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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.

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 selecting winners from more than 100 companies across five global markets.

International Trade Awards spokesman James Sinclair praised Scottish Pacific Business Finance as a strong non-bank lender who for 30 years has helped businesses enhance cashflow and boost working capital in Australian and New Zealand markets and abroad.

“Scottish Pacific continues to grow their offering globally, as an ASX-listed company, and their SME Growth Index provides insightful information and highlights the issues facing the SME sector,” Mr Sinclair said.

Scottish Pacific CEO Peter Langham said the award for Best Business Finance Provider Australia Pacific was a great acknowledgement of the achievements of Scottish Pacific’s 280-strong team across three continents, and an inspiration to help even more SMEs achieve business success.

Mr Langham said any business expanding into new markets, dealing with rapid growth or trying to manage short-term problems is faced with working capital constraints.

“Our focus is to help customers solve cash flow problems by providing a broad range of finance solutions including debtor, trade and supply chain finance. It’s all about finding new ways of making approvals, processes and technology easy for SME owners to deal with.

“For customers stepping into the international trade market, as well as providing funding we have the people on the ground to help them navigate new trade territories.

“By funding established and start-up businesses who might otherwise struggle to get approval from the bank, or who don’t want to be constrained by banks’ conditions of credit, we believe we can make growth easier for SME entrepreneurs and give them the best chance of success,” he said.

SMEs increasingly looking to new import and export markets

Small to medium businesses are increasingly willing to expand into new markets, with the most recent SME Growth Index revealing that more than half of the owners of growth businesses had plans to expand overseas or domestically. This figure has doubled since the Index began monitoring SME intention in 2014.

“Entrepreneurs want to put the right funding in place so they can embrace what is an increasingly smaller globe, to take advantage of existing markets as well as major opportunities in new markets, with growing economies and an expanding middle class of consumers,” Mr Langham said.

“These entrepreneurs have enough challenges around the competitive market, economic conditions and emerging technologies such as crypto currencies and blockchain.

“We try to make the finance side as fast and efficient as possible for them, with a simple application process, facility approval within 48 hours and funding that is not tied to real estate security and that grows in line with their business revenue.”

Cashflow is a barrier to SMEs looking to expand trade

Scottish Pacific’s SME Growth Index data shows that just under one in five growth SMEs are planning both overseas and domestic expansion.

At the same time, there has been a jump in SMEs citing cashflow as a key barrier to their growth, with almost 7 out of every 10 businesses affected.

“As Australia and New Zealand’s largest specialist working capital provider, we recognise that speed to market and ease of doing business are vital for SMEs,” Mr Langham said.

“We are now providing even broader funding options to SMEs, including progress claim finance, asset finance and bad debt protection, with more new products are in the pipeline.

“With teams in Australia, New Zealand, the UK and China, and the largest sales team of any working capital operator in the market, our scale helps increase SMEs’ access to low cost funding and broadens the size range of businesses we are able to fund.

“This means we can help businesses looking to seize upon import and export opportunities to find the best way to fund their market expansion,” Mr Langham said.

For more information on the awards and interviews with the winners, visit https://www.tradefinanceglobal.com/services/international-trade-awards-2017/winners/

Scottish Pacific Business Finance is part of the Scottish Pacific Group (ASX:SCO), an ASX300 company. As the largest specialist working capital provider in Australia and New Zealand we help SMEs increase their cashflow and achieve their business aspirations. More than 1700 clients in industries including transport, labour hire, manufacturing, wholesale, import and printing, benefit from our broad range of debtor, selective invoice and trade finance and other solutions to help businesses grow. Scottish Pacific handles more than $15 billion of invoices each year, providing funding exceeding $1 billion. Established in 1988, the business has full service bases in Sydney, Melbourne, Perth, Brisbane, Adelaide, Auckland, London and China.

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

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