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Scottish Pacific expands into South Australia to service growth SMEs

Scottish Pacific Debtor Finance, Australia's leading specialist provider of working capital solutions, has appointed Greg Hardiman as Business Development Manager for South Australia/Northern Territory.

Mr Hardiman will provide South Australian and Territorian SME growth businesses with working capital and trade finance solutions.

Announcing the appointment, Scottish Pacific CEO Peter Langham said South Australian SMEs were looking for improved working capital options to help them grow and improve profitability.

"With more than 20 clients already in South Australia, it was only a matter of time before we invested further in this State to meet the working capital needs of the SME market. In Greg, we have someone with specialised local market experience," Mr Langham said.

"Greg's extensive industry expertise, combined with experience financing the South Australian SME market for banks and private lending companies, will help local businesses achieve their growth aspirations."

Mr Hardiman said there were opportunities for Scottish Pacific to support entrepreneurial ventures in sectors including mining, transport and manufacturing, with cash flow management and working capital solutions.

"We understand the important issues facing business in South Australia and we have a huge opportunity to help support the local economy. I've always positively promoted the interests of SA companies and I look forward to offering SMEs reliable funding options to help them achieve growth objectives," Mr Hardiman said.

Debtor finance has become a mainstream funding option for SMEs in Australia, with the take up accelerating significantly over the past 10 years.

There are currently more than 4500 Australian SMEs, with combined annual revenues of $65 billion, using debtor finance. The latest figures from the Debtor and Invoice Finance Association (DIFA) showed the total debtor finance turnover for the 12 months to the end March 2014 was $63.7 billion.

For more information contact:
Kathryn Britt
Cicero Communications
Tel: 0414 661 616

About Scottish Pacific
Scottish Pacific Debtor Finance Pty Ltd provides working capital solutions to SMEs, offering the broadest range of trade and debtor finance solutions in Australasia. Established in 1988, Scottish Pacific has full operations centres in Sydney, Melbourne, Perth, Brisbane, Auckland and China.

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