Export Finance Australia is here to support Australian manufacturers through COVID-19

The global pandemic has put a financial strain on Australian businesses, including exporters. Since COVID-19, it has become more challenging for businesses to operate due to order cancellations, lost revenue, shipment delays and payment difficulties.

As businesses try and navigate their way through the crisis, they may need additional finance to continue their operations. That is where Export Finance Australia may be able to help.

Enabling Australian businesses to expand globally

HeliMods equips helicopters with everything they need to perform specialist missions, such as policing and aerial surveillance, emergency medical services, search and rescue, and military and paramilitary operations. They successfully completed one of the largest North American air ambulance fleets. To secure the contract, the business needed to meet their buyer’s challenging commercial terms and needed additional assistance.

Export Finance Australia supported HeliMods’ working capital requirements with a $1.05 million loan. This enabled them to deliver the order and meet the commercial terms that would allow the finalisation of the deal.

“We now export to numerous countries all around the world. So that’s sort of been a pretty rapid growth story. We see significant growth opportunities in North America as well as Europe, in the near future.” Will Shrapnel, Founder, Helimods

Export Finance Australia

As the Government’s export credit agency, they provide a range of finance solutions to exporting businesses, including Australian manufacturers. Through a range of flexible loans and guarantees, they provide financial solutions to support small, medium, and large exporters that are unable to secure finance with their own banks.

Their knowledge and expertise allow them to tailor finance options to suit your business needs and could assist with:

• Working capital to finance against supplier invoices or international purchase orders
• Capital investment to purchase new equipment and expand operations
• International expansion to establish or grow business operations overseas
• Online growth to invest in eCommerce and grow sales to international customers

Export Finance Australia has supported Australian businesses for more than 60 years and now, more than ever, it is here to help businesses through these difficult times.

Find out more

To find out more about how Export Finance Australia could help your business through COVID-19, visit exportfinance.gov.au/covid19 or call 1800 093 724.