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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.

triggers1Debtor Finance is unique in its versatility, being suitable for a very wide range of business situations. It is most suitable to businesses when they:

  • Are growing and require faster cashflow to inject cash back into the business
  • Are unable to meet large orders or seasonal peaks
  • Are turning away new business due to insufficient funding/cashflow
  • Are fully borrowed against fixed assets e.g. property. This can become particularly problematic in environments where property prices are falling.
  • Cannot raise the required amount of funding for the purchase price to affect an acquisition or facilitate a management buyout or buy in
  • Regularly exceed current overdraft limit
  • Cannot access bank funding due to insufficient trading history, recent trading losses, violations of other lending covenants, or inadequate collateral. Alternatively, a business may have bank funding withdrawn.
  • Directors have unequal levels of risk in terms of the collateral they have put up as security and wish to share it more equitably
  • Are unwilling to offer real estate security in order to minimize personal risk in uncertain trading environments
  • Are unable to accelerate customer payments through normal cashflow management processes such as collections activity, invoicing proactively, applying deposits or early settlement discounts.

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