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April 11, 2019 For the first time in the five years and 10 rounds of the Scottish Pacific SME Growth Index, the number of SMEs who turn to their main bank to fund growth has dropped below the 20% mark. The SME Growth Index research released today is conducted independently by banking analysts East...
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April, 2019 - 9pm Outlined below are the main Federal Budget initiatives targeted at SMEs, along with whether small to medium business owners really wanted the Government to prioritise that initiative. The data comes from a survey released this week of 1257 Australian SMEs, as part of Scottish Pac...
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April 1, 2019 With the Federal Budget tomorrow and an election on the horizon, a national survey reveals clear expectations of what the government should prioritise for the small to medium business sector. SME Growth Index research released today shows that, when asked what SME priority the new Fe...
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March 21, 2019 Eight out of 10 business owners say they resent providing property as security to fund their SMEs, and overwhelmingly they would be willing to pay a higher interest rate to get property out of the funding equation, according to national research to be released next week. SME Growth ...
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February 21, 2019, 2019 New research shows the SME sector thinks it will be harder to access business funding in the aftermath of the Royal Commission into Banking. One in five SMEs have already experienced Royal Commission-related funding difficulties during 2018. Independent research by East & ...
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November 14, 2018 Scottish Pacific CEO Peter Langham has welcomed the Federal Government’s move to boost SME access to finance and has signalled that the nation’s largest specialist SME working capital provider is keen to participate in development of the fund. The plan to inject $2 billion into t...
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October 8, 2018 With more than half of Australian SMEs forecasting improved revenue, cash flow and property market issues must be overcome if they are to reach their growth potential. The latest Scottish Pacific SME Growth Index has been released today, with East & Partners providing a national sn...
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July 2, 2018 Australasia’s largest independent provider of working capital to SMEs, Scottish Pacific, has welcomed ASBFEO’s Affordable Capital for SME Growth inquiry recommendations. Ombudsman Kate Carnell has released eight recommendations to increase the supply of capital and raise SME business ...
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May 9, 2018 The CEO of Australia’s largest specialist SME working capital provider, Peter Langham of Scottish Pacific, says last night’s Federal Budget is generally good news for the start-up and small to medium business sector. Mr Langham said while there were no major shocks in the 2018-2019 Bud...
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Small to medium business owners are almost as likely to seek an alternative lender as to use a bank to fund their growth in 2018 Three-quarters of SMEs who used alternative lending in 2017 chose debtor finance Growth SMEs are five times more likely than steady or declining SMEs to look for non-ban...
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March 15, 2018 Today’s release of the latest Scottish Pacific SME Growth Index, which polls small to medium business leaders across Australia, shows more than half are forecasting positive revenue growth in 2018. This twice-yearly national snapshot of Australia’s small to medium business sector sh...
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November 24, 2017 The nightmare before Christmas for many small to medium businesses is the thought of how they’ll pay their BAS at the end of February. For thousands of SMEs, the lead-up to Christmas can be incredibly busy (see Heritage India Imports case study below). Things then go quiet for up...
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November 2, 2017 Scottish Pacific has been named the Australia Pacific region’s best business finance provider in the 2017 TFG International Trade Awards announced in London overnight. Trade Finance Global (TFG) annually recognises the best and most innovative trade finance businesses, with judges...
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September 21, 2017 The latest Scottish Pacific SME Growth Index, which polls more than 1200 small to medium business leaders across Australia, is out today. It highlights the sector’s revenue expectations and key concerns, and indicates what SMEs, if they were Prime Minister for a Day, would change...
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June 22, 2017 End of financial year housekeeping, combined with a review of cash management processes, will put small to medium businesses in a strong starting position for the new financial year, according to Australia’s largest independent funder of SMEs, Scottish Pacific. Cashflow conversations...
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June 15, 2017 National growth business financier Scottish Pacific and payroll specialist Oncore Contractor Payroll Solutions have announced a funding partnership to facilitate Oncore’s growth plans. Oncore’s decision to fund their national business using debtor finance is an example of the innovat...
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June 14, 2017 Leading national working capital specialist, Scottish Pacific, has noted increasing requests from subcontractors for funding that will solve their specific cash flow issues. Scottish Pacific discusses four tips to help subbies smooth out cashflow, as they roll out Progress Claim Finan...
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Research highlights business sector’s potential lost billions due to cashflow issues Thursday March 23 2017 Cashflow issues are holding back SME revenue growth, and there is a clear move beyond traditional banks to fund business expansion – two key trends revealed in the latest Scottish Pacific SM...
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March 22, 2017 Australia’s largest specialist provider of SME working capital solutions, Scottish Pacific (ASX:SCO), has been promoted into the S&P/ASX 300 Index. The Index consists of companies selected by Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX), and provides exposure...
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Tuesday February 21, 2017By Peter Langham, CEO of Scottish Pacific The increasing need for business funding options beyond the traditional bank overdraft provides a great opportunity for accountants to get closer to their clients by helping them to source the appropriate working capital. The banki...
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Tuesday February 7, 2017 Rob Lamers has been appointed General Manager, Queensland, of Australasia’s largest specialist provider of working capital solutions, Scottish Pacific Business Finance. Rob started his career in banking more than 25 years ago and has more than 18 years’ experience within t...
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Queensland small business owner Justin Cavanagh reflects on some of the issues he faced as an SME starting a business in boom times, including the best way to fund sustainable growth “Starting a business in boom times was a low-risk strategy. My wife Kelly and I financed it ourselves, we had the ri...
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If millennials never buy their own homes, it’s not just the property sector that would be affected. This scenario would lead to a major transition in how Australia’s small business sector is funded. Wednesday November 2, 2016 SYDNEY A decreasing rate of home ownership will shake up Australia’s lon...
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Monday September 19, 2016 SME owners are working up to 80 hour weeks, are losing sleep about cashflow and almost one in four are predicting revenue to decline through to the end of 2016, according to results of the Scottish Pacific SME Growth Index released today. Since September 2014 Australia’s ...
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Listing day for the largest independent funder of Australian and New Zealand small and medium sized business sector SYDNEY - Wednesday July 13, 2016 Scottish Pacific Group (ASX:SCO) is pleased to announce it has been admitted to the Official List of the Australian Securities Exchange (ASX) and th...
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Tuesday July 5, 2016 - South Australian SMEs will benefit from the announcement today that Australia and New Zealand’s largest specialist funder of small to medium business, Scottish Pacific, is increasing its local presence. Seven new staff have joined Scottish Pacific’s South Australian team, whi...
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Scottish Pacific SME Growth Index March 2016 results are in; Revenue forecasts down, 58% of SMEs are in a positive growth mode, non-bank funding demand increases Our fourth Scottish Pacific SME Growth Index provides an interesting snapshot of the issues currently concerning Australia's vital SME se...
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Scottish Pacific acquires Bibby Financial Services’ Australian and New Zealand business in a deal that increases funding options for SME sector. January 12, 2016 - Scottish Pacific Business Finance today announced that they have acquired the Australian and New Zealand business of Bibby Financial Se...
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Global trade finance award acknowledges Scottish Pacific’s excellence in helping SMEs to grow internationally. Scottish Pacific Tradeline has been named ‘Best Trade Finance Provider 2015’ in the annual international Trade Finance Global Excellence Awards The winners were recognised and commended f...
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SME Growth Index results: growth stumbles, and small business sector starts looking beyond main bank for funding options. Australian SMEs are slightly less confident about growth prospects and show a greater willingness to look beyond their main bank to fund growth compared to this time last year.T...
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Small businesses may be treating the tax office like a bank - but it's a stop-gap measure, warns national SME funder. Rather than run up ATO or credit card debt, there are smarter solutions for SMEs. MANY small businesses may be using the Australian Taxation Office as a line of credit because they ...
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Funding options for Australia and New Zealand’s SMEs broadened today with the announcement that the region’s largest specialist provider of working capital solutions, Scottish Pacific, will now offer selective invoice finance. Scottish Pacific CEO, Mr Peter Langham, said the new funding option for ...
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A third of Australian Small and Medium Sized Enterprises (SMEs) say they have no ultimate plans for their business, with one in five nominating "good luck" as a key driver. A third are not clear on what is fundamentally driving their business. The findings are from the second Scottish Pacific SME ...
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Australia's largest specialist debtor finance provider, Scottish Pacific, has announced a $1.02 billion increase in annual turnover to 31 December 2014. Scottish Pacific Debtor Finance CEO, Peter Langham, said the group recorded 12 month turnover in 2014 of $5.38 billion, up 23.4 percent from the 2...
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If SMEs are to grow, it's crucial that they are wooing the right type of customer. Scottish Pacific Debtor Finance works with hundreds of businesses around Australia to help them grow, by providing the necessary working capital facilities, and CEO Peter Langham said they try to encourage their clie...
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January is typically a crunch month for Australian SMEs who each year face post-Christmas cashflow challenges. Peter Langham, the CEO of Scottish Pacific, a national provider of working capital to SMEs and startups, said SMEs should be managing their cash flow drivers to see their way through the t...
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High taxes and having to deal with multiple taxes topped the list of business growth-inhibitors in a survey of 1,200 Australian SMEs, with 62 percent of respondents citing these issues as a barrier to growth. The survey also found SME owners have significant issues with credit, with 61 percent sayi...
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A majority of Australian Small and Medium Sized Enterprises (SMEs) are forecasting a positive change in revenue in the next six months, but say the availability and conditions of credit are key barriers to their business growth. This is one of the key findings of the inaugural Scottish Pacific SME ...
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SCOTTISH Pacific Debtor Finance has appointed leading debtor finance executive Bob Ada as business development manager in Queensland, to meet demand from SMEs for business funding. Scottish Pacific is Australia's leading specialist provider of working capital solutions and is delighted to welcome M...
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New growth opportunities are emerging for South Australian SMEs as the local economy continues to restructure - but with growth comes risks around managing cashflow. Debtor finance is an increasingly popular funding option for SMEs. A local example is Adelaide-based Ultra Violet Products (UVP), who...
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Scottish Pacific has appointed leading national debtor finance executive Greg Charlwood as General Manager of its specialist cash flow solutions business, FactorONE. FactorONE was established in March 2011, initially in Queensland, to provide fast cash flow assistance to smaller businesses and SMEs...
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As the average time taken to settle invoices reaches its highest point in three years, putting SME finances under strain, Scottish Pacific, Australia's largest specialist working capital provider, says there are some quick ways for businesses to improve cash flow. The latest research from Dun & Bra...
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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 S...
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Scottish Pacific has been named "best cash flow lender" in leading industry publication The Adviser's first non-bank lending awards. The Adviser's Non-Bank Lending Awards 2014 were based on votes and feedback from finance brokers around Australia, for excellence in key areas such as customer servic...
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Australian businesses looking for lucrative import arrangements are expected to flock to the huge Canton Fair, China's largest import/export exhibition, which takes place this month in Guangzhou, the hub of Chinese manufacturing. While the rewards can be great, there are many risks for first time i...
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National working capital solutions specialist, Scottish Pacific, has been dealing with enquiries from SMEs looking to fund growth after the post-Christmas lull - or in some cases, looking for funds to meet their BAS commitments while they wait for outstanding invoices to be paid. With small busines...
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AUSTRALIA'S leading specialist provider of working capital solutions, Scottish Pacific, has reported a 26% increase in turnover from 2012 to 2013, against industry figures indicating a flat debtor finance market. National industry body, the Debtor and Invoice Finance Association, has released figure...
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Senior appointments support ambitious plans in SME finance market AUSTRALIA'S leading specialist provider of working capital solutions, Scottish Pacific, has boosted its senior management ranks on the back of strong growth and ambitious plans for further growth in Australia, New Zealand and China. ...
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Scottish Pacific Debtor Finance is proud to be a major sponsor of the 2nd Sydney2CAMberra charity ride. The concept for the Sydney 2 CAMberra Charity Ride was created after a young Sydney couple from Cronulla lost their son Cameron through stillbirth. The tragic event heavily impacted their lives ...
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Scottish Pacific announces new Trade Finance option for Australian importers The days of importers needing hefty upfront payments before goods can be imported are gone. Australia’s largest independent provider of cash flow and trade finance, Scottish Pacific Debtor Finance, today announced the laun...
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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 d...
