As banks are increasingly tightening credit, Australia’s largest non-bank provider of cash flow finance, Scottish Pacific Benchmark (SPB) is offering finance for small businesses who may be struggling to find the working capital they need.
With more than $50 million available to new clients, SPB’s cash flow finance allows small businesses to draw down against the value of their invoices within 24 hours of the invoices being issued. It works in the same way as a bank overdraft, but is flexibile enough to grow with the business.
According to SPB chief executive officer, they can assist where banks are unable to.
“We have no shortage of funds for new clients who need cash flow finance and who meet our standard criteria. We are currently seeing our level of inquiry from banks increase in the instances where the banks cannot assist.”
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