Import Finance with ScotPac.

Power up your international
purchasing potential

Buy more stock and increase revenue

Linked to Invoice Finance, cover cash flow gaps up to 180 days

Lock in FX to take advantage of favourable currency rates

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What is Import Finance?

ScotPac Import Finance is a funding solution for the purchase of finished goods for resale. Linked to your Invoice Finance facility, Import Finance provides an end-to-end funding solution covering a cash flow gap of up to 180 days.

We are able to facilitate payment in almost any currency, and you have the option to lock in your foreign exchange when rates are favourable.

 

Complete funding

We can fund up to 100%
of the cost of imported goods.

Risk protection

As part of the facility we can provide risk protection against ForEx losses.

Tailored solutions

We take the time to understand your business and build the right solution for you
It was so easy to set up with ScotPac. We didn’t need to provide security, and when you see your suppliers are happy working with ScotPac and they’re getting their money, I’m happy.
Karen Edbrooke - Owner Big GIrls Don't Cry Anymore
It was so easy to set up with ScotPac. We didn’t need to provide security, and when you see your suppliers are happy working with ScotPac and they’re getting their money, I’m happy.
Karen Edbrooke - Owner Big GIrls Don't Cry Anymore

Why Scottish Pacific?

We believe in relationships, not transactions, and make it our business to know yours. With over 30 years' experience, you can count on us to see the true value of your business.
Trusted Lending more than $1b to SMEs, we’re Australia and New Zealand’s largest non-bank lender, with the awards to match.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Trusted Lending more than $1b to SMEs, we’re Australia and New Zealand’s largest non-bank lender, with the awards to match.

How does Import
Finance work?

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An example a transaction is as follows:

  1. Order is received and application submitted to ScotPac by client.
  2. Letter of Credit (LC) is raised and goods are produced and shipped
  3. Supplier is paid by ScotPac, then an Import Bill is created
  4. Goods are delivered, Import Bill is submitted as an invoice for funding to client’s Invoice Finance facility
  5. Import Finance facility is paid by Invoice Finance, client has terms to pay as set by Invoice Finance facility

 

 

Import finance is flexible and can be tailored to meet the specific needs of a business.

Fund finished goods
Up to 180 day terms
Lock in FX rates
Enable business growth

For more information about how we can help your business, fill out an enquiry form or call us today.


WHO CAN USE IMPORT FINANCE?

Import Finance can be used by businesses that import goods to sell to other businesses.

WHICH COUNTRIES CAN I IMPORT GOODS FROM?

Import Finance can be used to pay for goods imported from almost any country.

WHAT IS THE MAXIMUM TERM ALLOWED FOR IMPORT FINANCE?

Import Finance is tailored to meet the specific needs of the business. However, solutions can be structured to provide total funding solutions that encompass periods exceeding 180 days.

WHAT SECURITY IS REQUIRED FOR SCOTPAC IMPORT FINANCE?

Import Finance is offered in conjunction with Scottish Pacific Invoice Finance. Generally, no additional security is required.

DOES SCOTPAC OFFER AN IMPORT FINANCE OPTION THAT DOES NOT INCLUDE INVOICE FINANCE?

Yes, Scottish Pacific has a range of trade finance options for all types of businesses including retailers.

WHAT TYPE OF GOODS CAN BE IMPORTED?

Import Finance is specifically designed for importers of finished goods. However, if the business is importing raw materials or components there are other options which can be tailored to meet the client’s requirements.

HOW MUCH DOES SCOTPAC IMPORT FINANCE COST?

Import Finance is very competitively priced. Interest is charged once funds are remitted to the overseas supplier until the amount is repaid and an Import Finance fee is charged based on the amount paid to the supplier. Fee levels vary depending on the client’s business and their requirements.

Not sure if Import Finance is right
for you? We offer other finance solutions

Learn more

Easy to apply

Call us today to discuss how Import Finance can help.

1

Give us a call

Talk to one of our friendly
Import Finance specialists
about tailoring a solution for
your business

2

Proposal

We’ll present you with the
solutions to choose from,
based on what you’ve told
us you need

3

Documentation & Settlement

We’ll work with you to
dot all the i’s and
cross the t’s to finalise
your solution

Get approval within 24 hours

Get started today

Call us to discuss how we can
finance your business 1300 332 867