Get your business finance in order with expert advice for all types of New Zealand businesses
Buying, starting or running a business can be exciting, terrifying and challenging - sometimes all at once. If you are looking to arrange finance for a new business or for expansion, Financial Service Providers NZ Ltd can work with you and discuss your options.
We know just what the banks are looking for (from a former banker) and can workshop your application with all the mainstream banks. Business finance can be more complex than other financing, so you need to be prepared with all the right information. Things the lenders will be looking for include:
- What type of business it is
- Details of the business' trading history - generally the last three years Profit and Loss statements (now called Statement of Financial Performance) and the latest months trading since balance date.
- The asking price - including a breakdown of what will be purchased such as land, buildings, plant and equipment, fixtures and fittings, vehicles and goodwill.
- The amount you are looking to borrow.
- Any cash or equity you have and security you are willing to supply.
- The skills you or your co-owners will bring to the business to contribute to its success
We will offer a range of options for getting the capital you need including the potential of using your home to supply some equity.
If you are looking to invest in a franchise - a popular option as you usually have some support and a brand behind you - talk to us about how to make sure the franchise works for you and how to finance your business in a way that you are comfortable with. David spent several years as the Specialist Franchise Manager and Business Development Manager at ANZ and owned a franchise himself so Financial Service Providers NZ Ltd is well placed to offer advice in this area.
As well as collating all the information you need to obtain the capital you need, Financial Service Providers NZ Ltd can also help your business run smoothly with advice in a range of finance-related areas. These include:
- how any tax might impact on your business and you personally (with consultation with your accountant)
- identifying any risks and what you can do to mitigate such as taking out debtor insurance
- help with creating your business plan and your initial goals
- monitoring your cash flow and seeing how it is tracking compared to your forecasts
- help with business governance and management
While we do not replace your accountant, we can help you with your business planning, goal setting and financial reviewing.
Investing in commercial property can be a good way of adding to your wealth creation strategy but buying commercial property or doing a property development is different to buying a home.
Financial Service Providers NZ Ltd can help you identify the pros and cons of commercial property investing and look to arrange the finance you need to take ownership.
As well as helping with the financial side of your business, David is also a business mentor with many years of experience. For three years he was a Pacific Islands business mentor and was sent to Papa New Guinea several times over those three years. Let Financial Service Providers NZ Ltd work alongside you as a trusted business advisor and we'll assist you to grow and develop your company.
We'll help you identify options for growth where needed and are ready to offer advice when required. Or we can just lend an ear when you need someone to chat through an idea, opportunity or problem.
And, because it's never too early to make a plan, we can offer you retirement planning guidance so you can make sure your business and your overall finances are well set up to help you realise your retirement goals.
To discuss how we can help on your business journey, get in touch today - procrastination is the enemy of success.
- Clear advice on your best options for financing a new or existing business
- Specialist advice on commercial property finance
- On-going support from an experienced business mentor
Financial Service Providers NZ Ltd is based in Christchurch and works with clients throughout New Zealand and internationally