Financing a business is critical for achieving success and sustainable growth.
But how do you take your small business and ensure it has the necessary access to working capital to ensure its success?
This is where business finance comes in. Business finance solutions are the lifeblood of any growing company. It’s the fuel that propels your company forward, allowing you to invest in new products, equipment or work space, hire additional staff, or expand into new markets.
In other words, tailored solutions for financing your business give you the resources you need to turn your ambitions into reality.
The Role of Business Finance
Why is business finance so important for continued growth? There are a few key reasons.
1. Access to working capital
The right business finance solutions open doors to opportunities that might otherwise be out of reach due to lack of access to the necessary capital. It allows you to invest in areas that are critical for growth, such as marketing campaigns, product development, market expansion or inventory purchases.
2. Flexibility to suit your needs
Whether you’re considering invoice factoring, a business loan or a different sort of financial solution, it can and should be designed to suit your needs. Both one-time injections of capital and lines of credit for ongoing expenses can be essential for giving your business the leg up it needs.
3. Ensures control over your business
ScotPac’s solutions for financing your business allows you to maintain control over your business without compromising access to much needed cash flow. As a small business owner, continued control with the right and sustainable form of funding is the necessary combination for long term success.
Types of Financing a Business Can Access in NZ
Invoice Finance NZ
With invoice finance your business can access the outstanding value of issued invoices before your clients settle their accounts. This allows you to use that much needed working capital for ongoing expenditure coverage, investment and growth.
This financing for businesses allows for flexible, quick and controllable access to capital injections to cover gaps in cash flow without you having to wait the period of your payment terms.
Initial invoice finance provides you with a percentage-up to 95%, in fact-of the total value of the invoices. Once your clients pay the outstanding invoices, you receive the rest minus any associated and agreed-to fees.
Trade Finance NZ
Trade finance ensures businesses are able to manage the financial risks associated with international trade. Whether you are looking to export your manufactured goods or import products from overseas, trade finance allows you to mitigate risks, ensure seamless trade and avoid cash flow that can be disruptive for your ongoing operations.
Business financing solutions for international trade include Letters of Credit, which provide guarantees to your supplier that they will be paid upon delivery of the goods without putting you out of pocket, as well as financing options to cover the cost of the goods until they are delivered to you and then on-sold.
Business Loans NZ
ScotPac New Zealand is now providing business loans! A tailored, flexible loan can ensure your business has the capital it needs to ensure sustainable success.
Business loan solutions usually come in the form of a lump sum of capital. This amount is then repaid through regular installments over a set period of time, with interest.
At ScotPac, we offer businesses opportunities to access loans of anything from $10,000 up to $200,000. Our loans can also be provided unsecured, which means you don’t need to put up your family home as security. If you are looking for a secured loan or would like to explore larger business loans to help your business thrive and grow, make sure to reach out to the team today.
Why New Zealand Business are Financing with ScotPac
ScotPac has been helping small business owners access financing for over 35 years. Currently, we support over 8,000 businesses throughout New Zealand and Australia and offer invoice factoring and finance for $27.3 billion worth of invoices each year.
Trusted to deliver on our promises
As the largest non-bank business lender in the country, our clients know that when they partner with us they are partnering with confidence.
Tailored funding solutions
Every business is different and that’s why our lending specialist consults directly with our clients to ensure we understand their business, their industry and their needs. That way we can deliver flexible and customised financing to fuel their success.
Fast, simple business financing
We leverage the latest technology and cut through the red tape of other traditional lending institutions to ensure a seamless and easy application process. Plus, from the time of approval, our clients can enjoy access to the working capital they need within 24 hours!
Long-term partnership for sustainable success
Our clients partner with us, on average, for over 5 years. This serves as testament to the award-winning services we provide and the way in which we work with our clients to help them achieve their goals. Our clients are partners, not transactions.
Finding the right solution for financing a business
The right type of business finance for your business and your goals depends on your specific needs and objectives.
When you consult with a lending specialist from your local ScotPac New Zealand office, we’ll consider all the relevant factors–such as amount of capital required, repayment terms and interest rates–to determine the perfect financial solution for your business.
To find out more about how easy financing a business can be, get in touch with our team today.
