Small and Medium Enterprises (SMEs) are the lifeblood of the economy, accounting for 98% of all businesses in Australia and employing nearly 44% of the total workforce1. As a Adviser and/or Accountant, partnering with small businesses is one of the most important and rewarding roles you can play in your career.

‍What does the SME lending space look like?

As we near the end of 2022, SMEs have re-emerged from a hibernating economy and rapid market changes have been spurred by new technology and data, resulting in an influx of small business owners moving away from traditional bank loans to specialist providers, as their appetite for growth and expansion increases2. Inflationary pressures, the macroeconomic environment and geo-political risks have all resulted in the big banks taking a more precautionary approach when assessing the applications of small business customers. Unfortunately, the businesses who fail to secure a loan are more likely to be the ones struggling with cash flow, managing expenses, finding and retaining skilled staff etc.

As a Adviser and/or Accountant, it’s important to have multiple options up your sleeve to help all of your clients…your SME clients rely on you to help them in a timely and professional manner, utilizing all the tools available to you – this is where the Bizcap Team comes in, i.e., utilising cash flow finance as a bridge-financing tool, to get your clients funding when they need it most (especially when other lenders may not support them).

What sort of businesses can Bizcap help?

Business finance applications can be a very time-consuming process. We believe that Australian and New Zealand small businesses should have fast access to the capital they need to grow, even if they don’t have the ‘perfect credit score’. Our systematic approach to assessing each application means we really get to understand our customers at a granular level – as a result, we assess more than just their credit and provide business loans from $5,000 to $2,000,000 (over three to twelve-month terms).

We help businesses overcome short-term hurdles and set themselves up for a successful future. Bizcap can provide funding to businesses who:
– Have an active ABN (Australian Business Number)
– Have been operating for a minimum of six months (18 months for construction companies)
– Are turning over a minimum $12,000 per month

We provide finance to businesses from a range of sectors, including retail, services, transport, manufacturing, agriculture, construction, direct marketing and events, glass tinting, panel beaters/collision repairs, towing services, taxi and car hire services etc…we’ve helped small business owners from all walks of life!

When can Bizcap help clients that have been rejected by other lenders?

At Bizcap, we assess each application individually and we typically work with clients who:
– Have credit scores of any size
– Have been rejected by traditional lenders
– Have not received the full funding they were after
– Have defaults and/or judgements
– Need of fast access to working capital

So, if you’re looking for a fast, convenient and hassle-free way to get your SME clients funded, look no further than Bizcap.

How quickly can Bizcap provide capital?

We can have funds to a client within three hours, enabling you to provide quick and easy solutions. If you have a client requiring urgent funding, just let your Partnerships representative know and we’ll do everything in our power to prioritize your deal – after all, we are Australasia’s most open-minded lender.

What does Bizcap consider when reviewing an application?

When assessing applications, we establish the overall health of the business (from a cash flow perspective), the average end-of-day balances and the frequency/volume of monthly deposits. In addition, we’ll look at the time-in-business and any loan repayment history. We provide a quick assessment of your client’s application and provide a conditional offer, with a breakdown of the repayments – along with the applicable factor rate – within a matter of hours (our Partner Portal also gives you live access to the deal flow).

Always here when you need us!

At Bizcap, we’re committed to helping SMEs grow and flourish. Since the company’s inception back in 2019, we’ve partnered with hundreds of Advisers and Accountants and have offered their customers funding, fast. To-date, having helped over 10,000 Australian and New Zealand SMEs. We pride ourselves on saying “yes” to more customers, more often – and in most cases, cash flow capital, or a bridging loan, can make a world of difference to SMEs.

Our team is always here to help, so if you have any questions, pick up the phone and call us on 1300 922 223. Alternatively, if you’d like to partner-up with Bizcap click here.

  • 1 Small Business is a BIG Deal – 2020 (Australian Chamber of Commerce and Industry); https://www.ausbanking.org.au/wp-content/uploads/2021/03/ABA-Small-Business-Lending-Report-2021.pdf
  • 2 “Small business access to finance” The evolving lending market (Australian Government Productivity Commission); https://www.pc.gov.au/research/completed/business-finance/business-finance.pdf