Access to additional funding for exporters
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EFIC Headway is suited to established, profitable Australian SME exporters that need finance to grow their business.
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what is it?
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A guarantee from the Export Finance and Insurance Corporation (EFIC) to NAB. It provides security to NAB to enable us to lend additional funds to you, without requiring additional security.
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EFIC Headway has been especially designed to meet the needs of Australian exporters facing a working capital shortage.
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It is available as an extension to your existing bank facilities and supports general funding for exporters rather than a specific export transaction or contract.
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Export Finance and Insurance Corporation (EFIC) is a specialised financial services organisation supporting Australian businesses exporting and investing overseas by providing finance, finance guarantees, insurance and bonding facilities.
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| Benefits |
Features |
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Access to additional funding – that might otherwise not be available so you can take advantage of export opportunities |
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Access to general export funding – not tied to a specific export contract |
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No additional security |
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Minimal additional documentation |
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| Important facts |
| Maximum value |
Up to the amount of your annual export turnover but generally limited to 20% of your total limits |
| Facility term |
3, 6, 9 and 12 month terms subject to review and renewal |
| Fees and charges |
Will vary depending on the risk assessment |
| View in conjunction with |
NAB Export Finance |
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where to from here?
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If you have more questions, or need further assistance, contact your NAB Business Banker or your Global Trade Finance specialist; Peter Dockery on (03) 8636 5531.
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| For all your Global Trade Finance needs visit nab.com.au/tradefinance |
| The information is current as at the time of printing (September 2006) and is subject to change. The information does not purport to be a complete description of the product, is of a general nature only and should not be relied upon in making any decision. Any advice contained in this fact sheet has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice in this fact sheet, the NAB recommends that you consider whether it is appropriate for your circumstances. The product is only available to approved business customers.© 2006 National Australia Bank Limited ABN 12 004 044 937 22840 28594 (10/06). |
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