Small Business Export Loan making a difference
Our Small Business Export Loan continues to allow exporters to make the most of new export opportunities when their bank is unable to help. With quick access to an unsecured loan, Efic is easing the barrier to export finance for Australian small businesses.
PowerfulPoints, a specialist presentation company, is one exporter that used our loan to receive a much needed cashflow boost, after securing a contract with a major financial services provider in China.
Like many small exporters, one of the challenges that PowerfulPoints constantly faces in its industry is long payment terms.
“You get paid but it takes time, usually about 60 days after the end of the project,” says founder and CEO, Lee Featherby. “This means we had to fund this project for up to four months – a real challenge when you’re a small business.”
With its bank unable to help, PowerfulPoints used our Small Business Export Loan to fulfil its contract in China, and further develop its presence in this growing market.
The Small Business Export Loan is specifically designed for exporters with turnover of between $A250K and A$10 million, that need access to funds quickly to support export contracts or purchase orders.
Offering unsecured funds and flexible repayment terms, the Small Business Export Loan can provide businesses with the funds they need in as little as 9 business days.
Find out how our Small Business Export Loan could give your business the funds it needs to grow your business overseas.