Once you’ve finished your export budget, you’ll know if you need to borrow money from a bank or other financial institution to finance your export business.
The amount you can borrow will depend largely on the value of the assets that you can provide as security for the loan.
Common forms of security are cash, fixed assets like commercial property and equipment, and Australian accounts receivable.
There are two main funding options that you can receive from a bank or other financial institutions are:
- a secured loan, which is money that you borrow using your assets as security that is repaid with interest over the term of the loan.
- a commercial bill facility, which is a payment order directing your bank to pay an amount of money in the future to the holder of the bill (also called a bank bill or bill of exchange)
Your bank may be able to offer you a secure loan or commercial bill facility to help you with financing your exports.
Export Finance Australia may also be able to assist with your export finance requirements. Visit our business solutions page to read how we partner with banks to provide export finance.
A range of Government grants and concessions are also available that may help you obtain the financing you need.