A New Revenue Stream for Brokers by Scottish Pacific – Debtor Finance Company
So as to widespread the funding options for Australian SME’s, a Debtor finance company in Australia named “Scottish Pacific” has announced its move into the selective invoice finance space.
“The new funding option for small to medium sized business was created to meet market demand and would increase the range of cash flow solutions available to business owners”, said Peter Langham, CEO of Scottish Pacific.
He said, “This new opportunity suits best for key referrers, such as commercial finance brokers, because it may help them to encourage clients who may have had reservations about committing to a longer term arrangement or having to sell all their invoices”.
According to him this is also a suitable solution for businesses that have fluctuations in their trading cycles at different times of the year. Also for the SMEs that have seasonal cash flow needs, giving them the ability to access additional working capital when they need it, without entering into a longer term commitment, it will be a great option.
Taking this initiative the Scottish Pacific becomes the only specialist working capital provider with the ability to support businesses in the whole supply chain.
News Story: http://www.brokernews.com.au/news/breaking-news/debtor-finance-company-offers-new-revenue-stream-for-brokers-200328.aspx