ScotPac has been providing funding to transport businesses across Australia and New Zealand for 35 years and in this time has helped its clients navigate their cashflow challenges to become Australia’s largest non-bank lender.
Understanding cash flow problems is the key to managing them
Slow paying customers, rising fuel costs and seasonality are all affecting many transport businesses, small and large, diminishing available working capital and straining cash flow. With offices closing over the holidays and invoice payments slowing, businesses need to plan ahead. Members can find out more about how to manage these issues with the Cashflow Action Plan.
Knowing your options
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and ScotPac have developed an independent Essential Guide to Business Funding for SMEs. An easy-to-follow guide, designed to help time-poor businesses prepare for funding, and ensure they’re selecting the finance solution that provides them with the best chance of funding success. Learn more.
Calculating working capital needs
Working capital is the difference between your current assets and current liabilities. It provides a measure of whether you have sufficient liquid assets to pay bills that will fall due within a year. Having a strong reserve of working capital has many advantages for your business, including:
- Knowing you have adequate cash on hand to manage repairs and time off the road
- Surviving payment delays and seasonal shortfalls
- Funding new marketing campaigns, investment and expansion
More information about ScotPac’s solutions to these issues can be found here.
