Q. What makes ScotPac the preferred choice for brokers and businesses?

As the leading non-bank business lender in Australia and New Zealand, ScotPac has a proud 35-year legacy of working with brokers to help thousands of businesses thrive. Our range of business lending and cash flow options currently supports more than 8,500 businesses. Our award-winning Invoice Finance solutions, as voted by brokers, provide access to almost $23.9 billion of working capital annually. But far from slowing down, our commitment to equipping brokers and businesses with the tools and products they need to realise their full potential is stronger than ever.

A decade of insights from ScotPac’s SME Growth Index has highlighted that speed and simplicity are the top decision drivers for owners looking to invest in their business. That is why ScotPac has devoted significant resources in recent years to building a market-leading technology platform to make working with us even faster and easier, launching ScotPac Sync.

ScotPac Sync seamlessly connects clients’ cloud accounting systems with ScotPac’s processing system to unlock the value of new invoices. This reduces administration and improves cash flow, with Invoice Finance facilities ranging from $150,000–$150 million that can scale in tandem with business growth.

For brokers, we developed ScotPac’s Partner Portal, a game-changing resource that includes a working capital calculator, a product selector tool, accelerated quote and application tracking, and thought leadership content – all in one place. It is like having a virtual assistant that saves you time and ensures you get the right deal for your clients.

Q. Can you tell us about some of the ScotPac’s new products?

In addition to investing in technology and enhancing our core Invoice Finance, Trade Finance, and Asset Finance solutions, we have recently introduced several new products that offer fast, data-driven analysis and decision making. This has dramatically eased compliance headaches and reduced the time brokers need to help clients who want fast, fuss-free cash on call. It has also expanded the range of ScotPac cash flow solutions that do not require property as security, something business owners have told us is a high priority, including:

  • Boost Business Loans: Businesses looking for a quick cash injection can apply online to access funding between $10,000 and $500,000 – up to 150 per cent of monthly sales – including up to $100,000 without security.

  • Cash Line: This swift and cost-effective loan functions similar to a line of credit up to $250,000, requiring no property security. Funds are accessible within 24 hours of approval.

Q. How does ScotPac support brokers and businesses in their growth?

Beyond streamlining application and approval processes for brokers and businesses, ScotPac’s focus on technology-driven innovation provides our expert relationship managers with a clearer view into the potential of the businesses we support. For example, having the ability to integrate with cloud accounting and securely seeing sales invoices as they are generated empowers our teams to lend based on real-time data. This means our clients have access to the maximum amount of working capital.

Across Australasia, brokers have access to ScotPac’s local experts and decision-makers to help them tailor the right finance solutions for their clients’ unique requirements. This combination of secure, leading technology, and hands-on support ensures brokers have everything they need to navigate an increasingly fast-paced financial landscape with confidence.