Small business lender goes prime

Bizcap a new financing solution designed to provide longer-term, lower-rate funding to small and medium-sized enterprises (SMEs) in New Zealand.

Following exceptional demand for its Business Line of Credit and a record-breaking month for Bizcap in New Zealand the company is launching Bizcap Prime Loans.

It says the new products will address gaps in the New Zealand business lending market, offering more tailored funding options for established businesses as the end of the financial year approaches.

Businesses will noe be able to funding of up to 150% of their monthly sales, offering one of the most generous lending ratios in the market. Loan amounts range from $50,000 to $2,000,000, with flexible 9-12 month terms and more competitive rates than traditional short-term financing.