AustraliaÍs first business to business credit card which provides both unsecured and accelerated working capital finance for SMEs has been launched by Octet Finance.

Similar to a consumer credit card but with a much higher facility limit, and without personal or business assets used as collateral, the Octet Trading Card is designed to allow businesses to reduce the critical timing gap between their cash outflow from purchases and cash inflow from sales.

Clive Isenberg, OctetÍs managing director, said: ñThis is a fresh approach to providing finance for Australian businesses. It is unique in that it allows SMEs to both rapidly collect money that is owed to them by their customers/buyers and provides them more time to pay their suppliers/sellers.

ñThe Trading Card will allow small businesses in this country to reduce their working capital cycle, which is often the fault line for many growing businesses, especially in their establishment phase.î

This card launches follows the successful introduction in February 2008 of OctetÍs business to business credit card facility for imports into Australia from China and Hong Kong.