Trade Finance
Boost your purchasing power with fast funding for stock, inventory and raw materials.
Why choose Trade Finance?
ScotPac Trade Finance closes your working capital gap between sales and procuring inventory or raw material, fast. Don’t let short payment terms or payments in full upfront stop you from growing your business and taking on new opportunities. Whether purchasing within Australia or importing from overseas, ScotPac’s office in Guangzhou, China works with you to negotiate favourable terms and ensure quality goods from your supplier base. Suncorp Bank partners with ScotPac, the largest provider of working capital solutions in Australia & New Zealand, for the provision of Trade Finance services. As industry leading trade experts, we have the know-how to make simple or complex deals work for you.
Key features
- No property is required as security
- Funding is available for stock, inventory and raw materials
- Can fund up to 100% of supplier invoices
- Payments available in most currencies
- Specialist support for any questions or guidance you may need is available from 9am to 5pm weekdays.
Interest rates
Interest rates are determined by your individual business circumstances and therefore we do not publish a single lending rate. Your Business Banking Manager will take into consideration your needs and circumstances and provide you with competitive rate options.
Fees
Fees vary and are available on application.
Eligibility
Because the merits of each business applying for Trade Finance will be assessed on an individual basis, therefore it is best to speak to your Relationship Manager or contact us on 13 11 75 to see if Trade Finance is appropriate for your business.
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
Trade Finance credit facilities and services are provided by Scottish Pacific Business Finance ABN 79 008 636 388 (ScotPac) under referral arrangements with Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 ). Suncorp Bank is not responsible for and does not guarantee or otherwise support ScotPac's obligations under the contracts or agreements connected with Debtor Finance.
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Suncorp Bank Clear Options Credit Cards. Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882) promotes and distributes Suncorp Bank Clear Options Credit Cards on NAB's behalf under an agreement with NAB. NAB has acquired the business relating to this credit from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the Credit Cards. Suncorp Bank will not guarantee or otherwise support NAB's obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Internet Banking and Telephone Banking).
