Business Finance

To ensure effective financial management and cash flow management for your business, make sure you set clear financial goals and strategies; create and maintain a comprehensive budget across all of your operational and capital expenses; and utilise modern technology and software for accurate accounting, forecasting and cash flow management enabling you to make informed decisions and streamline operations. 

If you are looking for a customised finance facility or Business Loan to help your business succeed, make sure to reach out to the ScotPac team in New Zealand today. 

There are a number of ways in which you can improve your business cash flow: 

• Use cash flow forecasting with the right financial tools to predict cash inflows and outflows, you can better manage and prepare for cash flow gaps, shortfalls or surpluses. 

• Optimise your accounts payable and receivable by implementing efficient invoicing processes, offering discounts for early payments to encourage timely customer payments. Negotiate favourable terms with suppliers to extend payment periods. 

• Inventory management ensures effective monitoring of inventory levels to avoid waste, meet remand and reduce cash tied up in stock. 

• A customised finance solution from ScotPac ensures you can meet all your operational needs, fund growth and realise your business goals. 

Access to working capital is necessary for businesses at all stages of their growth journey. Whether you are a start-up needing funding to gain traction or are an established enterprise looking to weather fluctuations in the market, the right business finance solution can ensure sustainable business growth.  

A tailored finance solution will provide you with the cash injection you need to smooth over cash flow gaps, fuel expansion, and meet ongoing operational expenditure needs. 

If your business is experiencing cash flow management issues or would like a business loan to invest in expansion and growth, make sure to reach out to our team today. Our lending specialist will provide you with a custom consultation to understand your needs and best tailor a potential business finance solution for you. 

The application process is entirely online, quick, simple and requires minimal documentation to make accessing the funds you need when you need it as easy as possible. 

There is a wide range of business finance solutions that fall into two main categories: 

1. Equity finance; and 

1. Debt finance. 

Equity finance refers to the exchange of shares or part-ownership of your business in exchange for working capital, i.e., an investment in your company or the raising of funds.  

Debt finance refers to a business borrowing funding and repaying that money, plus interest, at a later date. 

At ScotPac, we help small and medium sized businesses across New Zealand access debt business finance solutions. ScotPac also offers unsecured loans as part of their business finance solutions. 

Small businesses can explore a variety of business finance options including small, short-term loans known as microloans, crowdfunding through online platforms, or applying for government grants and other non-repayable funding solutions, such as for example NZGCP and MBIE. 

ScotPac has been providing tailored finance solutions for small businesses for over 35 years and our lending specialists can help you reach your business goals. 

The New Zealand government offers various grants, such as: 

• NZGCP: This grant focuses on early-stage companies in software, agritech, and deep technology. 

• MBIE: This funding is aimed at business development and innovation through the provision of workshops and funding. 

• Callaghan Innovation: These programs offer incubator opportunities for start-ups. 

For more information, check out our comprehensive article on the topic here.  

Equity finance can include any form of funding that comes with the exchange of shares in and/or ownership of a company. Whilst the different types of equity finance can vary in their levels of difficulty in accessibility, it can be more challenging for small and medium sized businesses to get equity finance. Additionally, equity finance is more complicated to obtain and manage than debt finance. 

Common types of equity finance include: 

• Self-funding through personal savings 

• Venture capital 

• Angel investors 

• Crowdfunding sources 

• Investments from family and/or friends 

ScotPac offers several different debt finance solutions within the broader category of debt finance. A profit and loss statement are crucial in understanding a business’s financial health and is often required when securing debt finance. 

These include: 

• Invoice Finance 

• Trade Finance 

• Business Loans 

Invoice Finance leverages the value of outstanding invoices owed to your business by your customers and provides a cash advance of up to 85% of that value, with the balance provided upon the accounts being settled.  

Trade Finance provides an injection of working capital to help manage cash flow and fund the import or export of goods to customers or from suppliers.  

Both Invoice Finance and Trade Finance offer numerous cash flow benefits for small and medium sized businesses. 

With Invoice Finance, you can access otherwise locked up cash flow in advance without waiting for customers to settle their invoices. 

Trade Finance facilitates international trade by providing financing options to mitigate risk associated with trade and international transactions. 

To select the right funding option, consider your businesses needs and what you will be using the business finance facility for, e.g., growth and expansion or meeting ongoing operational costs. You will also need to consider your business’ financial health and creditworthiness, as well as your financial goals. 

Our lending specialists are here to help you identify and access the best business funding option for your particular needs. 

Much like traditional bank loans, ScotPac’s business loans provide funding in the form of a lump sum to fund operational costs, invest in growth and improve cash flow. 

Yes, ScotPac specialises in assisting small businesses and start-ups in accessing business finance solutions. Many small business owners may not realise just how easy it can be to access and apply for finance solutions. Traditional lenders, such as banks, often require lengthy and complicated application processes. 

With ScotPac New Zealand, and our online application process and fast approval turnaround, businesses of all sizes and across all industries can access the finance they need to grow. 

At ScotPac, we offer a range of business finance services that do not require any form of security, including personal property, to be put up as collateral. 

For example, Invoice Finance leverages the value of invoices owed to you as security. Our business loans of $10,000 to $200,000 can be provided unsecured, meaning your personal assets won’t be at risk. 

ScotPac New Zealand has made the application process as simple and streamlined as possible. To ensure a smooth experience, make sure you have the following documents ready: 

• Business bank statements for the last six months 

• Photo ID for all directors and borrowers of the business 

• A completed application form which can be found here 

We believe that every business, even those without good credit, deserve the change to grow and succeed. By focusing on saying ‘yes’ and with eyes on future growth, we help businesses overcome personal credit history limitations and find the right business finance solution that works for them. 

Low credit scores can impact a business’s ability to secure funding from banks and traditional lenders. Even new start-ups and small businesses with no credit history can struggle to meet the eligibility criteria and risk profiles required by traditional financial institutions. At ScotPac, we look more holistically at your business to determine what sort of solution is right for you. 

If you’ve been rejected for a traditional business loan before or are concerned about your bad credit, speak to one of our friendly lending specialists about your finance options. 

To check your business credit score we recommend contacting a credit reporting agency or through the New Zealand government website here. Maintaining a good credit score involves timely loan repayments, maintaining low debt levels, and accurate financial reporting.