Real Deals

SP 30yr AUS

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 Pasta and oilsWhy Debtor Finance?

Since starting the business approximately 18 months ago, this food wholesaler had established a strong customer base using funding from a traditional overdraft.  However, the continued growth of the business and an ability to take advantage of discounts from bulk purchases was being impacted by the limit of the overdraft.

The owner recognised that Debtor Finance offers more flexibility in that the facility limit grows with the sales, and would therefore be a better funding vehicle for supporting the ongoing growth of the business. He also saw benefit in the additional collections activity (statements and reminder notices) which the Debtor Finance facility provides, as a means of shortening the time it was taking for invoices to be paid.

Why Scottish Pacific?

The client had become aware of Scottish Pacific after receiving statements issued on behalf of one of their suppliers. When asked, their supplier provided a strong endorsement of the Scottish Pacific facility and it was this recommendation that encouraged them to contact us.

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

< Back to our Real Deals