The small business lending space gets another player

Australasian non-bank SME lender, ScotPac has introduced a new product for New Zealand businesses that responds to their demands for quick and easy access to capital, with the convenience of an online application.

Its Boost Business Loan gives SMEs access to a fast and simple online lending solution that suits any business needing an immediate cashflow boost.

There are no restrictions on industries, which fills a critical gap in the market for New Zealand businesses that have, until now, been chronically underserved by quick and easy capital options, the company says

It says the product has the potential to benefit thousands of business owners.