New Help for Export

The Brisbane company Unison Joints makes expansion joints for railway lines.    They have recently obtained $450 000 from the Commonwealth’s Export Finance Insurance Corporation (EFIC) to underwrite a big contract in Saudi Arabia.    This is a new direction for EFIC, which can now lend for non-capital goods, ie components, rather than just capital goods.    The company had not been able to get capital from its bank as its turnover was not considered adequate.   This suggests that food ingredients companies could explore this option for export support.  See EFIC at AND your financial advisor.

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