Best of BusinessDesk: NZ's 'most open minded' lender Bizcap puts nine companies into receivership

Bizcap NZ's website describes itself as NZ's "most open-minded" lender. (Image: Bizcap)

Sat, 07 Jan 2023

This story was part of a portfolio which won Riley Kennedy emerging journalist of the year at the NZ Shareholders’ Association Awards.New Zealand’s self-described “most open-minded” lender has pulled the plug on multiple small businesses it lent money , some of which were in their “dying days”. In a three-week period between July 18 and Aug 28, nine companies were put into receivership under loan agreements they held with finance company Bizcap NZ. There were two other receiverships in that p...

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