Corporate Credit Line

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.

What Is CorporateScottish Pacific CPL Credit Line?

What Is Corporate Credit Line?

Flexible working capital with pricing based on Bank Bill Swap Rate. Corporate Credit Line offers successful companies with an annual turnover exceeding $5 million a flexible source of working capital with premium pricing. Up to 80% of trade receivables is available as a revolving line of credit.

What are the benefits?

  • Real estate security is not required.
  • The facility is secured against receivables, leaving other business (and personal) assets free and available for other borrowing purposes.
  • Facility limits grow in line with turnover so there is no need for regular re-negotiation

Who does it Suit?

Corporate Credit Line is available to companies meeting the following criteria:

  • Minimum tangible net worth of $200,000;
  • Trading profitably for each of the past 2 years;
  • Turnover of $5 million or greater per annum;
  • Must have an open item, computerised receivables ledger

How does it Work?

Up to 80% of the approved debtors ledger can be advanced. Details of invoicing and credit note transactions are provided to Scottish Pacific on a weekly basis and credit line availability is adjusted accordingly. Drawdowns are electronically transferred into the client’s nominated bank account the following business day.

If you’d like to know more about Corporate Credit Line or any of our other business finance options, make an enquiry or call us on one of the following numbers:

Australia: 1300 332 867
New Zealand: 0800 72 68 72