This is a simple option when you want to utilise the equity in assets you
already own for additional borrowings, or for re-financing of existing loans.
This may enable you to purchase an asset without the requirement of a deposit,
freeing up capital for other uses in the business. It is also used for vehicle
purchases where the vehicles are purchased privately.
Loan terms up to 60 months are negotiable. It is simply a matter of identifying
some existing partly or fully unencumbered assets, and securing them together
with an asset you may be purchasing, using a simple security document. Interest
is fully tax deductible for businesses in most cases.
Email us at talktocrediflex@crediflex.co.nz
or call us on 09 445 0002 to find out more.
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