Established Australian SMEs and mid-tier corporate businesses now have a clear pathway to secure tens of million dollars in funding, free from restrictive bank covenants, with the launch of ScotPac’s Asset Based Finance solution.
Operating as a single, revolving working capital product, ScotPac’s Asset Based Finance can be secured against multiple asset classes including debtors, inventory, property, plant, and equipment.
It is designed to give eligible businesses ongoing access to liquidity without the red tape associated with traditional bank lending – delivering the funding agility businesses need to drive growth and capitalise on new opportunities.
The introduction of ScotPac’s Asset Based Finance follows a successful pilot program, launched in early 2025, which saw strong demand and positive outcomes among a diverse range of businesses.
Key advantages for businesses include:
- Simplified Oversight: One facility, single monthly review – no need for multiple products.
- Flexibility: Blend debtors, inventory, property, plant, and equipment into a single security pool for greater capital availability.
- Speed & Control: Technology-driven assessments deliver rapid approvals and ongoing monitoring.
- Business-Friendly Terms: Minimal covenants, pragmatic compliance, and fewer restrictions compared to traditional bank funding.
- Immediate Liquidity: Converts dormant assets into actionable funding, empowering businesses to seize new opportunities.
Competitive Edge
Jon Sutton, ScotPac CEO, said the new Asset Based Finance solution significantly enhances its capacity to support the growing cohort of SMEs and emerging corporate businesses that have moved beyond small-ticket lending but remain constrained by traditional bank models.
“ScotPac’s Asset Based Finance allows strong businesses to leverage their balance sheets to access the funding they need to grow,” Mr Sutton said.
“For example, for a manufacturer needing rapid expansion capital, or a distributor bridging inventory cycles, our Asset Based Finance could quickly transform dormant assets into liquidity.
“Unlike bank loans that are often burdened by tight covenants, the pathway to liquidity using ScotPac’s Asset Based Finance matches the speed and flexibility commercial clients expect, even when property equity isn’t available,” Mr Sutton said.
Asset Based Finance is expected to be in strong demand across a diverse range of business scenarios, including:
- Working Capital
- Mergers & acquisitions
- Capital Raisings
- Market Expansions
Mr Sutton said ScotPac’s specialist team is ready to work closely with commercial finance brokers, the advisory community accountants and clients across multiple industries to deliver tailored Asset Based Finance solutions that meet specific business needs. Supported term sheets can typically be provided within three business days, with formal credit decisions following soon after.
About ScotPac
ScotPac is Australia and New Zealand’s largest non-bank SME business lender, providing funding to small, medium and large businesses from start-ups to enterprises exceeding $1 billion in revenues. For over 35 years, ScotPac has helped thousands of business owners succeed, offering fast and flexible funding. From simple to complex, small to large, start-up, growth or turnaround – ScotPac can help with a range of funding including Invoice Finance, Trade Finance, Asset Finance, Line of Credit, Business Loans and Asset Based Finance. ScotPac was recently awarded The Adviser Magazine’s Debtor Finance Loan of the Year for a sixth time.
For more information contact:
Todd Hayward
Mob: 0412 205 151