Do your small business clients ever face cash flow shortfalls, where instant access to capital could bridge the gap? With Bizcap’s Business Line of Credit, they can have funds at their  fingertips whenever they need them.

A Solution for Small Businesses

Bizcap’s Business Line of Credit works like an overdraft facility, whereby business owners gain ongoing access to up to $300,000, drawing down on as much as they want, whenever they want, and only paying for what they use. All this without having to apply for a loan each time.

Businesses have used the Line of Credit to cover a wide range of needs, from plugging cash flow gaps to seizing growth opportunities. Retailers have utilised it to make quick stock purchases, builders have used it to pay import duties on building materials, and childcare facilities have dipped into funds to pay salaries between government grants.

“With the ability to draw down funds anytime, business owners only pay for what they use, allowing them to manage their finances more effectively,” says Bizcap’s Chief Revenue Officer, Rebecca del Rio, in an interview with Australian Broker.

Easy Access and Transparency

With Bizcap’s Business Line of Credit, customers can log in to their online portal 24/7, via web or mobile, to access their available funds and make instant drawdowns.

They can also use Bizcap’s repayment calculator to find out how much and how frequent the repayments will be. With the click of a button, the funds can instantly move into their account.

Early repayment discounts are also available, visible in real-time through the portal, giving business owners the opportunity to save on the cost of funds.

Simple Application and Fast Approvals

The application process is quick and easy. Businesses that have been trading for at least nine months and have a minimum monthly revenue of $20,000 can apply.

“We can even make them a conditional offer without running a credit check,” explains Chief Operating Officer Adam Szental. Once approved and accepted by the customer, the facility is available for immediate use.

A Suite of Lending Solutions

Bizcap introduced the Business Line of Credit to complement its lending solutions, which also include Fast Business Loans and Bridging Finance, among others. With Bizcap’s Fast Business Loans, SMEs can get loan their applications approved in as little as 3 hours, with same day funding, and with Bridging Finance, they can leverage exit strategies to access large sums at a discount – saving up to 65% on the cost of funds.

Empowering Brokers

For brokers, Bizcap’s Business Line of Credit is an additional solution they can offer their clients for fast access to flexible funds. “It positions you as a one-stop-shop,” Del Rio says. “You’re already a trusted adviser to them, so offering Bizcap’s Line of Credit product to your SME clients provides them with an additional financial solution.” Brokers also benefit from earning commissions on referrals.

Watch the full interview with Australian Broker, above, to learn more.