Small business export loan available

The Government’s Export Finance and Insurance Corporation (Efic) has introduced a new loan to support SME exporters as they innovate and grow. The loan is designed for businesses that have export contracts or purchase orders with buyers overseas, but are unable to get a bank loan to secure these and satisfy their cashflow needs.



To be eligible, your business must be an Australian registered company with an annual turnover of $250K-$10 million and have been trading for at least two years.

The goods or services that you are exporting can be made up of Australian-owned intellectual property, services or product design, or components and raw materials manufactured or produced in Australia. Labour and manufacturing costs should be incurred in Australia.


The loan has some useful features including:

  • Flexible 3-12 month loan terms to suit your cash flow
  • Fixed interest rate for easier budgeting
  • Quick access to funds with formal approval within around seven business days and funds available two days later
  • The option to receive conditional approval while you wait for purchase orders or export contracts to be finalised.

Note that Efic will only approve a loan if your bank is unable to provide funding to support your export contracts.

Other support for exporters

Export development grants are also available to Australian businesses developing overseas markets. See our article on Export Development Grants for eligibility criteria and the expenses which can be claimed.

Accru specialises in helping businesses expand overseas and has been working closely with some of our Asia-based CPAAI firms for many years, assisting clients with business opportunities throughout the Asia-Pacific. Our new website showcases our partners and work in the region.

Please get in touch if you would like to know more.

About the Author
Steven Zabeti , Accru Felsers Sydney
Steven communicates with his clients regularly, offering business support and practical solutions. He’s known for building good working relationships and providing consistent professional service with an entrepreneurial flair that adds value to engagements.
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