Before you decide on costs

When it comes to deciding how much it will cost to finance your export, consider the following questions:

While banks and export credit agencies remain the easiest and most approachable sources of funding, other options exist including various grants, venture capital and equity sharing deals.

Export Finance Insurance Corporation

The Export Finance Insurance Corporation (Efic) is the Australian Government's export credit agency that provides Australian exporters with finance and insurance assistance to overcome financial barriers.

Dealing directly  with exporters or their banks, EFIC provide loans, guarantees, bonds and insurance, all of which can be tailored to meet your needs as an exporter.

Find out how EFIC can assist you with finance and insurance.

Export Market Development Grants

The Export Market Development  Grants (EMDG) scheme administered by Austrade offers financial assistance to aspiring and current exporters.

Benefits of the scheme include:

  • up to 50 per cent of expenses incurred on eligible export promotion activities above a $5000 threshold to be claimed back in the year they were incurred, provided the total expenses are at least $15,000
  • each applicant receiving grants of up to $150,000 per application up to a maximum of eight annual grants
  • grants are regarded as assessable for income tax purposes
  • the Australian Taxation Office has confirmed that GST will not apply to EMDG grants

Venture capital

If you're comfortable with a third-party taking an equity stake in your business, and a share of the profits, venture capital could be an option to finance your exporting business.

The Australian Private Equity and Venture Capital Association (AVCAL) represents Australia's private equity and venture capital industries. Its members comprise mostly of the country's active private equity and venture capital firms and provide capital for early stage companies, as well as later stage expansion.