Overview

Export Finance and Insurance Corporation, also known as Efic, is the Australian's export credit agency. It is a self-funding statutory corporation, wholly-owned by the Commonwealth of Australia. Efic employs approximately 90 full-time equivalent staff and is administered by its head office in Sydney.

Export Finance and Insurance Corporation, also known as Efic, provides finance and insurance facilities which assist Australian businesses with overseas investment and export programs. Efic's products and services are divided into the following areas:

  • Small Business Export Loan - meets the necessities of small business exporters whereby most of the process can be completed online and within 9 business days.
  • Export Working Capital Guarantee - Can be offered to the clients’ bank if the client lacks the security the bank requires, to approve further capital.
  • Bonds facilities - Overseas buyers usually require Australian businesses to provide bonds (guarantees) as part of the export contract.
  • Corporate, sovereign & project finance - Provide financial support to foreign buyers and large exporters of Australian goods or services.
  • Medium-term export payments insurance - Provide insurance for payment periods of two years or more on export contracts for businesses.
  • Defence export facility - Provides finance facilities to Australian defence exporters and manufactures.
  • Export contract loan - Provides working capital to support small businesses with export contract or purchase order. 

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This Company Has Operations in the Following Industries:

Non-Depository Financing in Australia
General Insurance in Australia

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