Bizcap lifts SME loan limits in Australia & New Zealand to meet demand

Bizcap has increased its maximum lending limit to SMEs in Australia to AUD $7.5 million and doubled the cap in New Zealand to NZD $4 million. The move extends the non-bank lender's reach to larger and more established businesses across both markets.

Australian market

In Australia, the raise follows a recent deal exceeding AUD $6.4 million involving a six-week bridging loan to support a hotel settlement. Bizcap has noted continued demand for swift and sizeable funding solutions, which the company says reflects ongoing growth among local SMEs.

New Zealand focus

In New Zealand, Bizcap's maximum loan size has doubled from NZD $2 million to NZD $4 million. The adjustment responds to increased demand for larger loans both from direct clients and from those sourced via financial advisers. The company cites a growing appetite for adviser-referred deals in particular.

Responding to demand

According to Bizcap, these expanded lending limits are direct responses to feedback from brokers and partners who require higher value funding to serve clients with complex business structures or urgent capital needs.

"We're seeing growing demand from brokers who are looking for solutions for clients with more complex structures, larger loan requirements and tighter deadlines. By lifting our funding limits, we're not only supporting SMEs directly, but also providing brokers with a powerful option to get challenging deals across the line," said Zalman Blachman, Co-Founder and Co-CEO, Bizcap.

Broker partnerships

Bizcap works alongside brokers and advisers to connect businesses with tailored funding. Its credit specialists assess the overall financial health of businesses rather than focusing strictly on credit scores, and work to support intermediaries throughout the lending process.

Blachman said his team works in collaboration with credit assessors, external parties, brokers, and SMEs to deliver funding solutions that may not be available from traditional lenders. "Our team knows how to assess complex deals with simplicity - working closely with credit, external parties, brokers and the SME - to deliver outcomes that traditional lenders often can't," said Blachman.

Supporting growth

Bizcap believes increasing its lending capacity will address market needs for flexible and regularly accessible capital, particularly for growing businesses that may not meet conventional lending requirements.

"This is exactly why we started Bizcap: to back businesses with bespoke, outside-the-box lending requirements when traditional providers won't," said Abraham White, Co-Founder, Bizcap.