Bibby Financial Services announces a major lending deal for early 2016 – a $3 million asset-based loan provided to a Florida-based provider of skilled labor for the oil and gas and marine industries.
 
The value-added service provider has supported offshore oil and gas and marine industries operating in the Gulf of Mexico for 15 years. The company maintains strong market share in several key primary service lines, including rig repairs and upgrade, dockside vessel repairs, upgrades and refits, mobilization and de-mobilization services, completion/commissioning projects, subsea fabrication and marine projects.
 
Bibby Financial Services was referred to the company after its previous lender reduced its commitment to serving the oil and gas sector. Funding from Bibby Financial Services allowed the company to mobilize staff for pending projects and promptly pay key suppliers.
 
“Our strong referral network confirms our reputation as a trusted and reliable provider of asset-based lending,” states Leigh Lones, Bibby Financial Services CEO, Americas. “This allows us to continue to bridge the gap between traditional and alternative lenders, offering companies a viable and flexible funding solution.”