Wow, this grant looks interesting!
You’ll need to login or register to see it.
It’s FREE to register.

Scottish Pacific Business Finance – Export Working Capital Finance

Overview

This program seeks to provide additional working capital support to SME businesses looking to access international markets. It aims to help businesses turn their ideas and opportunities into sales and grow their business in overseas markets.

The objectives of the program are to:
- Keep the business growing through access to additional working capital.
- Prevent business being lost to an overseas competitor.
- Unlock working capital, which can help finance additional contracts.

Scottish Pacific partnered with Export Finance and Insurance Corporation (EFIC) to provide the working capital gap of exporters. Efic can assist by providing a working capital guarantee to Scottish Pacific if the business do not have the assets that are required as security to approve a working capital facility.

An Efic guarantee can support an application to finance a contract where the payment terms are outside Scottish Pacific’s usual credit criteria. The guarantee provides security to Scottish Pacific, enabling them to lend the additional working capital needed to finance an export contract, multiple export contracts with different buyers or to finance involvement in an export related global supply chain.

Scottish Pacific are looking to help in all areas of the working capital cycle, for businesses with borrowing requirements from $10,000 up to $30 million.

Who Can Apply?

Eligible applicants include Australian small to medium sized (SME) businesses that have:
- Potential customers outside Australia.
- The confidence to pitch for their business.
- The capacity to meet overseas orders.
- Lack of funding.
- Business that plays an integral role in the supply chain for Australian exporters.

  • Start-up
     
  • Research & Development
  • Marketing
     
  • Export
     
  • Business Support
     
Documentation Uploaded
Web Overview 2018-08-29 Download
Flyer 2018-08-29 Download

Use these documents as a guide only - always get the latest direct from the Administrator

Add to
Add
Category
Business
Dates
Status Open
Closing Information
This program is open on an ongoing basis.

Value
Funding Type Loans
Co-contribution No
Competitive Yes
Eligible Activities
Activities
Marketing
Export
Who Can Apply?
Location
National
Industries
General - Non-Industry Specific
Difficulty Rating
Administrator
Tier Other
Contacts
Program Administrator
Scottish Pacific Business Finance Pty Ltd
Telephone
1300177485
Email
https://www.scottishpacific.com/contact-us/quick-enquiry
General WebsiteVisit
Program Website Visit