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.

SP specialisedWhy Specialised Finance?

This business is a well-established family run concreting business which has grown into various areas of concrete pumping. Since our client were able to leverage off their existing relationships with tier 1 builders, they were in a good position to take on business stemming from massive infrastructure spends across VIC and NSW.

Our client were currently using a debtor finance facility , however, the new work started to apply pressure to cashflow and funding.

We were able to help our client with a suite of specialised finance services which includes Progress Claim Finance, Asset Finance and Bad Debt Protection to help meet their cash demand needs. With these structures in place, it meant our client were able to have access to funds as soon as they have completed a level of work. Furthermore, our Bad Debt Protection solution ensures our client’s profit is protected against losses due to debtor delinquency or default.

Why Scottish Pacific?

Having already worked with the client for over 20 years, trust and rapport have already been established. On receiving our client’s request, our team at Scottish Pacific got together and came up with a range of Specialised Finance products to integrate with their existing facility, which has helped our client benefit from access to additional funding to cover their growth.

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

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