Bibby Financial Services (BFS) has extended its securitisation arrangement for another three years, significantly increasing its funding capabilities to support UK SMEs amid economic pressures. The refinancing deal involves major lenders like Lloyds and HSBC UK Bank, enabling BFS to enhance cash flow access for businesses facing rising costs due to inflation, energy prices, and tariffs. BFS aims to empower around 8,500 SMEs globally through various financial services, emphasizing the ongoing need for flexible capital solutions as small businesses drive economic growth.
"Amid a combination of stubborn inflation, energy prices and tariffs friction, the cost-of-doing-business remains a real concern for SMEs across the country. This agreement provides BFS with significant capacity to help UK businesses access the cashflow they need to overcome these challenges, enabling them to grow and thrive."
"Bibby Financial Services is a long-standing client and we are proud to have supported the business since the securitisation was established a decade ago. Our continued backing, through this new three-year refinancing of the company's core funding facility, is testament to Lloyds' commitment to providing securitised funding to the SME sector."
Collection
[
|
...
]