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SME lender Bizcap has increased its lending limit by 50 per cent for Australian SMEs.
Non-bank lender Bizcap has raised its lending limit for small- to medium-sized businesses in Australia and New Zealand.
In Australia, Bizcap lifted the lending cap to $7.5 million from $5 million in a move it said would allow the company to support larger, more established businesses.
The expanded lending capacity in Australia comes on the back of a deal, valued at more than $6.4 million, which was finalised within a few days and involved a six-week bridging loan to support a hotel settlement.
Bizcap said the deal illustrated strong market demand and the lender’s ability to provide substantial funding to small and medium-sized enterprises (SMEs) quickly.
For its business in New Zealand, Bizcap doubled its maximum loan size from NZ$2 million to NZ$4 million.
The change is in response to stronger demand for both direct-to-customer and adviser-referred deals of a considerable size, Bizcap said.
Bizcap’s co-founder and co-CEO Zalman Blachman said the decision to raise lending limits was driven by strong demand from customers and referral partners for larger, more flexible funding options.
“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,” Blachman said.
“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.”
Bizcap co-founder Abraham White said boosting the funding limit would give more businesses reliable, ongoing access to the capital they need.
“This is exactly why we started Bizcap: to back businesses with bespoke, outside-the-box lending requirements when traditional providers won’t,” White said.
Melbourne-headquartered Bizcap has been on an expansion push over the last year, launching in Singapore in November and expanding into continental Europe in July.
To hear more from Bizcap, attend the SME Bootcamp 2025. The events will be held in the following locations:
- 16 September at Mantra on View, Surfers Paradise on the Gold Coast
- 18 September at Le Montage, Lilyfield in Sydney
[Related: Bizcap expands into continental Europe]
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