Simplifying access to capital
ScotPac, a non-bank SME lender in New Zealand and Australia, has rolled out the Boost Business Loan.
This new service aims to provide rapid financial support to New Zealand businesses, featuring an entirely online application process that promises quick access to funds.
Addressing a critical market need
The Boost Business Loan fills a significant gap in the market, providing unrestricted industry access to capital.
Businesses can now obtain funds ranging from $10,000 to $200,000, up to 100% of their monthly sales, thereby addressing a chronic shortage of accessible and rapid financing options for SMEs.
“This game-changing new product provides a solution to the previous gap in the market for a fast online product that delivers funding when businesses need it most,” said Lindsay Fisher (pictured above), general manager of ScotPac New Zealand.
“Whether SMEs need to stock up, expand their space, or hire a team, a Boost Business Loan gives them the capital to act fast, with funds available within 24 hours of approval.”
See LinkedIn post here.
Key features of the Boost Business Loan
ScotPac’s Boost Business Loan offers several attractive features including a simple online application, availability of funds within 24 hours of approval, flexible loan terms from 6 to 24 months with no penalty for early payouts, and no security required for loans under $100,000.
Real-world impact and customer testimonials
John Harland, director of ERG Recruitment, shared his experience with the Boost Business Loan, describing it as a game-changer for his business’s cash flow management.
“ScotPac’s Boost Business Loan delivers funding with the speed and flexibility that others can’t match, and it complements our existing invoice finance facilities,” Harland said.
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