SME business finance in Australia: embracing the new landscape

by Bizcap Marketing24 May 2023

This article was produced in partnership with Bizcap

In today's dynamic business landscape, small-to-medium enterprises (SMEs) play a crucial role in driving economic growth. Much of these businesses would have previously faced challenges securing adequate business finance.

Fortunately, the advent of innovative fintech solutions and the rise of non-bank lenders has revolutionized the small business lending space, making it easier than ever for SMEs to access capital. Recent findings have also revealed that Australian SMEs are highly upbeat about 2023, with confident revenue and growth expectation - and this is where brokers can thrive.

The SME lending space

Small businesses make up more than 98% of all Australian businesses and play a crucial role in communities by contributing $700 bn to GDP.

The 2023 Budget features numerous strategies for “investing in long-term national success” and “setting our country up for a better future” - SMEs will be supported in numerous ways to help make this happen. There is a concerted effort by the Government to support the ambitious growth targets of SMEs, and SME owners themselves are planning on seeking additional finance from specialist financers while moving away from traditional lenders.

As a broker or finance professional, there has never been a better time to help small businesses - Bizcap specialises in helping both SMEs and brokers alike.

Streamlined access to business funding

Bizcap is on a mission to revolutionise the SME lending space and has been doing so since the company’s inception back in 2019, helping over 15,000 small business owners access the capital needed to grow their operations.

Traditionally, securing funding for SMEs has been a complex and time-consuming process. However, Bizcap simplifies this journey by providing partners with a streamlined platform that connects them to a range of funding options for their SME clients. By partnering with Bizcap, brokers can offer their SME clients access to hassle-free business loans and earn industry-leading commission while doing so.

Tailored solutions for SMEs

Bizcap understands that SMEs have distinct financial requirements that differ from larger corporations. They offer flexible funding solutions designed specifically for the SME segment, allowing brokers to cater to the specific needs of their clients. Whether it's funding for growth initiatives, working capital, or bridging cash flow gaps, Bizcap provides tailored financial products that align with the challenges faced by SMEs.

By utilising Bizcap, brokers can position themselves as trusted advisors who understand the intricacies of SME financing and offer customized solutions to their clients.

Simplified application process

Time is of the essence for SMEs, and lengthy application processes can hinder their growth plans. Bizcap addresses this issue by streamlining the funding application process. Their user-friendly Partner-Portal allows brokers to submit applications efficiently, saving valuable time and effort. Brokers can easily upload required documents, track the progress of applications, and receive prompt responses from lenders. This simplified application process not only enhances efficiency but also improves the overall client experience, making brokers invaluable partners for SMEs seeking funding.

Support and expertise

Brokers partnering with Bizcap gain more than just access to funding options. Bizcap's team of experienced professionals (along with a dedicated partnership team) offers proactive support and expertise, enabling Brokers to navigate the complexities of SME financing with confidence. Brokers can leverage Bizcap's knowledge base, tools, and resources to expand their understanding of funding products and start helping the hundreds and thousands of SMEs who need business finance.

In an ever-evolving financial landscape, brokers must stay ahead of the curve to effectively support their SME clients. Partnering with Bizcap presents an incredible opportunity for Brokers to harness the power of fast funding and open doors to funding options previously inaccessible to SMEs.

The Bizcap partnership offering is like no other, and if you haven't already, it's time to partner with Bizcap. With hassle-free solutions for clients and industry-leading commission for you, Bizcap makes business loans easy.

Call 1300 922 223 to get accredited with Bizcap or click here.

Bizcap is a leading business lender operating in Australia and New Zealand. Launched in 2019, the business has dedicated itself to helping SMEs secure the funding needed to grow their operations, having helped over 15,000 business to-date. With loan options from $5k - $4m (funded in as little as 3 hours), and a dedicated support team, we work with our broker partners  and clients to make the whole process easy.