New warehouse line to support asset-based lending for business clients
ScotPac has broadened its funding base by arranging a new warehouse facility with UBS AG Australia Branch, adding further capacity to lend to small and medium-sized enterprises (SMEs) and mid-market corporates.
“The new warehouse facility with UBS underscores our ongoing commitment to delivering innovative financing solutions to our clients,” said Jon Sutton (pictured top), chief executive of ScotPac. “It also further enhances the scale and diversity of our funding capacity and improves our overall capital efficiency.
“We are delighted to partner with UBS on this facility. It is a milestone that demonstrates the confidence that leading global financial institutions have in the ScotPac business and operating model.”
The facility will be used in part to support ScotPac’s Asset Based Finance offering, which was formally launched in late 2025 following a pilot earlier in the year. The product is aimed at SMEs and mid-tier corporates seeking working capital funding outside the major banks.
Asset Based Finance is structured as a revolving working capital facility that can be secured against several asset classes, including trade receivables, inventory, property, plant and equipment. By taking security over a broader pool of assets, it is intended to provide eligible borrowers with ongoing access to liquidity.
The lender positions the structure as an alternative to traditional bank lending, with flexibility around collateral and advance rates designed to help businesses manage cash flow, fund expansion and respond to new opportunities.
ScotPac reports strong early demand for the product from a range of industries, with the new UBS-backed warehouse expected to support further growth in volumes.
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