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.