Small business lender Bizcap has added a Business Line of Credit product that gives New Zealand SMEs on-demand access to funds without reapplying for each draw. It says this helps firms manage cash flow, cover unexpected expenses, and pursue growth opportunities.
Businesses are charged only for funds they use, making it a cost-effective solution tailored to shifting financial needs.
"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," Bizcap New Zealand general manager Camilla Tumai says.
"Our Line of Credit is designed to offer reliable access to working capital, allowing small business owners to manage their finances without the need for repeated loan applications."
Bizcap's Line of Credit serves various industries, from retail and construction to services, enabling New Zealand business owners to manage key expenses like stock purchases, payroll during seasonal lulls, and expansion planning.
Product Highlights
LOC customers get access to an online portal that allows for visibility of the facility. They can view and access funds, and see all the repayment options available, including early repayment discounts.
Bizcap is offering select advisers exclusive pre-launch access to bring this solution.
| « Climate change – a threatening problem for lenders | Vincent Capital adds a South Island BDM » |
Special Offers
No comments yet
Sign In to add your comment
© Copyright 1997-2025 Tarawera Publishing Ltd. All Rights Reserved