New line of credit business offering
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."
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