Media Releases

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.

The latest quarterly analysis of the debtor finance market from theInstitute for Factors and Discounters (IFD) shows the provision of cash flow finance grew by 5% over the same period last year.

Debtor finance remained an attractive alternative for eligible SMEs, according to non-bank provider of debtor finance Scottish Pacific CEO Peter Langham.

"We have no shortage of funds for new clients who need cash flow finance and who meet our standard criteria," he said.

Debtor finance allows small businesses to draw down against the value of their invoices within 24 hours of the invoices being issued.

It works in much the same way as a bank overdraft, but is flexible enough to grow with the business.

IFD statistics for the Australian market for March quarter 2009 showed total factoring and discounting turnover to be $14.9bn, an increase of $720m (5%) on the same quarter last year.

Total turnover for the 12 months to the end of March was $66bn.

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