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Update: The Australian and New Zealand operations of Bibby Financial Services were acquired by Scottish Pacific Business Finance in late 2015 to create Australia’s largest non-bank invoice finance specialist. Welcome to our website.

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Recent Scottish Pacific Business Finance posts

How Australian Businesses Can Prepare for Trade Disruptions During Chinese New Year

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Valued at $183 billion, China was Australia’s top two-way trading partner in 2017 and accounted for 24% of total trade . This means major events in the Chinese economy can impact Australian businesses.  One of the biggest is Chinese New Year. In this post, we’ll discuss the basics of this major...
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  24 Hits
24 Hits

What Are Neobanks and What Do They Mean for SMEs?

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Online banking is nothing new. It’s been around since 1994, and in more recent years it’s become mainstream for both consumers and businesses. As of 2018, over 54.2% of Australians used online banking, with 46.5% accessing their accounts on mobile devices. The concept of neobanks, however, is still ...
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  38 Hits
38 Hits

6 Tips to Access Working Capital During the Busy Build Up to the Holiday Season

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The holiday season can be lucrative for SMEs. In fact, holiday sales account for around 20% of annual total sales for most businesses. And for some, it can be as high as 30%.  But in order to capitalise, SMEs need to ensure they have access to the necessary working capital in the busy period le...
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  190 Hits
190 Hits

Exploring Your Hidden Assets: 3 Assets You May Not Realise Can Help Boost Your Cash Flow

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One of the biggest obstacles that prevents SMEs from growing and flourishing is cash flow shortages.  According to a recent survey by Intuit Quickbooks , “61% of small businesses regularly struggle with cash flow.” Furthermore, “Among those small business owners who have had cash flow issues, n...
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  190 Hits
190 Hits

Everything Your Business Needs to Know About Invoice Financing and Invoice Factoring

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Working capital has been called the lifeblood of business. It’s what allows you to purchase inventory, pay your employees on time, buy and maintain equipment and reinvest.  Unfortunately, many SMEs struggle in this department because of slow or late payments. In fact, ...
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  285 Hits
285 Hits

theBankDoctor, Neil Slonim, runs an expert eye over what business owners should know about the non-bank lending sector

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Neil Slonim founded theBankDoctor in 2013 as a not-for-profit online resource centre to help small business owners better understand the wide range of funding options available so they can choose the product and lender that best fits their needs. Neil was one of many industry advocates consulted to ...
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  295 Hits
295 Hits

Does My Business Need to Lodge a BAS? Everything You Need to Know

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A business activity statement (BAS) is a form that certain Australian businesses must submit to the Australian Taxation Office (ATO) to report their tax obligations . Some specific obligations include goods and services tax (GST), pay as you go (PAYG) tax instalment, pay as you go (PAYG) tax withhel...
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  390 Hits
390 Hits

Keeping Up with Growth: 8 Cash Flow Management Tips for Small & Medium Businesses

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The Australian economy is looking good, and the majority of SMEs are experiencing bigger profits in 2019. According to Scottish Pacific’s March 2019 SME Growth Index , “Growth businesses are forecasting an average 4.9% revenue rise (up from 4.5%), and only 1in 4 SMEs expect revenues to remain flat.”...
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  791 Hits
791 Hits

The Small Business Dilemma of Selling to Major Retailers

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Selling to big name retailers like ALDI, Woolworths, Coles and Bunnings can be a huge opportunity for small businesses. These major chains can be very profitable customers and fantastic for getting your product and brand in a more visible space.  But there’s a dilemma. With extended payment ter...
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  1260 Hits
1260 Hits

Into the Mines: How Businesses Can Grow Along with Australia’s Booming Mining Industry

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The mining industry has played a key role in the Australian economy for quite some time. It dates back to the gold rushes of the mid-19th century and accounts for around 7% of today’s GDP . “Australia is a global top five producer of gold, iron ore, lead, zinc and nickel and also has the world’s lar...
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  889 Hits
889 Hits

Revenue Growth for Australian Businesses on the Rise

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The March 2019 Scottish Pacific SME Growth Index Report made many interesting discoveries about the current state of Australian businesses. While some findings were discouraging like increased difficulty accessing funding due to property downturns and the Royal Commission, others were quite encourag...
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  202 Hits
202 Hits

Everything Australian Companies Need to Know About Corporation Tax

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Handling taxes is notoriously complex for Australian businesses. It can be overwhelming for SMEs, especially if you lack a dedicated, in-house accounting team.  But it’s vital to understand relevant tax laws, what your company tax rate is and how to properly report this information. This ensure...
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  409 Hits
409 Hits

The Key Differences Between Contractors and Employees

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“Is a worker a contractor or employee?” This is one of the most common questions asked by employers. And it’s one you need to get right for payroll tax and obligation purposes. Otherwise, misclassifying workers can leave you liable for employment taxes, and you may get hit with costly penalties. In ...
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  1099 Hits
1099 Hits

3 Lending Options That Overcome Poor Personal Credit

Can I Take Out a Business Loan with Bad Personal Credit?
Access to capital is vital to your company’s growth and sustainability. You need it for purchasing inventory, buying equipment, hiring employees and boosting marketing efforts. Unfortunately, many businesses face a shortage of capital. In fact, nearly two-thirds start with less than $70,000 AUD. If ...
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  350 Hits
350 Hits

How to Ensure Adequate Cash Flow in the Face of Australia’s Minimum Wage Increase

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On 1 July 2019, the Fair Work Commission increased the national minimum wage in Australia by 3%. While this may not sound like that big of a deal, it could have a significant impact on cash flow for many SMEs.  In this post, we’ll look at the details and explain how to ensure your business has ...
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  384 Hits
384 Hits

What Are Some Viable Financing Options for a Small Business?

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Small businesses are Australia’s economic backbone. Recent research found, more than 99% of all Australian companies are small businesses, and they contribute $380 billion AUD to the economy.  But one consistent issue these companies face is obtaining capital. Roughly a third of small businesse...
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  483 Hits
483 Hits

Equipment Financing with the Updated Instant Asset Write-Off Scheme

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Whether it’s heavy industrial machinery, office computers or anything in between, having the right equipment is vital to the success and longevity of your business. Not only is it essential for completing daily tasks and increasing productivity, it’s necessary for long-term, sustained growth. Of cou...
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  1101 Hits
1101 Hits

SME owners make it clear what they want from new Federal Government

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Whether the new Australian Federal Government is Labor or Liberal, small business owners are very clear about what actions they want the new government to take to provide the right environment for them to flourish. Scottish Pacific’s latest SME Growth Index research asked more than 1200 small busine...
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  589 Hits
589 Hits

SME Finance Solutions That Don’t Involve Property Security

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Scottish Pacific’s March 2019 SME Growth Index unearthed many interesting findings. One of the main themes involves property security and its negative impact on business funding. In this post, we’ll examine the overarching sentiment toward property security and offer solutions for companies who don’...
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  1429 Hits
1429 Hits

9 signs that your SME clients need business funding

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Businesses that are expanding: growing pains can place massive pressure on business cash flow Freeing up the family home: business requires more funds than available equity Slow paying debtors: clients can sometimes take advantage of a good working relationship and draw out payments Turning away new...
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  1472 Hits
1472 Hits

AWARD WINNING SOLUTIONS

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         Industry Cash flow  Lender
      Award Winners 5 years in a row

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