The biggest obstacle to business success is not poor product development or lack of management control. In simple terms, it is a shortage of cash and the inability to maximise cash flow. Whether it is due to rapid growth, seasonality or lack of time to chase debtors or a long business cycle, the end results are the same pressure, under performance and the inability to grow.
Our working capital products:
- Provide for shorter or longer term requirements
- Separate business borrowing from personal borrowing
- Can add to or replace existing funding facilities
- Enable borrowings in NZ$ or in a foreign currency to match cash flow requirements and increase working capital
This option is ideal for companies who require immediate access to cash to improve cash flow and do not want to use personal property as security.
Working capital limit - fluctuating funding requirement
This is generally advanced as stock funding against a company's stock and debtors' security, and is available on an interest only basis with the option to capitalise interest if required.
Benefits
- Separates business borrowing from personal borrowing. You can protect your home and other personal assets whilst still accommodating your business requirements
- Immediate access
- Irrespective of how it is to be used we can give immediate access to cash by adding to or replacing existing cash flow funding facilities
- We have a pricing package tailored to your requirements, with emphasis on paying for what you use; not for what you can use. We do not charge a line fee, a commitment fee or an undrawn fee
Fees
We believe that a company should only pay for what they use, therefore we do not charge a line fee, a commitment fee or an undrawn fee.
- The fees applicable include an application fee, interest rate, and commission charge
- For more information on costs please contact a member of our business development team on 0800 ASK LOCK (0800 275 562) or via our contact form
Our normal lending criteria apply.