What's New

Our Purchase Order funding program can provide
you with additional working capital to fulfill your
customers’ orders. Having the extra purchasing
power gives you the ability to take on larger orders
and increase your profits.Whether you need to
purchase the goods locally or from across the globe,
Bibby Financial Services has the expertise to assist
you through the process.
Up-Front Funding
Purchase Order funding can help you when you have
a confirmed order from a credit-worthy customer
but lack the funds to fulfill it.This approach allows
you to capitalize on new sales and growth
opportunities. Financial Services can guarantee
or pay up to 100% of your supplier invoices. Once
the goods are shipped to your customer and delivery
is confirmed, your accounts receivable facility pays for
the funds advanced to complete your order.
Financial Services can provide letters of credit, BFS
Standby Letters of Credit and wire transfer facilities.
The Right Partner
International sourcing can bring extra complexities
to your business. Having a reliable funding partner
that understands the risks and logistics involved in
dealing with international suppliers allows you to
continue to provide your products in an appropriate
and timely fashion.
Flexible Solutions
We understand that business models change, your
products may be sourced internationally and sales
could be seasonal.This is why our Purchase Order
funding program is flexible and designed to
accommodate different situations. Once set up
properly and used in conjunction with accounts
receivable financing, the Purchase Order funding
program is available as needed with no minimum fees
or contract period.These solutions include:
• Direct Funding:
We can pay the purchaser directly and take
‘ownership’ of the goods.
• Bank Letter of Credit:
A commitment to pay backed by a bank institution
primarily based upon the supplier providing the
correct documentation.
• Bank / BFS Standby Letter of Credit:
As above but guarantees payment from the client
to the supplier. Both Letters of Credit are
governed by the regulations of the International
Chamber of Commerce.
• Supplier Guarantee:
A commitment by B to pay cash generated
from the receivable direct to the supplier.
Benefits
• You can fulfill bigger orders and avoid turning away
purchase orders due to shortage of working capital.
• When letters of credit are used properly, they
reduce business risk by assuring that the correct
goods are delivered on time.
• It enables you to get better buying terms from
your suppliers and build a stronger credit history
with them.
• Complements your current financing by providing
more purchasing power.
Purchase Order Finance
During the last year  Financial Services
funded over $9 billion of accounts receivables in
27 countries for over 7,000 small to medium-sized
businesses.We have full-service regional businesses
throughout North America

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