The Financial System Inquiry’s Interim Report, released on 15 July, indicates that access to external debt has become more difficult and more expensive to source for small businesses and SMEs.

This, in turn, has prompted concern about the strength of competition in the small business and SME lending space.

Whilst the report suggests that sourcing funding has not been a major challenge for established SMEs with a proven credit history and security to offer, younger businesses (particularly start-ups) have found it much tougher.

At Scottish Pacific we have a strong appetite to support small businesses and SMEs at every stage in their lifecycle. Our range of working capital facilities – from import finance through to debtor finance – do not rely on real estate security. We welcome the opportunity to work with new ventures as we are much more interested in future potential than past performance.

Our facilities grow in tandem with turnover, which means that there isn’t a regular requirement to re-negotiate limits and we do not impose stringent performance covenants, making it easy to do business with us.

Don’t just take our word for it though, have a look at our real deals and see what our clients have to say about their experiences.