Real Deals

SP 30yr NZ Left

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 business branches outWhy Debtor Finance?

This supplier of bamboo flooring was experiencing a steady influx of new customers as the company’s product grew in popularity with retailers. The rapid growth necessitated an increase in stock purchases which, in turn, led to a build-up of cash flow pressure. The organisation’s finance broker recommended debtor finance, in anticipation of further business growth, to keep costs under control, pay creditors in a timely manner and ensure the directors’ personal assets were not offered as property security.

Why Scottish Pacific?

The client’s finance broker recommended Scottish Pacific because of its range of facilities within the Import Finance and Debtor Finance categories. Import Finance was attractive to the business’ directors, who sourced stock from overseas suppliers and Scottish Pacific’s ability to house multiple facilities under one roof meant only having to deal with one financier. A Tradeline facility was approved within 1 week of receiving the request for the facility and this “sealed the deal” for the Directors.

To find out more about how Scottish Pacific can help your business, please visit our services page.

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