ScotPac
Invoice, Asset & Trade Finance Specialits
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Latest posts
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How Fast Can You Get Trade Finance in Australia?
Setting up a Trade Finance facility is usually the more straightforward part. What tends to take longer is checking the details behind your order, such as confirming the purchase order and verifying your supplier. So the more complete those details are when you apply, the faster…
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How Does Trade Finance Work for Food and Beverage Importers?
Food and beverage suppliers often want paying before the container is loaded, weeks or months before the stock reaches your warehouse and sells. Trade Finance can pay those suppliers for you, so your own cash isn’t tied up while the goods are on the water. ScotPac Trade Finance…
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How Does Trade Finance for Retail Fund Stock Ahead of Season?
Seasonal stock usually has to be paid for months before it sells. Trade Finance can pay your supplier for that stock, so your own cash isn’t tied up while the goods are made, shipped and sold. If you also sell to other businesses on trade terms, it typically works alongside an…
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Funding the Peak Season: Stock and Wages Before Christmas
The months before Christmas can put pressure on small and medium-sized businesses as they buy stock and prepare for higher payroll costs. Invoice Finance provides an advance against eligible unpaid customer invoices, helping release working capital for the wages and running…
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How to Cover Wages When Your Customers Have Not Paid Yet
How does a small or medium sized business with limited working capital cover wages and payroll? And how does it manage when payroll runs to a fixed schedule while customer payments do not? For service and labour-heavy industries this is particularly challenging, because you can…
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ScotPac expands lending capacity across three core products
ScotPac is expanding the capabilities and lending capacity of three of its core products to help more Australian and New Zealand businesses access funding suited to their needs and circumstances. The changes are designed to meet ambitious businesses’ continued appetite to invest…
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Non-bank Finance to Fund Small to Medium Enterprise (SME) Investment Reaches Record High
Non-bank finance has reached a new milestone in Australia, with the proportion of SMEs planning to use non-bank lending to fund new business investment exceeding 60% for the first time. The latest edition of ScotPac’s SME Growth Index reveals that 61% of SMEs planning to invest…
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How do Trade Finance and Invoice Finance work together?
Trade Finance and Invoice Finance solve 2 different cash flow gaps, at opposite ends of the same trade cycle. Trade Finance is a working capital solution that pays your supplier on your behalf, so when you place an order you can cover the cost while the goods are being…
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Your supplier wants a 30% deposit: how importers fund upfront payments
If your supplier wants a deposit before production even starts, and then the balance before shipment, your cash can be locked up for months before you have made a single sale. Trade Finance can fund both of those payment points, so your own working capital stays available for…
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Client Not Paying an Invoice? What to Do, Step by Step
If you have a client that hasn’t paid their invoice, it is important that you don’t panic and don’t just do nothing. As a general rule, confirm your client has received the invoice and offer a courtesy reminder of what the due date is. Once that payment date passes, follow up on…