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First Time Exporters

Our solutions for first time exporters are available to established domestic businesses that are able to support their new export venture.

We can only approve a loan if you have been unable to secure funding from your bank to support your specific export-related contract or purchase order.

The key eligibility criteria
Revenue

Annual revenue of over A$250K last financial year.

Age of business
  • Minimum two years trading history. 
  • Been profitable in the last two years and have a positive net worth.
Nationality of business

Must be an Australian registered company. An Australian Company Number (ACN) is required.

Export contract requirement

The first time exporter solutions must be used to:

  • finance export purchase order(s) or contract(s) for the export of Australian goods and/or services from Australia
  • finance an export-related purchase order or contract that is part of an export-related supply chain.

 

Australian content

As Australia’s official export credit agency, our mandate is to help support the export of Australian goods and services. The value of Australian content needs to be at least 1/3 of the total contract value for a transaction to be eligible for maximum Efic support. This is why we need to consider the amount of Australian content in your export contract.
Australian content can be made up of:

  • Australian-owned intellectual property, services, or product design
  • components and raw materials manufactured or produced in Australia
  • labour and manufacturing costs incurred in Australia.

You must meet our Australian content guidelines. Read them here.

Market gap

We don’t compete with the banks and only provide finance when your bank is unwilling or unable to do so.

Environmental social policy

You must agree to our Environmental Social Policy. Read it here.

Credit information policy

You must accept our Credit Information Policy. Read it here.

Need to talk?

Talk to an expert today

1800 093 724