Deals on Wheels #460

DEALS Showcase
Cash flow
GAINS
It’s no secret that transport operators are burdened with everyday business expenses
and fixed costs, more than other businesses. Innovative funding options such as
invoice or asset finance can help operators generate immediate working capital and
allow them to focus on their business needs and growth opportunities
ScotPac aims to
improve
cash flow
to generate
funds that
all transport
operators rely on
Freight transport operators, particularly
those in the road transport sector, have a
large number of commitments that strain
their cash flow and face varying levels
of daily challenges – uncertainty of long
payment terms and debt turnaround,
fluctuating cash flow that can cause
stress in managing day-to-day finance
and fixed costs.
For smaller operators the road can be
more challenging as they might not have a
huge buffer between operational costs and
revenue generation; and if they are reliant
on customers who take longer to pay, it really
hurts their bottom line.
In such cases, useful cash flow solutions
such as invoice finance can assist, allowing
businesses to draw down the value of
invoices they are owed. This provides an
up-front cash injection rather than the typical
wait for the invoices to be paid.
Invoice finance can:
• provide a line of credit by using unpaid
customer invoices
• outsource sending of statements and
collection calls to save time
• provide peace of mind against bad debt
protection.
This is where lenders like ScotPac Business
Finance come in.
Established in 1988, ScotPac is Australia
and New Zealand’s largest non-bank lender
for SME’s and leading provider of working
capital solutions, specialising in invoice, asset
and trade finance facilities. With expertise in
the transport sector, ScotPac aims to improve
cash flow to generate funds that all transport
operators, particularly small to medium
businesses, rely on, as well as support the
purchase of vehicles to expand the fleet.
INVOICE FINANCE
ScotPac Invoice Finance can help you
smooth out cash flow by advancing up to 95
per cent of the invoice value when invoices
are raised so operators have certainty around
being able to meet supplier demands or other
financial commitments.
ScotPac provides a range of options to
ensure you get a working capital facility that
meets your specific needs now and grows in
line with your business. Providing solutions
that let you choose between self-managed,
where you decide how much money you
need and how often you need it, or end-toend
services that provide receivables and
collections support. There are also options
to choose between fixed-term contracts or
no minimum term contracts, and tech first
solutions offering seamless connections to
your accounting software, making it the easy
way to manage your funding and help make
your bookkeeping a breeze.
ASSET FINANCE
ScotPac’s asset finance helps fund equipment
and vehicles to help operators of all sizes
expand their business. With flexible terms,
ScotPac can help build your fleet by:
• funding up to 100 per cent of the purchase
costs of an asset with no capital outlay
• giving more choice to purchase new or preowned
assets locally or from overseas with
no upfront payment
• allowing access to capital that operators
have tied up within existing assets
• offering quick approvals – in some cases,
in as little as two hours.
For further details, visit
www.scotpac.com.au/transport.
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