Finance Tips

FINANCE AS A TOOL FOR YOUR BUSINESS

Business Asset Finance, Equipment Finance or Asset Loans should ideally be aligned to the expected useful life of your business assets and how you intend to use them. Financing can be an effective tool to apportion the acquisition cost of any asset over a term that is relative to the useful life of the asset. This can provide you with manageable monthly payments and help to preserve cash flow.

6 IMPORTANT QUESTIONS TO ASK when considering how to finance the acquisition of business assets or equipment, which all have a bearing on the optimal structure of your finance:

Q1. What is the asset or equipment being used for?
Q2. What is the remaining estimated useful life? Both the real expected life and the useful life (as determined by the IRD for depreciation purposes)?
Q3. What is the current or future cash position of the business relative to current business or future opportunity?
Q4. Do you have equity locked up in your assets, which if released could better support your business or position it for growth?
Q5. What finance options exist, and which is most appropriate for the asset type(s) taking into account your intended use of it and typical lifecycle?
Q6. How can the finance be structured to maximise cash retention in your business?

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FINANCE AS A TOOL FOR YOUR BUSINESS

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