Our Export Working Capital Guarantee facility is available to small and medium exporters, and those companies in an export supply chain, with an annual turnover of less than A$150 million.
We can only approve an Export Working Capital Guarantee facility if you have been unable to secure funding directly from your bank to support your specific export-related contracts or purchase orders.
How our Export Working Capital Guarantee works
|Step 1||Export contract||You enter into a contract with your overseas buyer or a company in an export supply chain.|
|Step 2||Bank||You apply for working capital finance with your bank to finance the export contract.|
|Step 3||Efic application||You or your bank apply for an Export Working Capital Guarantee facility with us.|
|Step 4||Guarantee approved and provided||We provide you or your bank with an Export Working Capital Guarantee facility.|
|Step 5||Bank funding||Your bank provides you with working capital finance.|
|Step 6||Buyer repayments||Buyer’s payments to you under the export-related contract are paid into a special account controlled by your bank and are used to repay drawings.|