Business Hub Overview

SP 30yr AUS

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.

iStock 1206456759Last updated at: 3/04/20 12:51pm

With the ever-changing economic environment as a result of the COVID-19 virus, businesses need to navigate the complex web of Federal and State and Territory stimulus packages, as well as varied sources of advice and guidance to ensure their business remains viable now and into the future.

To help, we have created a centralised point of reference for advice and updates on all matters relating to managing your business through these challenging times.

Here you’ll find an overview of the federal stimulus package, as well as regularly updated overviews on each state and territories localised initiatives. We have also pulled together an advice page to cover off how you can look to maintain cash flow and operations through these difficult times which includes a useful links and FAQs section to cover off some of the more frequent questions we’re hearing from our various partners, clients and prospects.

Your first point of call should be our Immediate Actions Checklist below. Be sure to also study the relevant stimulus packages available to your business.

National Stimulus Overview
ACT & NSW Overview
VIC & TAS Overview
QLD & NT Overview
WA & SA Overview


Your number one priority needs to be your cash flow and maintaining the war chest as best you can. Below is a top 5 priority list that we strongly advise that you as a business owner or director go through in detail:

  1. Your employees
  • Who is mission critical to your ongoing trading?  Identify these people and keep them safe.  If you can, split them into ‘Team A’ and ‘Team B’ to reduce the chance of everyone being away from your business at the same time if people need to self-isolate.
  • Can you offer your staff any incentives to take (unpaid) leave or temporarily reduce their salary?  Incentives could include an extra week of annual leave next year or finishing at 3pm on a Friday during next summer.
  1. Your clients
  • Look at which clients are your top 5 revenue earners?  Call them to ask if they can pay you early and if they will still be ordering from you next week / month.
  • Speak to your clients every week; their world can change quickly and you want to be across any changes as soon as they happen.  Make sure your clients are preparing their business to weather this storm in the same way you are. 
  1. Government assistance, including the ATO
  • Have you read through the state, territory and national stimulus packages to understand what support is available to you? Do you know your next steps to accessing these packages? Overview of nationaland state stimulus packages below.
  • If you are on an ATO repayment plan, have you called to ask for a temporary (3 – 6 month) stop to your regular repayments? Find out more here.
  1. Funding
  • Regular and honest communication with your financier is key.  Have a good think about what help you need; if you need additional money, do you have anything else to offer to support your request? 
  • Have you read through the Government stimulus packages available?  Many banks are deferring mortgage repaymentsfor 3 - 6 months if you need some hardship support. 
  1. Operations
  • Engaging early with your suppliers to discuss the possibility of extended payment terms is recommended. You may be given additional time to pay, relieving pressure on your cashflow.
  • If you trade from rented premises, proactively call your landlord and ask for some relief.  Options may include reducing rent now and paying more when covid-19 passes or renegotiating your rent to only pay a % of revenue.

More resource and info can be found below, or to discuss how ScotPac can help submit your details in the below form or call us today to discuss.

Guidance, Resources & FAQs


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sp awards2019

         Industry Cash flow  Lender
      Award Winners 5 years in a row