Do your small business clients in New Zealand ever face cash flow shortfalls, where quick access to capital could bridge the gap? With Bizcap’s Business Line of Credit, they can have funds at their fingertips whenever they need them.

A Solution for Small Businesses

Bizcap’s Business Line of Credit works like an overdraft facility, allowing business owners ongoing access up to $300,000. They can draw down as much as they want, whenever they want and only pay for what they use. All without having to apply for a loan each time.

“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,” says Bizcap’s New Zealand’s General Manager, Camilla Tumai.

Businesses have used the Line of Credit to cover a wide range of needs, from plugging cash flow gaps to seizing growth opportunities. Retailers have utilised it to make quick stock purchases, builders to pay import duties on building materials, and childcare facilities to cover salaries between government grants.

“With the ability to draw down funds anytime, business owners only pay for what they use, allowing them to manage their finances more effectively,” says Bizcap’s Chief Revenue Officer, Rebecca del Rio.

The Line of Credit in New Zealand will work similarly to our Australian offering, details of which are covered in our recent interview with Australian Broker.

Easy Access and Transparency

With Bizcap’s Business Line of Credit, customers can log in to their online portal 24/7, via web or mobile, to access their available funds and make quick drawdowns.

They can also use Bizcap’s repayment calculator to find out how much and how frequent the repayments will be. With the click of a button, the funds can quickly move into their account.

Early repayment discounts are also available, visible in real-time through the portal, giving business owners the opportunity to save on the cost of funds.

Simple Application and Fast Approvals

The application process is quick and easy. Businesses that have an active NZBN, been trading for at least nine months and have a minimum monthly revenue of $20,000 can apply.

“We can even make them a conditional offer without running a credit check,” explains Chief Operating Officer Adam Szental. Once approved and accepted by the customer, the facility is available for immediate use.

A Suite of Lending Solutions

Bizcap introduced the Business Line of Credit to complement its lending solutions, which also include Fast Business Loans and Bridging Finance, among others. With Bizcap’s Fast Business Loans, SMEs can get loan applications approved in as little as 3 hours, with same day funding, and with Bridging Finance, they can plug cash flow gaps at heavily reduced rates.

Empowering Advisers

For advisers in New Zealand, Bizcap’s Business Line of Credit is a valuable addition to their toolkit, offering clients fast access to flexible funds. “It positions you as a one-stop-shop,” says Del Rio. “You’re already a trusted adviser to them, so offering Bizcap’s Line of Credit product to your SME clients provides them with an additional financial solution.”

Advisers also benefit from earning commissions on referrals, making it a win-win for both advisers and their clients. Enquire now to start earning on Line of Credit referrals.