Efic’s Small Business Export Loan helped Worldpoly expand its distributor network into South Africa in record time.
Third-generation small family business Worldpoly has world domination in its sights. An opportunity to establish a new distributor of their butt-welding machinery in South Africa would mean further opening up the Sub-Saharan Africa market.
With their bank unable to help, Worldpoly turned to Efic’s online Small Business Export Loan portal, EficDirect. An easy online application and quick turnaround time, with funds available in as little as 9 business days, EficDirect provided the financial solution Worldpoly needed.
Efic’s funding helped Worldpoly increase their stock in South Africa. World domination is one step closer.
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.