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 from the ground upWhy Debtor Finance?

The acquisition of a number of complementary businesses and properties had positioned this mineral engineering consultancy for significant growth. The overdraft facilities in place with the bank proved to be inflexible, stretching the company’s cashflow and increasing the risk of obligations to the ATO and key creditors falling behind. Debtor finance was attractive because the funding available increases in line with the growth in the business rather than being linked to the value of unrelated real estate. There was also the added advantage that real estate security was not required to support the debtor finance facility.

Why Scottish Pacific?

The client’s finance broker recommended Scottish Pacific having had a series of positive outcomes from previous introductions. The most attractive feature of the Scottish Pacific offering was that multiple facilities could be established to accommodate the acquired businesses. Furthermore, the respective properties were not required as security to support the facilities.

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

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