Export Finance with ScotPac.

Bring the value of overseas invoices
home, faster

Security against business assets, not your home

Offer export customers longer payment terms in multiple currencies

Unlock the value in unpaid overseas invoices

What is Export Finance?

Linked to your Invoice Finance facility, Export Finance is simply funding against invoices raised for overseas customers. Using this type of funding allows you to offer open account terms to your customers, making it easier for them to buy from your business.

ScotPac gives you the flexibility to raise invoices in multiple currencies to customers in over 20 approved countries.

Explore new markets and unlock the value tied up in your export invoices today, so you have the working capital to keep your business growing.

 

Flexibility

Raise invoices in AUD, USD or NZD to
customers in over 20 countries

Experienced team

International trade support from
our specialist Trade Finance team

No property security

We use your business asset as security, not the family home
I’d definitely recommend Invoice Finance to other small businesses. For Cole Clark, it has been very handy. Working with ScotPac is very seamless. They get to know us, and our business, well.
Miles Jackson – Co-founder, Cole Clark Guitars
I’d definitely recommend Invoice Finance to other small businesses. For Cole Clark, it has been very handy. Working with ScotPac is very seamless. They get to know us, and our business, well.
Miles Jackson – Co-founder, Cole Clark Guitars

Why ScotPac?

We've been around for over 30 years, lending exclusively to SMEs. We uncover the hidden value in your business assets and make them work for you.
Real Relationships Partner with us for the long term, with a local relationship team and direct access to decision makers.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Unlocking Growth We’re growth enablers, unlocking the potential in your business. Our customers grow at more than 3 times the average business.
Flexible Finance We find a way to say “yes”. We’re with you through the good times and bad, always adapting your business needs.
Real Relationships Partner with us for the long term, with a local relationship team and direct access to decision makers.

Who can qualify
for Export Finance
with ScotPac?

Enquire Now

Our Export Finance product is linked to a domestic Invoice Financing facility, so the qualifying criteria is the same across products. With establishing the export facility itself, a handful of additional qualifications will need to be met:

  • Credit worthiness of overseas debtors
  • Exporting products to approved destination
  • Overseas receivables can make up a maximum of 30% of your total receivables
Funding against overseas invoices
Multiple currencies available
International support
Enable business growth

For more information about how we can help your business, fill out an enquiry form or call us today.


HOW CAN IT HELP MY BUSINESS?

Like Invoice Finance, Exporters Finance unlocks the value tied up in your invoices, giving your business the working capital it needs to grow.

HOW DOES EXPORT FINANCE WORK?

In a standard international transaction, the exporter will agree on net payment terms with the buyer. These terms can vary in length from 30 to 120 days.

For the exporter, this means they will have to wait up to 120 days to receive payment after making a sale and shipping the goods.

With an Export Finance funding facility, the exporter can submit the sales invoice to the finance company and receive a large percentage of the invoice value upfront as a cash advance.

You can get paid faster for the goods you have already sold.

Once the invoice is due, the finance company will collect the payment directly from the importer and transfer the remaining invoice balance to the Australian exporter less fees.

WHAT’S THE DIFFERENCE BETWEEN TRADE AND EXPORT FINANCE?

Trade Finance is an umbrella term that includes financial products designed to help both importers and exporters. These financial products can include Invoice Finance, Payment Against Documents, Letters of credit, and other funding tools and support to facilitate a financial transaction between businesses. Trade Finance can be used to support both international and domestic trade.

Export Finance Australia refers to the financial products designed to help businesses in Australia that sell their goods and services to overseas clients. Export Finance is specifically designed to release capital that is tied up in international transactions and support the cash flow needs of companies that sell to international markets. It helps businesses in Australia to grow and increase their sales volume to overseas customers.

WHICH COMPANIES PROVIDE EXPORT FINANCE PRODUCTS?

Export Finance products can be accessed through traditional lenders and alternative finance companies like ScotPac.

Traditional lenders generally have stricter lending criteria and require Export Finance applicants to meet stringent requirements. The application process is typically much longer and can take several months before funding is put in place. Due to the extensive due diligence process and lending requirements, Export Finance from a traditional lender is usually out of reach for most small and medium-sized businesses.

Alternative lenders have become an increasingly important source of funding for export businesses. The lending criteria are less stringent, and funding can be secured much faster than from a traditional lender. It’s possible to secure financing without using your home as collateral and without loading long-term debt onto your business.

WHAT IS THE DIFFERENCE BETWEEN TRADITIONAL LENDERS AND ALTERNATIVE LENDERS?

With the growth of alternative lenders, there is an increasing number of ways to secure Australia Export Finance. The main differences between traditional and alternative lenders are the difficulty in qualifying for financing and the speed at which you can receive funding.

Traditional lenders are generally risk-averse. To determine your eligibility for business loans and funding facilities, a traditional lender will examine your business trading history, credit rating, financial statements, and projected cash flow. You will usually also need to use your home or personal assets as collateral to secure funding.

With a traditional lender, the application process is often more extended. It can take up to 3 months before funds are made available to you.

Alternative lenders are much more flexible and do not need to meet the strict lending criteria that results in traditional Australia Export Finance being out of reach for many businesses. Even if your company has a short trading history or poor credit score, you may still qualify for funding.

The application process for alternative lending is also much faster. If you have prepared your financial documents and export contracts, you can receive a cash advance in as little as 24 hours.

ARE THERE ANY DIFFERENCES BETWEEN AUSTRALIAN EXPORT FINANCE PRODUCTS AND OTHER COUNTRIES?

Australia is the 24th largest exporter in the world, and Export Finance plays a key role in supporting the growth of Australian businesses in global and commonwealth trade.

Compared to international peers, the use of invoice finance to fund export businesses is underutilised. Invoice finance volumes in the UK total 19% of GDP, compared to only 3.9% of GDP here in Australia.

ScotPac provides export businesses with a fast and flexible way to fund growth and make an impact in international markets.

HOW MUCH DOES EXPORT FINANCE COST?

The cost of Export Finance is dependent on several factors, including the length of the funding facility and the value of the goods sold. Before a funding facility can be put in place, the finance company will determine the risk involved by analysing the importer and exporter’s creditworthiness.

Contact our team of Trade Finance specialists to receive a quote tailored to your business.

WHAT DO I NEED TO APPLY?

Talk to one of our friendly Export Finance specialists to find the best solution for your business and what you need to apply.

Not sure if Export Finance is right
for you? We offer other finance solutions

Learn more

Easy to apply

Call us today to discuss how Export Finance can help.

1

Give us a call

Talk to one of our friendly
Export Finance specialists
about tailoring a solution for
your business

2

Proposal

We’ll present you with the
solutions to choose from,
based on what you’ve told
us you need

3

Documentation & Settlement

We’ll work with you to
dot all the i’s and
cross the t’s to finalise
your solution

Get approval within 24 hours

Get started today

Call us to discuss how we can
finance your business 1300 505 883

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