Small business lender goes prime
Small business lender Bizcap has added prime loans to its offering.
Wednesday, March 5th 2025, 10:08AM
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.
Bizcap Prime is available to businesses with at least 24 months of trading history and a minimum Equifax credit score of 600.
Settlements can be approved in three hours.
Bizcap co-chief executive Zalman Blachman said, ''New Zealand businesses deserve more financing options that align with their needs. Our customers and advisers love the speed and flexibility we offer, and their feedback has been clear—they want even more options to support a wider range of business needs."
Bizcap Prime Key Features:
- Higher Lending Ratios – Borrow up to 150% of monthly sales
- Longer Terms – 9-12 month repayment periods
- Lower Rates – More competitive than traditional short-term funding
- Fast Approvals and Settlements – typically within three hours
- Support for advisers and financial partners.
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