Bizcap brings flexible credit option to New Zealand
Bizcap, a funding provider for small businesses in New Zealand and Australia, is launching its Business Line of Credit in New Zealand on Dec. 1.
The offering follows the product’s successful rollout in Australia.
The new line of credit allows small and medium enterprises (SMEs) to access funds on demand without reapplying for each withdrawal.
Designed to manage cash flow, address unexpected expenses, and support growth opportunities, Bizcap’s Business Line of Credit ensures businesses are charged only for the funds they use, keeping costs aligned with their needs.
Supporting SME growth and stability
“New Zealand’s SMEs are critical to the economy, and we’re pleased to bring one of our most in-demand products to the market – a flexible funding option that aims to support their operational and growth needs,” said Camilla Tumai (pictured above), general manager of Bizcap New Zealand.
The line of credit serves diverse sectors, including retail, construction, and professional services, offering businesses financial stability during seasonal slowdowns or when pursuing expansion.
Streamlined access and transparency
Bizcap’s online portal provides users with full visibility of their credit facility.
“Customers can log in to view and access funds, explore repayment options, and take advantage of early repayment discounts,” said Adam Szental, Bizcap’s chief operating officer.
Key features include:
- Flexible funding: Borrow up to $300,000 with on-demand access.
- Fast approval: Minimal documentation required for quick setup.
- Pay-as-you-go costs: Charges apply only to funds drawn, optimising cash flow.
Bizcap’s exclusive pre-launch access for advisers
Advisers can gain exclusive pre-launch access to the line of credit, enabling them to introduce the solution to their clients.
Interested partners can contact Bizcap at [email protected] or visit its website for more details.
Get the hottest and freshest mortgage news delivered right into your inbox. Subscribe now to our FREE daily newsletter.
