Export Factoring & Finance

Export Factoring

Export Factoring allows your business to release cash against your overseas customer invoices.

It’s not a loan, but a way of accessing the cash you’re owed by overseas customers more quickly, helping you manage your cash flow and continue to grow your business.

Find out more about Export Factoring

Why Export Factoring could be good for your business

Export Factoring is ideal for businesses that have customers overseas who have extended payment terms, or businesses that have issues collecting payments from abroad.

Not being paid on time can seriously impact the cash flow position of your business, leaving you short to pay your own employees or suppliers, maybe even preventing you from investing in new opportunities for your business.

Accessing Export Factoring services can help you overcome funding challenges without resorting to borrowing, extending credit or providing additional security to the banks.

We help our clients overcome the many challenges of selling goods or services abroad. Our specialists are all experts in Export Factoring and we have over 35 years’ experience supporting businesses.

Bibby Financial Services operates in over 40 locations, across 14 countries throughout Europe, North America and Asia Pacific.

Looking to expand internationally?

Export Factoring is ideal for businesses who want to expand internationally without taking on extra debt.

Working with Bibby Financial Services means you get access to excellent finance specialists who care about the profitability and growth opportunities for your business.

We promise to save you time chasing up on payments, getting access to your cash in less than 24 hours and we offer a 24/7, 365 days a year online client service portal so you can keep in control of your business.

Whether it’s upfront funding so you’re paid earlier for completed orders or cash flow to fulfil export orders, our specialists are here to help you get the right solution. We also help you overcome the complexities of selling internationally by providing language, currency and time zone support.

Export Factoring & Finance FAQs

Features and Benefits of Export Factoring

Features:

Release the cash tied-up in overseas invoices
Remove complexity of different languages, currencies and time zones
Collection undertaken by trained personnel
We offer Credit Protection
Manage your account 24/7 with our Client Online service

Benefits:

Speed: cash within 24 hours and quicker funding decisions because you have a dedicated point of contact
Experience: supported by our global network providing you language, currency, time zone and legal support
Convenience: check your funding at any time with our 24/7 Client Online service
Security: protect against customer insolvency with Credit Protection

How Export Factoring works?

Invoice your overseas customers

And send a copy to us

We pay up to 80% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

We collect payment on your behalf

Leaving you to focus on running your business

We pay you any remaining balances

Minus any agreed fees

Which businesses are suitable for Export Factoring?

We specialize in businesses that export to:

Europe: France, Germany, the Netherlands, UK and Ireland
North America: USA and Canada
Asia Pacific: New Zealand, Australia, Japan, Korea, Hong Kong and Malaysia

We cover the following industry sectors:

Chemicals
Food Related Industries
Manufacturing
Precision Engineering

How we work with you

You get in touch with us online or by telephone to arrange an initial call for us to understand your needs
Our specialist arranges to speak with you to learn more about your business, your customers abroad, your funding requirements and trade flow. We’ll also want to understand more about the complexities of your business and any outstanding receivables
Once we have the information we need, including financial information, our specialist writes a report for our credit control team who will assess the factoring opportunity and make you a funding offer within a few days
You sign the agreement
You send your invoices and receive up to 80 per cent payment of the invoices the same day from Bibby Financial Services
We take great pride in keeping in regular contact with our customers, ensuring you are receiving the best possible support

No business is the same, but generally, once approved, we can set up your funding facility in a few days. If your funding needs are more complex, we’ll work together to ensure the offer is right for you.

Talk to a member of our team today +65 6922 5030

or

Email us