Efic helped first time exporter COzero secure its first export contract into Japan.
NSW-based COzero works with its customers to help them maximise their electricity spend using their real-time energy management platform, EnergyLink.
With an established domestic market, COzero decided to start looking for its first overseas market. In 2013 they decided to focus on Japan and started a long tender and due diligence process with Japan’s largest non-government electricity provider.
Competing against international companies, COzero secured its first export contract.
With long project timelines and the challenge of managing business cashflow, COzero needed a cashflow injection to ensure it met the milestones of the project. Their advisor recommended they get in touch with Efic.
Efic was able to provide the business with an Export Contract Loan that allowed it to continue to deliver the project milestones of its first export contract.
How can Efic help you achieve export success?
We have a long history of successfully helping Australian small business exporters, and those in export supply chains, build their businesses overseas through products like:
Small Business Export Loan, an unsecured loan of up to $250K with an easy online application designed specifically for small business exporters needing finance to support a single export contract
Export Contract Loan, where Efic provides a loan to support a specific export contract, or multiple export contracts with different buyers
Export Working Capital Guarantee, where Efic provides a guarantee to your company’s bank if your company doesn’t have the assets that your bank requires as security to approve further working capital for an export contract
Bonding Facilities, including bonding lines and contract-specific bonds, that are used if your company’s bank can’t support the total bonding requirements for a specific project
Overseas Direct Investment Guarantee, where Efic provides a guarantee to an Australian bank so that the bank can approve the funding needed for your company to expand overseas.
Through our loans, guarantees, bonds and insurance products, we’ve helped many Australian exporters and subcontractors take advantage of new contract opportunities that may otherwise have been out of reach.