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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.

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 sector. Two findings of particular significance for Scottish Pacific, as Australia's largest SME working capital specialist, are the trends who business owners turn to when they need to fund their growth.

The number of SMEs looking first to borrow from their main relationship bank is falling, and a greater number are sourcing credit from another bank or a specialist non-bank lender such as Scottish Pacific. There has been an increase of just over 20 percent in the demand for non-bank lending in the past six months. It is reassuring to us that SME owners place a high value on the ability to talk directly with the funding decision-maker when it comes to choosing a provider.

The second trend is towards a preference for unsecured credit, where there is no requirement to put the family home up as security. SME owners told us this is the most important factor when they are seeking finance to fund growth, whether it will be for new equipment, extra staff or expansion into new markets.

For a free, full copy of the latest SME Growth Index visit our Research page to download.

Scottish Pacific Business Finance Pty Ltd provides working capital solutions to SMEs, offering the broadest range of trade and debtor finance solutions in Australasia. With more than 1000 clients in industries including transport, manufacturing, wholesale, import, labour hire and printing, Scottish Pacific handles more than $6 billion of invoices each year, providing funding lines exceeding $500 million. www.scottishpacific.com

Media contact: Kathryn Britt, Cicero Communications, Tel: 0414 661 616, 

For information about Scottish Pacific products, phone Chris Bhagwan on 1300 332 867.

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