Efic provided Mobicon Systems with working capital to deliver on a $3 million export contract for shipbuilder Austal.
A Brisbane-based exporter, Mobicon designs and manufactures straddle carriers that move shipping containers off trucks and trailers quickly and easily.
Mobicon needed a cash flow injection to ensure it could deliver on this critical contract.
Referred by their bank, Efic supported Mobicon with a $400,000 Export Contract Loan to help in delivering its strong pipeline of orders into the US.
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.