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New scheme offers capital for exporters

Release Date

06 November 2012

The National Australia Bank (NAB) and the Export Finance and Insurance Corporation (EFIC), the Australian Government's export credit agency, have signed a Master Working Capital Guarantee Facility to help exporters gain additional working capital to finance export contracts.

Under the arrangement, the EFIC can provide a guarantee to NAB, enabling the bank to lend to its customers the additional working capital they need to finance their international business growth. EFIC's export working capital guarantee is a flexible guarantee (generally for a minimum of $500,000) which can support a single export contract or many export contracts with different buyers.
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