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 Pacific Pet GoodsWhy Debtor Finance?

Our client manufactures, imports and distributes a range of pet products to small pet stores and vet clinics throughout Australia. Their business has grown steadily to a point where they are now expanding globally into Asia, US, UK and New Zealand.
About half their goods are manufactured here in Australia however, they also import from China where their supplier requires a deposit when the order is placed and the remaining balance of the payment when the goods are shipped, therefore restricting their cashflow.
The business was funded through a small overdraft facility that was secured by their directors home but the equity of the home was not sufficient for the business to grow any further.

Why Scottish Pacific?

Our client was recommended to Scottish Pacific by their business advisor. We were able to understand the company’s entire supply chain from the supplier to the end user, and then offer our client a combined Trade Finance and Debtor finance solution.
Trade Finance allowed our client to fulfil their orders by paying their suppliers upfront whilst debtor finance provided working capital against their invoices to pay off the trade facility and also relieve the cashflow pressure from growth. As the business continues to expand its markets, the opportunity exists for Scottish Pacific to provide an Export Factoring facility to support the ongoing growth of the business later on.

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

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