Bibby Financial Services is a leading international business finance provider, specialising in invoice and asset finance. Bibby usually work with businesses in the construction, transport, wholesale, export, and manufacturing sectors, providing a range of invoice finance products and ways to fund new assets and equipment.
There are 40 physical branches 14 countries, including 18 locations in the UK.
Bibby Financial Services Loans & Finance
Bibby Financial Services offer a range of different types of invoice finance, including discounting and factoring. Invoice finance is available for businesses that want to unlock the value in their unpaid invoices, giving them the option to access cash immediately rather than waiting for payment. Your business can release 100% of the value of an invoice within 24 hours with a flexible rolling contract.
This type of finance is designed to make it easier to buy physical business assets, like vehicles and machinery. Leasing and hire purchase are available. Payments can be flexible, and it’s possible to refinance existing assets if needed. When all the payments have been made, your business will own the asset.
A different type of invoice finance, designed for businesses trading abroad. Export and trade finance is open to businesses wishing to or already receiving payments from abroad. The process can make it easier for them to keep their cash flow healthy while their business expands into new territories. Foreign exchange support is also included and funding decisions are usually very fast.
Commercial Mortgages & Bridging Loans
Businesses can use the Bibby commercial mortgage to acquire a new property or refinance an existing property. Finance is available for a variety of different property types, including land, with or without planning permission. Repayment can be through capital and interest or interest only.
Bibby Financial Services Reviews and Ratings
Trustpilot reviews are excellent on the whole, with 73% rating Bibby 5/5. Borrowers think the process is easy and seamless, with great customer service and helpful advice. There are a few regretful customers who have had problems with communication and receiving funding.
There are no live reviews on Google, Reviews.co.uk, or Smart Money People.
In January 2020, it was reported that Bibby Financial Services could close their Sunderland office. This is part of a “reshaping” of the business so there could be more local closures.
Trustpilot – 4.6/5 (based on 358 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – no reviews
- Ideal for businesses that need to buy expensive equipment, or have cash tied up in invoices.
- Good range of finance types to choose from.
- Most reviews are excellent.
- Some negative reviews from seemingly angry customers.
- Not aimed at every sector. Some business types wouldn’t benefit.
Website: Bibby Financial Services