Financing your exports
Cash flow is one of the biggest concerns for exporters.
Faster cash flow turnover can mean more money to invest in stock, staff and market expansion.
This section provides information on how to deal with cash flow issues, find capital for international projects, manage your finances and increase your profit margins.
It also covers foreign exchange, banking and taxation issues.
Getting on top of currency fluctuations is a key part of foreign exchange management. This section offers information and articles to help you consider the risks and formulate a foreign exchange strategy.
There is a wide range of funding options available to exporters. This includes grants, venture capital and equity sharing deals.
Banks remain the easiest and most approachable method of gaining access to funding, with most banks offering tailored services for exporters.
The Australian Private Equity and Venture Capital Association Limited provides detailed information on raising venture capital. Visit: www.avcal.com.au
Finance and insurance
Export Finance Insurance Corporation (EFIC) is the Australian government’s export credit agency. EFIC provides finance and insurance to help Australian exporters overcome financial barriers as they grow their businesses overseas.
EFIC has developed an Export Finance Navigator to provide information on financing your export business through different stages of development: www.exportfinance.gov.au
The Australian Federal government and the state governments offer assistance to exporters through a number of government grants, loan facilities and reimbursement schemes.
The EMDG scheme, administered by Austrade, is a long standing form of assistance to exporters. The scheme pays grants to a large number of Australian exporters each year.
EFIC’s Export Finance Navigator has an online grants finder specifically designed for exporters through different stages of business. The grants finder provides information on both state and federal government financial assistance: www.exportfinance.gov.au