Bibby Financial Services launches funding offer for mid-size businesses
No fees and short-term contract on offer as introduction to invoice finance
Banbury, UK - The need for greater flexibility and the importance of excellent customer service are behind the decision by the UK’s largest independent invoice finance provider, Bibby Financial Services, to launch a new promotional offer for larger SMEs looking for funding support.
The new offer, which is available to businesses with a turnover of £500,000 to £1.5 million until 30 November, is in response to research carried out by Bibby Financial Services among 1,000 business owners who cited flexibility and good customer service among the top priorities for a funding supplier.
With the latest figures for the government Funding for Lending scheme revealing that lending to small and medium businesses dropped by £435m in the second quarter, the need for the right funding arrangement for SMEs is paramount.
Now, new Bibby Financial Services customers who contact the invoice finance provider directly can take advantage of no standard fees payable for one month, and a flexible one month rolling contract thereafter. This applies to Bibby Financial Services’ invoice finance solutions, including factoring and invoice discounting facilities.
David Postings, UK Chief Executive Officer at Bibby Financial Services, explained: “Having the right funding partner in place is key to a successful business plan and this means being able to deliver quality customer service on a number of levels. The best partnerships are built on understanding and flexibility, which is something we have always recognised at Bibby Financial Services.
“We’re committed to building long-term relationships with our customers. In fact, our longest standing client has been with us for over 25 years and our customer satisfaction rating is 91 per cent. However, we also understand that different types of funding are suitable for different businesses and that’s why we’re offering small and medium-sized businesses the chance to try our funding solutions on a flexible agreement.
“As part of this offer we will waive all setup costs and fees that are usually charged as part of an invoice finance agreement for the first month. We are confident that the service we offer is second to none and that businesses will choose to stay with us because of this. But if a business decides that invoice finance isn’t right for them, after the first month customers can cancel the arrangement at any time by giving just one months’ notice”, Postings added.
The offer is available immediately to new businesses that apply online at: www.bibbyfinancialservices.com or by calling 0800 91 95 92.
Further information including terms and conditions can be found online at http://www.bibbyfinancialservices.com/Products/products-and-services/offer.
ENDS
NOTES TO EDITORS:
For further information on this press release, or to request an interview or images, please contact Simon Peevers, Rosie Park or Rod Dennis on 0117 973 1173 or bibbypr@brayleino.co.uk
To find out more about Bibby Financial Services visit: www.bibbyfinancialservices.com
To read the Bibby Financial Services blog visit: www.bibbyfinancialservicesblog.com
About Bibby Financial Services
Bibby Financial Services is the UK’s leading independent invoice finance specialist and a trusted provider of cashflow funding solutions to 7,000 businesses, handling annual client turnover of £4.9 billion and advancing in the region of £388 million.
With a network of 17 local offices throughout the UK, Bibby Financial Services has the agility to make informed funding decisions quickly and efficiently.
Bibby Financial Services is a member of the Asset Based Finance Association and supports businesses in both the UK and overseas, utilising expert knowledge from more than 28 years’ experience, helping companies regardless of size across a broad range of industry sectors.
In 2011, 2012 and 2014 the company was awarded a place in The Sunday Times 100 Best Companies to Work For and in 2013 it was awarded the NACFB Best Factor and Invoice Discounter award for the sixth consecutive year and ninth in total.
About Bibby Line Group
Bibby Financial Services is supported by its parent the Bibby Line Group, a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil and gas services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, specialist plant and equipment hire, and retail.
The company was founded by Liverpool entrepreneur John Bibby in 1807 and has its head office in Duke Street, Liverpool.