BUSINESS & COMMERCIAL FINANCE

As your local adviser for Takapuna and the North Shore, I am here to help!

I have been working to help North Shore Businesses find the right lending options for over 20 years. As such, I have many partnerships with various banks and non-bank lenders. Working with me for your business lending, ensures that you get the leading finance options and competitive rates for asset and equipment finance, as well as commercial mortgages.

I work with companies to secure both business and commercial lending. How are they different? A business loan is a traditional loan, where money is borrowed to pay for a project, such as starting up, expanding, purchasing commercial property, etc. Commercial lending in contrast is a finance stream available to help companies with short term expenditures.

I take the time to understand your business strategy and growth needs when helping you decide on financing options. Get in contact today to sort out business or commercial lending for your business.

For those looking for a bit more information, here is a brief description of the different lending options available to business.

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to discuss lending options for the self-employed

Secured Loans

A secured loan often has the lowest interest rates from a lender. You, the borrower pledges an asset to cover the cost of the loan. If the debt is not repaid, the lender may claim the secured asset.

Mezzanine Finance

Mezzanine Finance effectively secures a company’s debt on its equity, allowing the lender to claim part ownership of the business if the loan is not paid in full and on time. This allows business to borrow without putting up other collateral, but does risk diluting the principal’s shares in the event of a default.

Unsecured Loans

Unsecured Loans do not have collateral, although often the lender will have a general claim on the borrower’s assets if repayment is not made. Due to this, unsecured loans typically come with a higher interest rate.

Invoice Finance

In recent years, it has become increasingly difficult for SMEs to obtain traditional finance from banks. Alternative options are invoice discounting or factoring, whereby the company borrows against its outstanding invoices with the ability to obtain funds as soon as new invoices are created. Invoice financing means a finance company takes over the invoice, charges fees, and chases the debt. Businesses maintain control of their own ledger and debt collection when using invoice discounting.

For help sorting and securing your business financing, contact me today.