A trans-Tasman SME finance specialist with around 35 years of operating history and a New Zealand presence. Where ScotPac fits, indicative pricing on invoice and trade finance, application process, two anonymised scenarios, and shortlist position.
Indicative repayment
Weekly
$4,144/week
Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on the business profile and the lender's decision.
Sending to Prospa
1 year at 14.00%. Prospa will ask a few quick questions, then provide a firm quote and funding if eligible.
Redirecting…
Indicative only. Why we say this
Quick answer
Lender overview
ScotPac Business Finance is a trans-Tasman SME finance specialist that has been operating for around 35 years across Australia and New Zealand. The business has its origins in invoice and debtor finance and has expanded to cover trade finance, term business loans, asset finance, and bridging facilities for SMEs that find banks too slow or too narrow on credit.
The flagship product is invoice finance (also called debtor finance or receivables funding). ScotPac advances funds against the value of an approved AR ledger so the borrower business does not wait 30, 60, or 90 days for customer payments. Per published terms, ScotPac advances up to 95% of approved invoice value within 24 hours of submission, with the remainder paid out (less fees) when the customer settles.
ScotPac is registered on the New Zealand Financial Service Providers Register under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. The lender is bound by the AML/CFT Act 2009 obligations for customer due diligence, and invoice and asset security typically registers on the Personal Property Securities Register (PPSR). Per published case studies on the ScotPac NZ site, common use cases include unconsolidated debt, paying off creditors, and clearing IRD arrears.
Operating since
~35 years
Invoice advance
Up to 95%
Funding speed
Within 24 hours
Type
Trans-Tasman finance co.
Product range
The flagship is invoice finance against the AR ledger. Trade finance, term business loans, and asset and bridging facilities sit alongside.
ScotPac advances cash against the value of approved invoices on the AR ledger. Per published terms, advance is up to 95% of invoice value within 24 hours of submission, with the remainder (less fees) paid out when the customer settles. Suits B2B businesses with 30 to 90-day payment terms and a creditworthy customer book.
Funding for businesses importing goods or paying overseas suppliers ahead of customer settlement. ScotPac sits between the supplier and the borrower business, settling the supplier invoice and giving the borrower a short-term facility to repay once stock sells through. Common in NZ wholesale, retail-import, and manufacturing.
Term loans for working capital, expansion, equipment, and creditor or IRD-arrears payoff. Per published ScotPac case studies, NZ borrowers commonly use these to consolidate trading creditors or settle IRD arrears that fall outside major-bank credit appetite.
Asset-backed lending and short-cycle bridging facilities for NZ SMEs. Asset finance covers commonly-funded equipment classes; bridging suits property settlement gaps and short-term funding mismatches. PPSR registration applies to most asset-secured lending.
Indicative pricing
ScotPac quotes individually rather than publishing a single advertised rate; pricing reflects the AR ledger profile, customer credit, industry, and trading history. Bands below are observed indicative ranges in the NZ market, not guaranteed pricing.
| Product | Indicative cost band | Common term | Security |
|---|---|---|---|
| Invoice finance | 0.5% to 3% per invoice cycle | Revolving (cycle-based) | AR ledger |
| Trade finance | 8% to 16% p.a. equivalent | Stock-cycle aligned | Stock and PG |
| Business loans | 12% to 22% p.a. | 6 to 36 months typical | PG, asset, or property |
| Asset finance | 10% to 16% p.a. | 1 to 5 years | Asset (PPSR registered) |
| Bridging finance | 14% to 24% p.a. equivalent | 1 to 6 months typical | Property or asset |
Indicative bands only. Actual cost is set by ScotPac after credit assessment of the borrower and the AR ledger. Bands drawn from observed NZ market positioning, May 2026.
How it works
ScotPac's invoice-finance application path is structured around the AR ledger rather than the borrower business in isolation. Term loan applications follow a more conventional credit-led process.
01
Day 1, ~30 mins
An initial enquiry is commonly handled through ScotPac's NZ team, with the borrower business sharing an AR ledger snapshot, an aged debtors report, and basic trading information. The first review focuses on customer concentration, payment-history pattern, and the credit profile of the customers on the ledger.
Documents commonly required
02
Day 1 to 3
ScotPac runs the AML/CFT Act 2009 customer due diligence on the borrower entity and any directors providing personal guarantees. PPSR searches commonly run at this stage to identify any prior security interests over the AR ledger or relevant assets.
Documents commonly required
03
Day 3 to 7
On a positive review, ScotPac issues an indicative facility offer covering advance percentage (up to 95% per published terms), discount or service fee structure, customer concentration limits, and any PG or other security required. The structuring conversation commonly runs through any IRD arrears, creditor payoff, or existing facility refinance the borrower wants the new facility to absorb.
04
Day 5 to 14
On acceptance, ScotPac completes facility documentation, registers the security interest on the Personal Property Securities Register, and verifies the first batch of submitted invoices. Per published terms, the first draw is funded within 24 hours of approved invoice submission.
Borrowers commonly refinance to ScotPac to clear IRD arrears, consolidate trading creditors, or replace a more expensive short-term facility. Per published NZ case studies, the AR-ledger structure can sometimes accommodate borrower profiles that fall outside major-bank credit appetite, though approval is always subject to the lender's assessment.
Worked scenarios
Anonymised scenarios illustrating where ScotPac tends to be the right shortlist pick across two different SME profiles. Indicative figures only.
Labour hire and recruitment
A South Auckland labour-hire business, 6 years trading, weekly payroll obligation around $90K, customer payment terms 45 to 60 days. The business has a clean AR ledger of around $300K with three blue-chip construction customers making up 70%.
ScotPac invoice finance facility against the $300K ledger. Indicative advance up to 95% of approved invoice value, funded within 24 hours of submission per published terms. Service fee structured per cycle. Suits the labour-hire profile because the cash-flow pressure is the gap between weekly payroll and customer payment.
Indicative figures
Wholesale and import
A Tauranga-based homewares wholesaler importing from Asia, 9 years trading, retail customer base across NZ. Needs $180K to clear an inbound stock order ahead of a six-week sell-through, with retail customers on 30-day terms.
ScotPac trade finance facility settling the supplier invoice on shipment. The facility revolves as stock sells through and retail invoices are issued; the AR-ledger side of the relationship can roll into invoice finance where the borrower wants both legs of the cycle covered.
Indicative figures
Compared to alternatives
ScotPac sits between major-bank invoice-finance offerings and pure SME-online lenders. The matrix below shows the practical trade-offs across product depth, speed, and credit appetite.
| Feature | ScotPac | Major banks (ANZ/ASB/BNZ/Westpac) | Online SME lenders (Prospa/Spinach) |
|---|---|---|---|
| Invoice finance product depth | Flagship product | Available, less specialised | Not typically offered |
| Trade and import finance | Standard product | Standard product | Not typically offered |
| Indicative cost (term loan) | 12% to 22% p.a. | 8% to 14% p.a. | 14% to 28% p.a. |
| Decision driver | AR ledger and customer credit | Borrower credit and trading history | Borrower bank-statement data |
| Funding speed (invoice cycle) | Within 24 hours per published terms | Variable | Not typically offered |
| IRD-arrears appetite | Documented in case studies | Narrow | Variable |
| Established trading required | 12+ months typical | 2+ years typical | 6+ months |
Where it fits
Industry appetite
ScotPac's risk appetite varies by industry. The categories below reflect observable patterns from the lender's published case studies and product positioning, not formal underwriting criteria.
A flagship segment for invoice finance because the weekly-payroll-vs-customer-settlement gap is structural. Common AR-ledger profiles fit ScotPac well.
B2B freight, courier, and trucking with on-account customers. Invoice finance against the receivables ledger is widely used in this segment.
Trade finance for import and supplier funding. Invoice finance also fits the on-account retail-customer side of the cycle.
Combined trade and invoice finance for businesses paying suppliers on shipment and selling on 30 to 90-day customer terms.
Subcontractor and labour-supplier businesses with on-account head-contractor customers. Documented case-study activity in this segment.
B2B consulting and project-services firms with milestone or 30-day invoicing patterns. Suitability depends on customer concentration.
Editorial-only disclosure
Businessloans.org.nz is not affiliated with ScotPac Business Finance, has no commercial relationship with ScotPac as at the last reviewed date, and earns no referral revenue from links to ScotPac's website. The lender shortlist for our calculator referral path is Prospa (disclosed at /partner/). All other lender pages including this one are independent editorial coverage. Indicative content only. Final pricing, fees, and approval decisions are made by ScotPac after assessment.
References
Primary product range, invoice finance flagship, and published advance terms reference.
NZ FSPR registration verification under the FSPA 2008.
Customer due diligence obligations for NZ-registered finance providers.
Security registration framework for invoice finance and asset lending.
Public corporate registry record reference.
Background on IRD arrears resolution context referenced in published case studies.
FAQ
ScotPac's NZ product range covers invoice finance (the flagship debtor-finance product), trade finance for import and supplier funding, business term loans, asset finance, and bridging facilities. Most are accessible to NZ SMEs with at least 12 months of trading and a clean AR ledger or workable security position.
ScotPac advances cash against the value of approved invoices on the AR ledger so the business does not wait 30, 60, or 90 days for customer payments. Per published terms, ScotPac advances up to 95% of approved invoice value within 24 hours of submission. The remaining balance (less fees) is paid out when the customer settles the invoice. Eligibility hinges on the creditworthiness of the customers on the ledger.
Invoice finance is priced as a service or discount fee per cycle rather than an annual rate. Indicative bands sit around 0.5% to 3% per invoice cycle in the NZ market, depending on AR ledger profile, customer concentration, and industry. Actual pricing is set by ScotPac after assessment. Annualised, the equivalent cost commonly lands in a similar range to specialist working-capital lending, subject to the cycle frequency.
ScotPac is registered on the New Zealand Financial Service Providers Register under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. The lender is bound by the AML/CFT Act 2009 obligations for customer due diligence and is required to be a member of an approved disputes resolution scheme as part of its FSPR registration.
ScotPac has around 35 years of operating history across Australia and New Zealand, making it one of the longer-tenured trans-Tasman SME finance specialists. The business originated in invoice and debtor finance and expanded into trade finance, business loans, asset finance, and bridging across that history.
Standard invoice-finance application documents are an aged debtors report, AR ledger snapshot, NZBN registration, director ID and proof of address, and recent business bank statements. ScotPac runs AML/CFT customer due diligence at this stage. Trust deed or constitution may be requested where the borrower entity is a trust or has a non-standard structure.
Per published ScotPac NZ case studies, the lender does fund unconsolidated debt including IRD arrears and trading-creditor payoff as part of structured term loan or invoice-finance facilities. The AR-ledger structure can sometimes accommodate borrower profiles that fall outside major-bank credit appetite, though approval is always subject to the lender's assessment of the AR ledger and the wider business position.
ScotPac sits between the four major banks (typically lower rates, slower process, narrower credit appetite on harder profiles) and online SME lenders like Prospa or Spinach (faster process, smaller amounts, no invoice-finance product). For a NZ SME with a creditworthy AR ledger but a borrower profile that doesn't quite clear major-bank thresholds, ScotPac is widely considered competitive on invoice and trade finance.
Invoice-finance service fees and discount charges are generally treated as financial services for GST purposes in NZ, with the GST treatment dependent on the specific structure of the facility and whether the lender is making a taxable supply. Tax treatment is general in nature and subject to the accountant's confirmation on the specific business position.
On default, ScotPac's first remedy varies by product. On invoice finance, the lender can collect directly from the AR-ledger customers under the registered security interest. On asset and bridging finance the lender can recover the registered asset under the PPSR security. On unsecured term loans the lender pursues the personal guarantee against directors. Working with ScotPac early on a temporary cash-flow setback is widely the cleaner outcome for both sides.
The invoice-finance flagship is structurally B2B-only because the product funds against an AR ledger of customer invoices. Pure-consumer or B2C-only businesses without an AR ledger do not fit invoice finance. ScotPac's term loan, asset finance, and bridging products do extend to a broader range of NZ SMEs, including some B2C operators with appropriate security or guarantor arrangements.
A director's personal guarantee is the standard arrangement on most ScotPac NZ facilities, including invoice finance, trade finance, and term lending. The PG sits alongside the primary security (AR ledger, stock, asset, or property) and gives ScotPac recourse against the directors if the business position deteriorates. Specific PG arrangements depend on the borrower entity and facility structure.
Related
Invoice finance
The core ScotPac product family. Indicative pricing, structures, and how AR-ledger funding works in the NZ market.
Read onWorking capital loans
The broader category ScotPac trade and invoice finance commonly sits inside.
Read onHeartland Bank
A registered NZ bank often compared on asset finance and term lending alongside ScotPac.
Read onCash flow gap funding
Where ScotPac invoice finance commonly fits on a NZ SME shortlist.
Read onNZ business loan rates 2026
How ScotPac's indicative bands compare across the NZ market.
Read onDisclaimer
A business loan is a commitment that runs for months or years, and repayments come out of the same operating cash flow as everything else. Before committing, it is worth modelling the weekly and monthly cost against the business's working-capital position, which is what this site is built to help with. Borrowing at a level that stays comfortable through a quiet quarter, not just a strong one, is widely regarded as the safer frame.
What this site is
A calculator and information tool. Not a lender, not a broker, not a registered financial adviser. Nothing here is personalised financial advice.
What the figures show
Modelled estimates based on the inputs you enter. Not a quote. Not an offer of credit. Not a guarantee of approval, rate, or fees.
What the lender decides
Final rates, fees, and approval are set by the lender after a CCCFA-appropriate assessment of the applicant's circumstances and credit decision.
Commercial disclosure
Businessloans.org.nz earns a commission from Prospa when a visitor applies through this site and their application is approved. The commission is paid by Prospa, not by the borrower, and it does not influence the rate Prospa offers. Full disclosure on the partner page.
Tax, GST, and accountant framing
Tax-treatment statements (GST claim timing, interest deductibility, depreciation rates) are general in nature and subject to your accountant's confirmation on the specific business position. For material amounts, professional advice from a registered financial adviser or chartered accountant is widely regarded as the safer frame.
