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EFIC Headway can help you, as a small to medium sized exporter when you have reached your bank limit and need to extend your lending facilities. EFIC Headway is a guarantee from EFIC to a bank. It provides security to a bank to enable it to lend additional funds to you, as a small to medium-sized enterprise (SME) exporter, without requiring additional security from you. The product has been specially designed to meet your needs when facing a working capital shortage while growing your business. EFIC Headway is available as an extension to facilities from your existing bank and supports general export funding rather than a specific export transaction or contract. View participating banks > Benefits at a glance - No need to change your existing banking relationship
- Provides access to additional funding (which would not otherwise be available from your bank) to grow your business
- No additional security needed
- Minimal additional documentation required
- Flexible 3, 6, 9 and 12 month terms
- Available for general export funding
- Can enable you to take advantage of immediate export opportunities.
| | Download the EFIC Headway brochure >
Case studies
Find out how other companies have grown their business using EFIC Headway >
Product Features
Maximum value - Up to the amount of your annual export turnover but generally limited to 20% of your total facilities.
General eligibility The bank will determine your eligibility for EFIC Headway, then recommend approval to EFIC, however the following criteria may assist you in determining your potential eligibility: - Sales turnover up to $50 million
- Goods/services exported must have a significant value add in Australia
- You must be an established exporter (minimum 2 years) with an existing banking relationship, including lending facilities
- Your business must be profitable and have a reasonable financial standing.
Terms & fees - 3, 6, 9 and 12 month terms subject to review and renewal
- Fee will vary depending on your risk assessment.
Security - No additional security required.
Participating Banks For more information contact a participating bank on the following numbers. Alternatively contact EFIC on 1800 093 724 between 8:30am and 5:30pm (AEST) Monday to Friday, or email us.
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