Boost Business Loan Bridges Vital NZ SME Market Gap – ScotPac
(13 June 2024 – New Zealand) ScotPac has introduced a new product for New Zealand businesses that provides quick and easy access to capital with the convenience of an online application.
With ScotPac’s Boost Business Loan, New Zealand SMEs can access a fast and simple online lending solution that is perfect for any business needing an immediate cashflow boost. ScotPac’s Boost Business Loan operates on a leading fintech platform underpinned by a data-driven credit decision engine that provides fast credit assessments.
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. This seismic shift in access has the potential to benefit thousands of business owners.
“This game-changing new product provides a solution to the previous gap in the market for a fast online product that delivers funding when businesses need it most. Whether SMEs need to stock up, expand their space, or hire a team, a Boost Business Loan gives them the capital to act fast, with funds available within 24 hours of approval” commented ScotPac New Zealand General Manager, Lindsay Fisher.
“Similarly, if a good business with variable cashflow needs a fast cash injection to meet its monthly tax bill or an unexpected cost, ScotPac’s Boost Business Loan is there to help. Whatever the need, New Zealand SME owners have made it clear they want a fast and flexible finance product with the convenience of an online application process. That is exactly what a Boost Business Loan delivers” Mr Fisher added.
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