How we're helping Australian businesses through COVID-19
As we continue to navigate the impacts of the global pandemic, here’s how Export Finance Australia is supporting Australian businesses.
With COVID-19 cases persisting across several Australian states, some exporters are struggling to adapt to the rapidly changing circumstances. New challenges have emerged – from difficulty in fulfilling international orders, to cancellations, payment issues and lost revenue.
As a result, many businesses need additional capital to help them stay on top of their cash flow – but some are unable to secure it from their bank.
That’s where we at Export Finance Australia have stepped in.
More than ever, our team is helping
As the Government’s export credit agency, we play a vital role in helping Australian businesses keep operating through the current crisis. Our role is one of support, providing businesses the chance to emerge on the other side stronger than before.
Export Finance Australia has been working closely with Australian businesses - particularly exporters and those in the supply chain. We step in to provide finance during these unprecedented times.
We’ve helped businesses review their situation to understand the specific impacts of COVID-19 on their operations and their sector – and put together tailored financial solutions to keep their business moving and growing.
We really appreciate the help from Export Finance Australia. Due to closures of the Queensland border, we’ve had to pause services for our Airport Shuttle business. Export Finance Australia’s assistance not only helped us get through three months of hibernation, but also enabled the opportunity to fine tune and improve our capabilities.
Ron King
Managing Director, Byron Easy Bus
Supporting customers remains at the heart of what we do
We are ensuring that businesses make the most of the financial support available to them. We provide finance to sectors through the COVID-19 crisis – such as those engaged in exports, supplying goods to export businesses, inbound tourism, or selling goods and services online in a global marketplace.
Through our loans, bonds, and guarantees, we are helping businesses remain cash flow positive. We diversify services by adding new buyers, suppliers and contracts to existing loan facilities.
Without Export Finance Australia, our export business would have been severely impacted by COVID-19. Their help has meant that we will be able to continue to produce and export wines to our international customers and has made our business that much more commercial. It’s wonderful.
Franklin Tate
Proprietor & Founder Grape Expectations Vintners