Now that we are into the new financial year, we can allow ourselves a little time to reflect on the past 12 months. Scottish Pacific Tradeline is now assisting more SMEs than ever, in fact we have doubled in size over the course of FY15. We have also expanded our team in China and now have operations in the UK and USA, enabling more businesses to take advantage of international trading opportunities.
What do you have in store for FY16?
If your clients have been importing or exporting over the past year, we have tailored funding options allowing them to capitalise on opportunities, have stock on hand and focus on winning new sales.
Our Trade Finance facilities generally do not require mortgages or charges over your business. This means we can provide funding for more SMEs without the need to use the family home as security* and without interrupting existing bank facilities. It also means a quick approval. Over 90% of new clients are formally approved within 5 business days of application. Our flexible terms (up to 90 days from shipment) allow time to land and sell stock before it has to be paid for. Also, if your clients are importing product from China, our staff in Guangzhou are able to liaise with suppliers without any time zone, language or cultural barriers.
With this in mind, here are some developments and opportunities that may be of interest to your clients:
- The Japan Australia Economic Partnership Agreement (JAEPA) came into play in January 2015 and is now well established.
- The China-Australia Free Trade Agreement (ChAFTA) was tabled and signed in June 2015, creating more opportunities for SMEs across both nations. Read more here. The 118th Canton Fair will be held in October, it's never too early to start prepping. The Spring Fair (April) this year drew over 184,000 international buyers!
Cross-border trade is now part of everyday life for an increasing number of businesses and our aim is to help SMEs make the most of the global marketplace. With a range of Trade Finance solutions (Import Finance and Export Finance) Scottish Pacific is well placed to provide a full supply chain finance solution for your clients. With Import Finance, we can fund up to 100% of the cost of goods and provide risk protection against foreign exchange losses. Our Export Finance facilities can help open up new opportunities. Whether it is ro provide cash flow to get products (or services) to market or funding against invoices raised on overseas customers to make it easier to trade on open account terms. We have the widest range of solutions and can tailor a package that assists your clients in the global market.
If we can assist in providing more information to help your clients please call us today on 1300 872 331.