Bibby Financial Services Uses Fast Track Funding to Help Company Squeezed by California Budget Delay

WESTLAKE VILLAGE, Calif.--(Business Wire)--
Bibby Financial Services today announced it provided $250,000 in "Fast Tracking
Funding" to a medical supply company that experienced a cash flow shortage
because of delayed payments from the state of California due to the state`s
ongoing budget crisis.

"This is the kind of situation where our flexibility and responsiveness enabled
us meet a client`s needs when it hit an unexpected "bump in the road"; said Nick
Hart, CEO, Bibby Financial Services. "This company, which serves California
State Prisons, decided to establish a factoring line to ease its cash
constraints so it could continue to pay its suppliers, take future discounts,
and continue to grow its business. It was a great candidate for our Fast Track
Funding program."

Bibby Financial Services introduced Fast Track Funding, which is geared at small
businesses needing advances of $250,000 or less, in 2008 to provide a
streamlined application and documentation process to small businesses to help
them solve immediate cash flow gaps. With its quick turnaround time of 24 hours
and ease of use, it has proven especially popular with companies that have
sudden and immediate cash needs.

"In California right now, the lack of an approved state budget is forcing some
of the state`s vendors into a cash flow stalemate," Nick said. "Our client
decided to avoid that scenario and chose factoring as a dependable and reliable
funding source. "

Bibby Financial Services is a worldwide market leading specialist of business
cash flow solutions to small and medium-sized enterprises. Its product portfolio
includes receivable finance, factoring, export finance, purchase order finance
and specialist solutions for staffing and trucking sectors. Its North American
offices are located in Atlanta, Chicago, Dallas, Houston, Los Angeles,
Nashville, Phoenix, Sacramento, Toronto, and West Palm Beach, as well as 27
other countries around the world. Bibby Financial Services is a subsidiary of
The Bibby Line Group, a 200 year-old privately held company based in the United
Kingdom, that provides business-to business services to a variety of industries
including shipping, distribution, offshore oil field services, financial
services, retail and employment law.

For more information on Bibby Financial Services, visit:
www.bibbyusa.comwww.bibbycanada.cawww.bibbyfinancialservices.com

For more information on The Bibby Line Group of Companies, visit:
www.bibbygroup.co.uk

Bibby Financial Services
Jennifer Wills Hura, VP Marketing
jwills@bibbyusa.com
(630) 697-5700

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