commercial loan

Beyond Cash: Unlocking Opportunities with Asset Finance for Your Business

July 9, 2024

In the business world, you need more than just ambition and passion to succeed – you also need the right tools. The specific equipment you’ll need will depend on the type of company you run, but regardless of what you need, you undoubtedly want high-quality and dependable equipment. Equipment might be expensive, but there’s a way for hopeful business people to acquire the tools they want – asset finance.

One issue that many business people face, particularly those who are just starting out, is the inability to get good equipment for their operations. Often, this is because equipment is expensive, and it isn’t easy to gather enough funds if you’re already using your capital for other important parts of your business. This is where this kind of financial help comes into play because it can allow you to get the essential assets you need to grow your business steadily. 

What Is Asset Finance?

This is a type of lending that allows businesses to purchase, replace or refinance important assets while using the assets themselves as security for the loan. This financing is often used to get high-value, high-quality items like vehicles, machinery and important equipment. Even if your business is still small, it can allow you to get the latest technology for your operations.

Any business person will tell you that high-quality equipment can be rather expensive. While this equipment can greatly benefit your company, your daily operations and your team, spending too much of your company’s money can deprive other parts of your company of the funding they need, leading to issues down the track. This is why asset finance remains to be a popular choice for New Zealand business owners – it allows you to acquire the essential tools you need without disrupting the rest of your company.

How Your NZ Business Can Benefit From This Financing

You can probably already imagine quite a few advantages that come with this kind of financial help, such as:

  • Maintaining Cash Flow. Cash flow is the lifeblood of any business, so it’s extremely vital for savvy business people to properly maintain their cash flow to keep their business running. With asset finance, companies can avoid spending large upfront costs, keeping more cash available for other operational needs.
  • Access To High-Quality Equipment And Assets. This kind of financial lending enables NZ companies to get modern equipment and machinery that might otherwise be out of reach or otherwise difficult to get ahold of. This high-value equipment can help you grow your company faster, improving your operations and attracting more customers while maintaining cash flow.
  • Flexible Options. Many kinds of financing offer flexible repayment terms that can be tailored to match your particular circumstances. Every business is unique, and you should take steps to find financing that specifically meets your needs.
  • Better Financial Planning. Businesses can better forecast and manage their financial obligations by spreading out payments over time. Loan repayments are predictable, allowing you to budget accordingly without unpleasant surprises.
  • Reduced Risk. Asset financing involves using the assets themselves as collateral, strongly reducing the need to put personal or business assets at risk. 

Why You Should Seek Help When Getting Any Kind Of Business Loan

Money is a very important part of the business world. So, when borrowing money from lenders, it’s absolutely paramount that you take the right steps and work with the right lending specialists. Although applying for a loan may seem simple at first, one wrong move can lead to higher costs and potential rejection, so it’s best to maximise your opportunity by working with experts who know what they’re doing.

So, we at Spinach are here to help. We understand the needs of New Zealand businesses, and we’re thrilled to work with our clients to find the specific solutions that work for them. We know your business is one-of-a-kind, and we want to find the asset finance solution that perfectly fits your needs.

How can we help?

  • Personalised Assistance. We don’t just offer you advice that you could find anywhere; we offer you advice that takes into account your business’s specific situation. We will discuss your goals, your current circumstances and any other important factors that could affect your finances.
  • Industry Expertise. Our specialists have decades of experience helping all kinds of business people, and we understand the diverse needs of various industries across Aotearoa. While we will, of course, look at your business as a unique entity, we can also draw from our past experiences to determine what will work for you.
  • Minimising Loan Costs. Our top goal is to help you achieve your goals while maintaining strong financial health. We’ll seek out great loan opportunities to minimise risk and costs while maximising potential. 

Securing The Assets You Need With Spinach

Are you interested in a particular piece of equipment that would really help your NZ business? Speak to us at Spinach, and we’ll discuss potential asset financing solutions to meet your needs.

Getting in touch is easy, just call us on 0800 774 622 or use our contact page.

Grow your business and find success – let us at Spinach help!