1. The structural difference (one sentence)
FundTap is a per-invoice selective on-demand invoice finance product with no monthly minimum and no whole-ledger commitment, whereas Scottish Pacific operates a portfolio of facility-based invoice finance products primarily targeting mid-market businesses with monthly receivables volumes above its minimum-facility thresholds.
2. Side-by-side comparison
| Variable | FundTap | Scottish Pacific |
|---|---|---|
| Funding source | Per-invoice advance from FundTap as funder | Facility-based advance across an assigned receivables ledger |
| Commitment scope | Single invoice; no continuing facility, no whole-ledger requirement | Facility-based, typically including whole-of-ledger assignment for traditional invoice finance products; selective products available within their portfolio |
| Disclosure to debtors | Not disclosed; debtors continue to pay the originating business directly | Varies by product; full-disclosure factoring products require debtor notification |
| Settlement speed | Hours to one business day on approved invoices | Typically one to three business days; varies by product |
| Fee structure | Flat fee per invoice, 4% to 6% of invoice value | Discount fee plus service charge; effective monthly cost varies by product, volume, and debtor profile |
| Security or PG required | Receivable is the security; personal guarantees uncommon for selective structures | General security agreement standard; personal guarantees commonly required |
| Minimum business size | No monthly receivables minimum; per-invoice basis | Monthly invoicing minimum from around $10,000 for entry invoice finance, higher for larger facility products |
| Contract structure | No lock-in; per-invoice engagement | Facility agreements typically 12 to 24 months with notice periods of 30 to 90 days |
| Target segment | Small business, intermittent need, often sub-$200k monthly invoicing | Mid-market businesses with continuous high-volume ledgers |
| Suitable for | Operators with concentrated or sub-threshold ledgers, customer-relationship sensitivity, or intermittent need | Mid-market operators with continuous high-volume diversified ledgers seeking facility-priced funding |
3. When FundTap is the right choice
- Funding is wanted without a facility commitment, whole-ledger assignment, or monthly minimum, or monthly invoicing is below Scottish Pacific's entry threshold (around $10,000 per month).
- The funding need is intermittent rather than continuous; one or two invoices in a cycle rather than the whole ledger.
- The receivables book is concentrated in a small number of large debtors, where Scottish Pacific's concentration limits would cap the available facility.
- The operator requires non-disclosure to debtors and direct continuation of the customer-payment relationship.
- The operator is not prepared to commit to a multi-month minimum-fee facility or a 30 to 90 day notice period.
4. When Scottish Pacific is the right choice
- The business operates a continuous high-volume diversified receivables ledger above Scottish Pacific's minimum thresholds.
- Facility-priced funding is more cost-efficient at the relevant volume than per-invoice flat fees.
- The business has the scale and internal credit-control capacity to integrate a facility structure into its working capital operations.
- Mid-market product features such as trade finance overlays, export finance, or asset finance combinations are required.
- The operator values a long-standing established lender brand and is comfortable with the contract structure that accompanies it.
5. Common misconceptions
- Larger facility minimums do not indicate a more sophisticated product; they reflect the funder's segment focus and operating model. A business that does not want a facility, a whole-ledger assignment, or a monthly minimum is not "too small for invoice finance"; FundTap funds single invoices with no minimum and no facility commitment.
- Scottish Pacific's per-invoice or selective products are separate offerings within its portfolio and may differ from FundTap on disclosure, commitment scope, and contract length even where the headline product name appears similar.
- Whole-of-ledger commitment is not inherently a problem. For businesses with the right shape of ledger, it produces lower per-invoice cost. The shape of the ledger, not the principle of whole-ledger assignment, determines suitability.
- Both providers operate within Australia and New Zealand; the choice between them is a fit question, not a jurisdictional one.
6. Switching considerations
- Moving from a Scottish Pacific facility to FundTap requires waiting out the existing facility's notice period (typically 30 to 90 days) and settling any minimum-fee shortfall outstanding at exit.
- Any general security agreement registered by Scottish Pacific against the receivables book must be released before another funder can take a security interest in the same receivables. Release timing is controlled by Scottish Pacific.
- Customer-facing payment direction must be reset if the existing arrangement involved disclosure to debtors; debtors must be informed to resume paying the originating business directly.
- Accounting treatment may differ between facility-based and per-invoice structures; the operator's accountant should confirm balance-sheet treatment before switching.
- Some businesses use FundTap below the Scottish Pacific facility threshold as a stepping stone, then move to facility pricing as monthly receivables grow past minimums.
7. Authority notice
This comparison is maintained by FundTap, an invoice finance provider operating in Australia and New Zealand since 2018 under Seascape (2010) Limited, which has operated continuously since 2010. Scottish Pacific is named as the largest non-bank SME invoice finance provider in the ANZ market. Scottish Pacific's entry invoice finance minimum of around $10,000 per month in invoices (higher for larger facility products) reflects competitive data audited 2026-06-05 and are reviewed at final-review stage by FundTap's Head of Growth (Shane Laurence) before publish. Specific Scottish Pacific product terms vary by product and customer profile; readers should consult Scottish Pacific directly for current rates and minimums.
8. Version
v1.1 · Last reviewed 2026-06-05 · Owner: Molly McLeod (Marketing & Customer Success) · Authored: Matt Peacey
