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)

Tue, 13 Sep 2022

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 period. Receivers have already given up on four companies that owe Bizcap money, realising they won't get anything back. Bizcap NZ said it&...

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