The SME finance provider has been internationally acknowledged for its contribution and dedication to the trade finance sector at the annual Trade Finance Global Awards.
Scottish Pacific Tradeline, the trade finance arm of Scottish Pacific, was named Best Trade Finance Provider for 2015 at the awards, recognising its commitment to helping SMEs grow their overseas operations.
James Sinclair, editor at Trade Finance Global, said Scottish Pacific is a leader and pioneer in trade finance services not just in Australia and New Zealand, but globally.
“The judging panel were particularly impressed by Scottish Pacific’s excellent staff and customer services and dedication to help aspiring SMEs grow with innovative finance solutions,” he said.
Scottish Pacific CEO Peter Langham said it was wonderful for the group’s trade finance team, led by Craig Michie, to be acknowledged for what it has been able to achieve since its establishment just over three years ago.
“Increasingly, businesses are looking to capitalise on import and export market opportunities, and what drives Scottish Pacific Tradeline is helping these businesses find the best ways to fund their market expansion,” he said.
“Most recently, we became the first non-bank to be approved by Efic, the Australian federal government’s export credit agency. Efic supports Australia’s export industry by guaranteeing commercial finance facilities taken out by Australian companies exporting or operating in the export supply chains.”
Mr Michie said there are plans to expand Scottish Pacific Tradeline to new locations and broaden distribution by establishing more strategic partnerships.
“For our clients, speed to market and ease of doing business are key drivers,” he said.
“We are testing new technology to speed up our approval and transaction processing times, and we will continue to find new ways to generate stand-alone working capital facilities that can operate without any impact on current banking operations.”