The SME lender has positioned its new line of credit product as a solution for businesses seeking an alternative to invoice financing or debtor finance.
SME lender Bizcap has launched a new line of credit (LOC) for small and medium-sized enterprises (SMEs), with repayment rates starting from 1.25 per cent per week for the first four weeks (additional fees may apply).
To qualify for LOC Ultra, businesses must hold an active ABN or ACN, generate at least $75,000 in monthly revenue, and have a minimum credit score of 400.
LOC Ultra will be available in every market where the lender provides funding (including Australia, New Zealand, Singapore, and the UK).
Borrowers can access an upfront cash advance by using outstanding customer invoices as collateral.
In Australia and New Zealand, borrowers can access between $50,000 and $500,000.
LOC Ultra aims to provide SMEs with fast and flexible funds when needed, with finance reportedly approved within 24 hours.
Bizcap said the product is wellsuited to cash flow-heavy clients that draw down and repay the facility frequently.
Rebecca del Rio, Bizcap’s chief revenue officer, said the positioning of the new product was a “truly exciting” moment for the lender.
“It’s a game-changer because it allows us to step into a part of the non-bank lending market that’s traditionally been dominated by debtor and invoice finance,” she said.
“We’re eager to cater to a part of the market that’s long been underserved, and the early feedback from our Australian partners has been fantastic. They’re seeing strong client uptake and far fewer headaches in setting up these facilities.”
Tony Truong, Bizcap’s chief credit officer, said LOC Ultra would enable businesses to manage key expenses, payroll during seasonal lulls, and expansion planning.
“Business owners are often frustrated by rigid credit models that ignore the realities of running an SME,” he said.
“With LOC Ultra, we’ve created a breakthrough solution – our credit decisioning is out of the box, factoring in the qualitative data and context that business owners and their advisers provide. That pragmatic approach is what sets Bizcap apart.”
Adam Szental, Bizcap’s chief operating officer, also commented on the new product and stated: “With its rapid turnaround time and fast repayment period, LOCUltra is designed for businesses that need to move quickly.
“Whether it’s taking advantage of seasonal demand, covering a gap in working capital, or funding a short-term project, our solution ensures SMEs have the capital they need, exactly when they need it.”
SME solutions
The new product launch comes after Bizcap raised its lending cap from $5 million to $7.5 million.
At the time, Bizcap’s co-founder and co-CEO Zalman Blachman said the decision to raise lending limits was driven by strong customer demand 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.”
A growing number of SMEs are turning to brokers to realise growth opportunities and ease cash flow pressures. More than two-thirds (67 per cent) of the SMEs in a recent survey from small business lender Lumi said they were using a broker for working capital between July and August 2025, up from just over half (52 per cent) who said they did in the previous quarter.
[Related: Bizcap raises lending limit to $7.5m]
