Scottish Pacific CEO Peter Langham says his company has always been passionate about assisting small to medium sized Australian businesses.
So the recent announcement to partner with Efic to provide another finance option for SME exporters is a “perfect fit” for the company.
Scottish Pacific, Australia and New Zealand’s largest specialist provider of working capital solutions for SMEs, is the first non-bank lender to join the Federal Government's export credit agency.
Traditionally, Efic has partnered with the major banks to provide guarantees to assist Australian companies exporting.
“It is very pleasing, says Mr Langham. “It is a great endorsement for our company.”
Mr Langham said the new initiative would certainly help SMEs looking to export.
“It's not always easy for smaller businesses operating in this space to access working capital,” he said.
Established in 1988, Scottish Pacific Business Finance offers a comprehensive range of debtor finance and trade finance facilities.
Easier access to funding
Mr Langham says Scottish Pacific can provide funding against invoices raised on overseas customers through its export finance facilities, making it easier to trade on open account terms.
The new arrangement will mean SME exporters will have easier access to funding to assist them in growing their business overseas.
Scottish Pacific provides working capital for businesses with borrowing requirements from $10,000 up to $30 million.
Exporters would also benefit from the international trade support Scottish Pacific provides from its specialist Trade Finance team.
And Scottish Pacific not only assists exporters, but also businesses that assist exporters.
“It is anybody that is involved in the export supply chain,” Mr Langham says.
Interest from exporters
Mr Langham says though it is still early days, the recent announcement has created a great deal of interest from exporters.
The recent signing of Free Trade Agreements with key Asian trading partners China, Japan and South Korea is also expected to generate new business for the company.
Mr Langham says his door is always open to SME exporters looking for finance to grow their business.
“And Efic is an amazing resource for any business, whether large or small. It is a great resource available free of charge from the Government.”
For more information on how Scottish Pacific can assist SME exporters contact: Australia: 1300 332 867 or New Zealand: 0800 72 68 72