Online info for finance

Written on the 1 December 2010

JUNE 2010

THE Federal Government has launched a website that brings prospective exporters information on finance.

The Export Finance Navigator is an independent source of information that aims to assist current and potential exporters by sourcing a wide range of information on the financing alternatives available.

Developed by Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, the online tool is a response to a recommendation of the 2008 Review of Export Policies and Program (the Mortimer Report).

The website divides the exporter’s journey into six stages: preparing for export, finding markets, winning contracts, financing production, getting paid and expanding overseas. An exporter can easily identify which stage they’re at, and then find the export finance solutions available to them at that stage.

EFIC chief executive Angus Armour, says it will help give Australian businesses operating in overseas markets a more solid financial foundation and contribute to their continued international success.

“SME exporters frequently tell us that they’re not sure where to begin looking for information about export finance, and often they don’t know that government assistance is on hand. Export Finance Navigator gives them the starting point they need to learn about export finance,” he says.

The Mortimer Report found a common problem for new exporters and businesses investing overseas were a lack of understanding about the financial products available and where to obtain finance.

The report identified a need for ‘an independent source of advice and information on export financing, including referrals to commercial service providers as well as to other sources of government financial assistance’.


Latest News

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter