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 Pacific FabricsWhy Debtor Finance?

Our client is a family-owned business of 25 years, employing 67 staff in Newcastle and Sydney. They manufacture outdoor and industrial fabrics that are made to standards suitable to a wide range of customers including camping and industrial canvas, defence fabrics, PVC for trucks, banners, marine, automotive and general purpose applications.
The client is a long term bank customer and currently use multiple facilities. Losses between FY12-FY15 caused by a significant contraction in sales of their defence fabrics resulted in them not meeting the conditions of their banking facilities. Despite the historical losses, our client has been experiencing significant sales growth and needed a cash flow facility to fund this progress.

Why Scottish Pacific?

Our client was referred to Scottish Pacific through a commercial broker to assist in providing a solution. We were able to provide a $2M debtor finance facility enabling an advancement of cash to repay their bank . This facility enabled them to reduce their core debt by $1M which satisfied their bank and provided them with additional funding to assist with working capital to support business growth.

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

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