A business unit dedicated to providing factoring services to the U.S. trucking industry has been launched by Bibby Financial Services, the largest independent factor in the United Kingdom.
Based in Nashville, the new trucking industry group offers both recourse and non-recourse factoring for freight bills that can be integrated with fuel card ATM access. It also offers fleet customers fuel tax reporting, driver log auditing, document drop and scanning services and discounted insurance, according to the company.
Having funded over $5 billion in receivables last year for over 6,000 clients, Bibby Financial Services has established a variety of niche factoring services in the U.K., Canada, Australia, Poland, France and Ireland, as well as the U.S.
