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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

8 actions to give your business a head start in 2020

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With the year just beginning to get in full-swing, now is a great time to start to think about how you can make 2020 your best business year yet. Difficult economic conditions are bound to arise throughout the year ahead that can create cash flow challenges for your business. We have put together a ...
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  331 Hits
331 Hits

8 Ways Business Owners Can Manage Their Workload and Reduce Stress

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Running a business has many advantages and can be incredibly rewarding. However, it also comes with an inherent level of stress that can take a toll over time. In fact, 41% of entrepreneurs cited running their business as the number one stressor in their life. Fortunately, implementing some key stra...
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  595 Hits
595 Hits

Using Personal Credit Cards for Business Funding — Risks vs Rewards

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Generating working capital is vital for fueling the growth of SMEs. Unfortunately, it’s often easier said than done, and a growing number of business owners are now resorting to using personal credit cards for business funding. Recent data from a Mercator Advisory Group report found that over a thir...
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  153 Hits
153 Hits

How Asset Finance Works: A Basic Guide to Getting The Most From Your Business Assets

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Having the right equipment is vital to the success and longevity of any business. It helps increase efficiency, maximise productivity and maintain a competitive edge.  However, funding the purchase of major equipment is often easier said than done, and buying it outright may not always be feasi...
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  184 Hits
184 Hits

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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  759 Hits
759 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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  683 Hits
683 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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  1842 Hits
1842 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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  2891 Hits
2891 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 companies struggle in this department because of slow or late payments. In f...
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  845 Hits
845 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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  475 Hits
475 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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  584 Hits
584 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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  1366 Hits
1366 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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  1922 Hits
1922 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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  1077 Hits
1077 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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  339 Hits
339 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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  580 Hits
580 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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  2234 Hits
2234 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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  542 Hits
542 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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  581 Hits
581 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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  745 Hits
745 Hits

AWARD WINNING SOLUTIONS

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         Industry Cash flow  Lender
      Award Winners 5 years in a row

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