ScotPac NZ review: Boost Business Loan, Line of Credit and invoice finance

Is ScotPac the right lender for your business?

ScotPac says it's the largest non-bank business lender in New Zealand and Australia, with more than 35 years of experience. Its Boost Business Loan suits a business in any industry with at least 6 months of steady sales that needs up to $300,000 quickly. How much you can borrow depends on your sales, so a business turning over $20,000 a month could borrow up to $25,000. You can't use it to start a business.

What ScotPac lends

• Boost Business Loan

  Amount

  Up to $300,000, and no more than 125% of average monthly sales (150% for loans over $100,000)

  Term

  6 to 24 months

  Who qualifies

  6 months of trading with consistent sales, $10,000 a month in turnover, 6 months of bank statements and an owner aged 18 or over who is an NZ citizen or permanent resident; not for starting a business

  Security

  Depends on the loan size and risk

  Speed

  A credit decision in as little as 24 hours, funds within a day of approval

  Cost

  A flat facility fee and drawdown fee built into weekly repayments; no application or account fees

• Line of Credit

  Amount

  $50,000 to $300,000, up to 200% of average monthly sales

  Term

  Redraw for 2 years, then repay over 2 more

  Who qualifies

  12 months of trading with consistent sales, $50,000 a month in turnover, 6 months of bank statements and an owner aged 18 or over who is an NZ citizen or permanent resident

  Security

  Not published

  Speed

  A credit decision in as little as 24 hours, sometimes the same day

  Cost

  Interest on what you draw (rate not published), a 3% establishment fee and an $85 monthly admin fee

• Invoice Finance

  Amount

  Facilities up to $150 million; up to 80% of each eligible invoice

  Term

  Ongoing

  Who qualifies

  6 months of operating, at least $10,000 of invoices a month to creditworthy NZ businesses on credit terms; invoices issued in stages, in advance or to consumers may not count

  Security

  Your unpaid invoices; no property needed

  Speed

  Often within 24 hours once the facility is set up

  Cost

  Fees taken when your customer pays (not published)

Who qualifies for a Boost Business Loan

Owners need to be 18 or over and NZ citizens or permanent residents. Your business needs at least 6 months of trading with consistent sales of at least $10,000 a month. You'll need 6 months of business bank statements, a completed application and photo ID.

How much you can borrow

For loans up to $100,000, ScotPac lends up to 125% of your average monthly sales. For loans from $100,000 to $300,000, the limit is 150%. With sales of $80,000 a month you could borrow up to $100,000, and with $200,000 a month, up to $300,000.

What the Boost Business Loan costs

ScotPac doesn't charge application or account fees. Instead, your weekly repayments include a flat facility fee and a drawdown fee. The amounts aren't published, so ask for the total repayment before you agree to anything.

Line of Credit

If you want to draw money as you need it, ScotPac's Line of Credit lets you borrow $50,000 to $300,000, up to 200% of your average monthly sales. Your business must have traded for 12 months and make at least $50,000 in sales each month. You only pay interest on what you use, plus a 3% establishment fee and an $85 monthly admin fee. You can keep redrawing for two years, then repay the balance over the following two years.

Invoice finance

With ScotPac's invoice finance, you can get up to 80% of an eligible invoice, often within 24 hours once the facility is set up. When your customer pays, ScotPac gives you the rest, minus its fees. Your business needs to have traded for 6 months and invoice at least $10,000 a month to creditworthy New Zealand businesses. Invoices sent in stages, in advance or to consumers might not qualify. Your invoices act as security, so you don't need to offer property.

How ScotPac compares

Prospa has a lower turnover minimum of $6,000 a month and lends up to $150,000 without security. Bizcap takes businesses with 4 months of trading. For smaller amounts of invoice finance with a published fee, see FundTap.

These details come from ScotPac's New Zealand website, checked on 6 November 2026.

Common questions