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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.

Bibby Financial Services is a specialist, independent, direct lender to SMEs, with more than 35 years’ experience in the sector.

It operates in 44 locations across 13 countries throughout Europe, North America and Asia, and has funded over 10,000 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.

How can we help?

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Invoice financing

Unlock the value in your invoices today to access the funding your business needs to move forward.

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Asset financing

Borrow against equipment or property to accelerate your company’s growth.

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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.

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.

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.

Frequently asked questions

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