Liquid Capital Corporation Announces Referral Affiliation With Bibby Financial Services
April 25, 2008 // Franchising.com // (Toronto, ON and Irving, TX)---Liquid Capital Corporation and Bibby Financial Services have entered into a mutual referral affiliation to increase service selections to their client base. Liquid Capital and Bibby will complement their client portfolio with ancillary products, out-of-the box business opportunities and an enhanced business relationship that both companies will benefit from in the long term. This affiliation will strengthen the firm positioning in the industry that both companies currently hold.
"With an ever growing number of businesses discovering factoring as the solution to funding their working capital needs, this affiliation will increase the market potential that both of our companies can find solutions for," said Brian Birnbaum, a founder and director of Liquid Capital. "This will greatly assist our existing prospect market by coupling both businesses and offering a working capital solution tailored to many businesses needs."
Founded by Birnbaum, Sol Roter and Barnett Gordon in 1999, Liquid Capital is an international network of franchise owners or "principals" who help small- and medium-size businesses grow and succeed through factoring, a specialized financial service that provides immediate financing secured by credit-worthy account receivables. Clients include both small, growth-oriented businesses and established mid-sized companies who oftentimes require additional working capital when money is tied up in accounts receivable and obtaining funding from banks and other traditional resources means a long and arduous process. Factoring allows businesses to launch new product lines, support market expansion or simply weather seasonal ups and downs. Liquid Capital also offers an extensive package of financial management services that allows clients to focus on operating their business without the need for a credit and collections staff. Liquid Capital currently has a network of 35 franchise owners or "principals" in 20 states in the U.S. along with 25 franchise owners throughout Canada. Eight principals joined the Liquid Capital network in 2007 and projections call for 50 principals to be added in the United States in 2008 and 10 in Canada. For more information, visit www.liquidcapitalcorp.com.
Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail. Bibby Financial Services is a world wide, marketing leading specialist of business cash flow solutions to small and medium sized enterprises. Their product portfolio includes receivable finance, factoring, export finance, purchase order finance, and specialist solutions for the staffing and trucking sectors. Operating via a global network of 29 autonomous operating companies in the United States, Canada, the United Kingdom, France, Germany, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 7,000 clients worldwide. For more information, visit www.bibbyusa.com.