#Efic
Australian beauty brand, Babe Australia, builds overseas presence with the help of Efic’s export loan
Efic’s Small Business Export Loan helped Victorian-based beauty product business, Babe Australia (Babe), deliver on three purchase orders in the US and Mexico and continue to build brand presence overseas. For Kim Peirce, Founder and Director of Babe Australia, the move from being a management consultant in the oil, gas and mining industry to starting […]
Let’s Talk: Overseas expansion
What can derail a businesses’ plans to launch their offering into an overseas market? Global expansion may be every enthusiastic business owner’s dream but is your business truly ready to expand? Cultural, political, social and logistical differences can impact on your product’s success, as well as simple mistakes, such as neglecting to check your trademark, […]
Efic helping high-growth business take on export opportunities
Seeing Machines has gone from strength to strength since 2000, when the business was founded as part of an association with Australian National University. Today it is at the forefront of driver monitoring technology and has more than 200 staff and operations across the world; including the US, the UK, South America, Europe and in […]
Achieve your potential in overseas markets
The size limitations of the Australian domestic market mean that in particular sectors, small businesses struggle to achieve their growth potential. For many small businesses, these limitations can be resolved by tapping into much larger foreign markets that offer greater opportunities. The beauty industry in Australia is a good example. This market is a […]
Partnerships to support Australian SME growth
For small and medium businesses (SMEs) that want to take on new export opportunities, understanding your business’ working capital position is critical. Working with the right financial partner can be the key to driving your export success. Accountants and financial advisors continue to be a key support channel for SMEs that are looking to build […]
New financial year sees export sentiment lift
Australia’s exporters are more optimistic about the year ahead than they were six months ago. That’s one of the key findings of Efic’s latest Exporter Sentiment Index – a survey of more than 1,200 SME exporters. Nearly half (46%), believe the economy will be better in the next 12 months than it was in the […]
Five considerations for every small business exporter
Australia’s small businesses often face a number of hurdles before they can establish successful export operations. Taking a lesson from successful exporter and music education supplier, LearnToPlayMusic.com (LTPM), small businesses exporters should follow these five steps to maximise export success. Identify the market gap LTPM’s founder, Gary Turner, had a vision when he started his […]
Steps SMEs should take to secure export success
Small businesses often have specific financing needs and may require funding support to compete in international markets or to fulfil export-related supply chain contracts. For businesses trying to navigate that next growth phase into an overseas market, there are a number of differences between exporting and operating in Australia which will have an impact on […]
Indigenous islanders win Japanese contract
Even the toughest of business people are taking their hats off to the Tiwi Islanders nowadays. Only seven years ago, the islanders committed themselves to resurrecting an abandoned acacia plantation business on their homeland. They had no money, no trained forestry staff, no port suitable for woodchip and no export market. Tiwi sought and received expert […]
New export loan opening up international markets for Aussie businesses: Frankland Islands Cruises and Intersective
Australian small businesses Frankland Islands Cruises and Intersective are among the first to benefit from Efic’s new Small Business Export Loan. The latest finance offering from Australia’s export finance agency, is designed to meet the needs of small businesses seeking export finance, with a focus on convenience and speed throughout the online application and approval process. The […]
Overcoming barriers to export in construction
Recent Australian Bureau of Statistics’ export figures show that Australia’s manufacturing industries continue to look overseas for export opportunities. According to ABS, 300 Australian manufacturers began exporting for the first time in 2015-2016. With international demand for Australian-made quality products, this is a trend that is likely to continue. In line with this trend, according […]
How to overcome the barriers to accessing export finance
Australia’s small business exporters are concerned about accessing finance for their export journey. This isn’t a new concern, but it is one that can be addressed. This article outlines some of the perceptions of, and challenges in, accessing export finance, as well as the ways that Australian small businesses are overcoming this challenge. Access to finance […]
Innovation and export: How SMEs can get ahead overseas
Australia’s small business exporters have three things in common: they are optimistic, they are confident and most importantly, they are innovative. When this translates to the international market through exporting, these traits are even more important to success. As small and medium enterprises (SME) move into the global marketplace, they have the opportunity to learn […]
The traits of a successful SME exporter
It’s an exciting time to be a small business involved in exporting. With the weaker AUD boosting Australia’s international competiveness in many industries outside of mining, and a host of new free trade agreements opening up entry into foreign markets, there are many great opportunities for small and medium-sized enterprises (SMEs) thinking about expanding overseas. […]
What does the year ahead hold for Australian SME exporters?
After a year in which the world economy experienced heightened volatility and global growth slowed, there has been a positive shift in opportunities ahead for SME exporters. Trade is still growing, albeit at a slower pace than before the global financial crisis (GFC). After relatively modest growth of 2.6 per cent last year, Efic expects […]
Export opportunities await in South Korea for SMEs
South Korea is one of Australia’s closest economic and trading partners, and with its high-income economy, there is a strong market for Australia’s high quality goods and services. For Australian SME exporters thinking about entering the South Korean market, it is important to first identify the opportunities for your business and any potential risks. Opportunities […]
Support for Australian SMEs looking to grow internationally
While Australian SME exporters continue to win contracts against global competitors, many find it difficult to access the finance they need to secure these opportunities.
Travelex and EFIC expand SMEs foreign exchange trading lines
In light of a tighter credit market for small business, Travelex Global Business Payments has doubled the foreign exchange trading lines offered to SMEs involved in exporting.
EFIC to help fund Australian production company
EFIC will help film and television companies increase their cash flow, unveiling its plans to provide its first Producer Offset loan to Rock Island Productions
Viocorp lands Malaysia deal with EFIC support
EFIC has given a $1 million export working capital guarantee to Sydney-based company Viocorp, as part of its recent agreement with ANZ
Export finance agreement signed by ANZ and EFIC
ANZ and the Export Finance and Insurance Corporation (EFIC) have signed a new agreement to assist Australian exporters with financing requirements.
Park Assist secures contract with City of Seattle
Park Assist Pty Ltd, a global leader in parking guidance, bay sensing and parking enforcement, has secured its first contract with a US government authority with backing from Export Finance and Insurance Corporation (EFIC). The company was awarded a US$780,000 contract with the City of Seattle to provide an electronic parking guidance system (EPGS) for […]
World economic outlook uncertain – EFIC
This month’s issue of EFIC’s newsletter, World Risk Developments, discusses an interesting tension that has arisen in the world economic outlook. Many leading and coincident indicators of national and by extension world economic activity are delivering moderately pleasant surprises, prompting forecasters to upgrade their guesstimates of growth for 2010 and 2011. Yet at the same […]