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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.

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 for their contribution and dedication to the trade finance sector.

Trade Finance Global’s editor James Sinclair said Scottish Pacific is a leader and pioneer in trade finance services globally, not just in Australia and New Zealand.

“The judging panel were particularly impressed by Scottish Pacific’s excellent staff and customer services and dedication to help aspiring SMEs grow with innovative finance solutions,” Mr Sinclair said.

Scottish Pacific is Australia and New Zealand’s largest specialist working capital provider.

CEO Peter Langham acknowledged what their Trade Finance team, led by Craig Michie, has been able to achieve since Scottish Pacific established its trade finance capability just over three years ago.

“It's wonderful to be recognised internationally for our work in trade finance. Increasingly, businesses are looking to capitalise on import and export market opportunities and what drives Scottish Pacific Tradeline is helping these businesses find the best ways to fund their market expansion,” Mr Langham said.

“We have developed a range of working capital solutions for importers and exporters including Tradeline, Import Finance and Export Finance.

Head of Trade Finance at Scottish Pacific, Craig Michie, said there were plans to expand Tradeline into new locations and to broaden distribution by establishing more strategic partnerships.

“For our clients, speed to market and ease of doing business are key drivers. We are testing new technology to speed up our approval and transaction processing times and we will continue to find new ways to generate stand-alone working capital facilities that can operate without any impact on current banking operations,” Mr Michie said.

Trade Finance Global’s editor James Sinclair said 2015 had been a great year for trade and export finance, due to positive macroeconomic factors, allowing SMEs to grow internationally, and because of competitiveness in the debt lending space.

“Trade finance is now becoming an accessible asset class for sophisticated investors,” Mr Sinclair said.

“Recognising and awarding the organisations who are educating, digitalising and driving the trade finance sector is important for us.”

For more information on the Awards and interviews with the winners, please visit https://www.tradefinanceglobal.com/services/excellence-awards-2015/.

Tradeline case study

An Australian lighting business is tracking for quadruple growth figures after securing a Scottish Pacific trade finance facility. In mid-2013, the business was in a comfortable position, profitable and growing at 25% per annum, when the directors decided to take advantage of an emerging opportunity to supply major retailers. Moving into this space involved importing significantly higher volumes of product and ensuring its availability in Australia at short notice. Scottish Pacific were recommended, because of the speed with which we were able make additional finance available.

It was a bonus to the directors when Scottish Pacific raised the idea of providing additional credit facilities to assist with payment to the Chinese suppliers. This combination of facilities allowed the business to double its turnover in FY14 and to budget for the same rate of growth again in FY15. The fact that Scottish Pacific had established a Chinese office to liaise with suppliers was a value add for this business.

Scottish Pacific is the largest specialist provider of working capital solutions for SMEs in Australia and New Zealand. More than 1000 clients in industries including transport, manufacturing, wholesale, import, labour hire and printing benefit from Scottish Pacific’s broad range of trade and debtor finance solutions.

Scottish Pacific handles more than $6 billion of invoices each year, providing funding lines exceeding $500 million. Established in 1988, the business has full service bases in Sydney, Melbourne, Perth, Brisbane, Auckland, London and China. Scottish Pacific was awarded 2015 and 2014 Best Cash Flow Lender by broker publication The Adviser, as voted by brokers, in their annual Non-Bank Lending Awards. They were named Best Trade Finance Provider 2015 at the international Trade Finance Global Excellence Awards.

Follow Scottish Pacific on Twitter and on LinkedIn

For more information contact:

Kathryn Britt

Cicero Communications

Tel: 0414 661 616

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