Export Finance Australia has supported many Aussie businesses as they’ve adapted to the challenges of COVID-19. Here, the Export Finance Australia team shares key insights from the past year, plus 6 top tips for businesses looking to rebuild and drive growth in 2021 and beyond.
Australian businesses were hit hard by the economic impacts of the pandemic. The number of businesses contacting Export Finance Australia for help spiked in April 2020, increasing three-fold on normal levels.
Export Finance Australia is the Australian Government’s export credit agency. It helps Australian businesses go global by providing loans, guarantees and bonds to assist in their growth.
“In the early stages of the pandemic, we were very busy,” says Greg Caisley, Chief Customer Officer – SME. “For existing customers, we provided flexibility and relief with extensions and deferrals on their existing facilities. We also reached out to all businesses in our database to see how we could assist with financial solutions.”
Being in close contact with so many businesses, Export Finance Australia saw the different ways businesses responded to the challenge. Some were able to adapt to survive and even thrive. Across those businesses that have done well, Export Finance Australia has observed some key themes.
As businesses look to rebuild in a changed world, the team at Export Finance Australia shares some insights and advice for success.
If you need finance to grow your business, or simply need a cashflow boost contact Export Finance Australia 1800 093 724.