can get up to 100% of your invoice value, within 24 hours.
  • Forward Finance. This is designed for small businesses with a turnover of up to £300,000. You can receive up to 90% of the value of your outstanding invoices within 5 days of your application being accepted. This allows you to unlock the value of your invoices, with no long-term contracts and no set-up fees.
  • Construction Finance. This is a tailored Invoice Finance solution for businesses operating in the construction sector. Your business is suitable for this if you work under a contract, framework agreement or Purchase Order and have to cover weekly wages and material costs.
  • Export Finance. This is designed to help businesses sell overseas via a dedicated Invoice Finance service. This could be right for your business if you currently sell or wish to sell to customers overseas and receive payments from customers in foreign currencies.
  • Recruitment Finance. This is an Invoice Finance solution catered to the needs of businesses within the recruitment sector. You can release up to 100% of the cash in your invoices with no long-term contracts and one fee as a percentage of your turnover. You can also get support with back office and payroll management through Bibby’s partner RSM Employer Services Ltd.

Compare Invoice Finance

1 - 4 of 4
Name Product Maximum percentage of invoice Invoice terms Turnover/trading criteria
Bibby Financial Services Invoice Finance
From 30 days to 90 days
No specified minimum turnover,
minimum 6 months trading
Release up to 100% of the capital in invoices within 24 hours of raising them. Manage your own credit control and sales ledger or let Bibby do it for you.
Penny Freedom
Penny Freedom
From 10 days to 90 days
No minimum turnover,
no specified minimum time trading
Unlock up to 100% of the capital in invoices, minus administration fee, within 24 hours.
Clear Factor
Clear Factor
From 15 days to 90 days
No minimum turnover,
minimum 6 months trading
Release cash trapped in outstanding invoices (invoices between £100-£10,000) within 24 hours. No Debentures or Personal Guarantees.
MarketFinance Invoice Finance
From 30 days
£100,000 minimum turnover,
minimum 1 year trading
Choose specific invoices to sell or leverage your entire sales ledger. Receive up to 90% of your invoice within 24 hours then the remainder, minus fees, when your customer pays.

Compare up to 4 providers

Benefits of Invoice Finance with Bibby Financial Services

  • Get up to 100% of the value of your outstanding invoices. Depending on the option you choose, you could receive up to the total amount of your invoices.
  • Quick payment. Receive the funds from within just 24 hours of applying.
  • No set-up fees. Bibby Financial Services will take its agreed fee out of the invoice when it is paid in full by the customer.
  • Confidential. Your customers do not need to know you’re using the facility.
  • Optional credit management and bad debt protection. Protect your business from unpaid invoices.
  • Online account management. Manage your account 24/7 through the Bibby Financial Services website.

Is my business eligible for Invoice Finance with Bibby?

If you’re a business that provides a service or product on credit and raises invoices, you may be eligible for Invoice Finance with Bibby Financial Services. Further eligibility requirements vary depending on the funding option you choose.

Asset Finance

Asset Finance gives you the flexibility to purchase essential equipment with affordable repayments instead of a large upfront cost.

Options for Asset Finance

  • Hire Purchase. This allows you to own the asset outright at the end of the term. With fixed monthly repayments, budgeting could be easier and you have the option to refinance existing assets. Assets financed by Hire Purchase are treated as “owned” assets for accounting and tax purposes. Because you can leave your cash in the bank, you’ll have access to money when you need it. When all payments have been received the ownership passes to you.
  • Leasing. This lets you use the latest equipment for a monthly fee without the commitment of ownership. It offers flexible payment structures with the ability to refinance existing assets and you can return the assets to Bibby earlier than planned if you don’t want to continue with the agreement. Bear in mind you would be charged an early settlement fee if you decide to do this.

Compare Asset Finance

1 - 3 of 3
Name Product Asset finance options Asset finance amounts Asset finance terms
Funding Circle Asset Finance
Hire Purchase
£10,000 to £250,000
6 months to 5 years
Bibby Financial Services Asset Finance
Hire Purchase
£25,000 to £1,500,000
2 - 5 years
Bibby can offer you lower initial payments as well as payment holidays to help you business during quieter periods when your equipment is not earning.
Arkle Finance Asset Finance
Fixed Term Rental
Finance Lease
Hire Purchase
Marine Mortgage
Loan & Chattel Mortgage
£5,000 to £500,000
1-7 years
Arkle Finance allows you to adjust your repayments in line with your seasonal income.

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Benefits of Asset Finance with Bibby Financial Services

  • Eases cash flow. Bibby can structure your repayment plan to suit your business needs, easing the pressure on cash flow at critical times.
  • Fixed repayments. Your repayments remain the same over a fixed amount of time, which could make it easier for you to budget.
  • A range of assets considered. Bibby Financial Services funds a broad range of hard assets such as commercial vehicles and construction plant and machinery as well as soft assets such as IT hardware and software and office furniture.
  • Online account management. Manage your account 24/7 through the Bibby Financial Services website.

Is my business eligible for Asset Finance with Bibby Financial Services?

To be accepted for Asset Finance with Bibby Financial Services, you must have an established SME and be able to show you can afford the repayments. You must also own assets worth at least £25,000. Additional eligibility requirements will also apply, depending on the funding option you choose.

The costs you pay to Bibby Financial Services will vary depending on factors such as the type and amount of funding you apply for, the cash flow of your business and its credit rating.

Bibby Financial Services customer reviews

Bibby Financial Services has received positive reviews from its customers, according to customer review site TrustPilot.

It currently has a TrustPilot rating of 4.5 out of 5, based on 610 reviews (updated May 2022). The business lender has received many positive reviews regarding its great customer service, with one reviewing customer saying, “Excellent service friendly team. Could not have done several large contracts without these guys.”

14% of reviewing customers rated Bibby Financial Services a 3 or less, and stated that they had “numerous issues relating to credit limits”, “poor communication”, and invoicing issues when using the invoice financing loan option.

The bottom line

As a direct lender offering more than 35 years’ experience to SMEs, Bibby Financial Services can provide you with a variety of lending options including invoice and asset financing options. However, although many customers have raved about the great customer service, some customers had fallen into issues with the invoice finance loan.

Frequently asked questions

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