Q. What do you think makes your products so popular with brokers?
ScotPac’s Invoice Finance product - traditionally known as debtor finance - is a standout with brokers because it gives their clients exactly what they need: fast, reliable, and flexible funding that grows alongside their business.
Instead of waiting for invoices to be paid, businesses can unlock working capital quickly without tying up property as collateral. In a climate of sluggish business-to-business payment times, brokers know it is reassuring for their clients to have the security of access to funds owing.
ScotPac’s Invoice Finance product funds almost $24 billion in invoices each year. With finance options from $10,000–$150 million, we help brokers support clients at every stage of growth, from start-ups to mature enterprises. As a stand-alone product or part of a hybrid solution, invoice finance can service a full range of critical needs from managing payroll to consolidating debt or gearing up for expansion.
Q. How have you been tailoring your debtor finance offerings in the past year?
One emerging area of specialty for ScotPac in the past year has been tax debt consolidation.
The acceleration of debt collection activity by the Australian Tax Office (ATO) contributed to a near-50 per cent increase in insolvencies in 2024. From 1 July this year, the interest payable on ATO payment plans will no longer be tax-deductible, unlike the interest on finance provided by lenders, including ScotPac.
Repackaging tax debt is one of the smartest and easiest decisions business owners can make to ease cash flow pressure and ScotPac stands ready to help any business in this situation.
