CHICAGO -- Bibby Financial Services said today that KickStart-its recently introduced funding program that provides non-recourse funding facilities of up to $100,000 to small businesses-has turned in excellent results during its first month of operation, exceeding expectations.
鈥淥ur KickStart funding program has struck a nerve with business owners struggling with cash flow gaps,鈥?said Marcus Ferrari, executive vice president of BFS Direct, a subsidiary of Bibby Financial Services. 鈥淥ur clients like KickStart because the application process is straightforward and the terms are attractive and affordable. And we like these clients because they have creditworthy invoices and we believe small business is the economic engine that will lead the U.S. to future growth.鈥?
One month ago, Bibby Financial Services introduced KickStart, which is aimed at businesses with sales volume of $1 million or less. It appeals to companies in a wide variety of industries and is appropriate for start-up ventures, as well as more established enterprises.
鈥淜ickStart is now attracting clients who just a few months ago thought factoring was too complicated,鈥?Ferrari added. 鈥淚t鈥檚 a great program that rounds out our portfolio of product offerings. So now the toolbox of financing options from Bibby Financial Services is complete.鈥?
Below are a few of the deals that have been closed since KickStart was launched on August 4:
Bibby Financial Services is a worldwide market leading specialist of business cash flow solutions to small and medium-sized enterprises. With offices in 10 North American cities and 27 countries around the world, its product portfolio includes receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank鈥檚 working capital guaranty delegated authority program. . Bibby Financial Services is a subsidiary of The Bibby Line Group, a 202 year-old privately held company based in the United Kingdom.
For more information on Bibby Financial Services, visit: , or on Facebook at: .
For expert advice on small business, please visit CEO Stewart Chesters鈥? blog at:
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