3 days ago

Finance as a tool for your business...

Speirs Finance

Are your current asset funding methods appropriate for the expected 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… View more
Are your current asset funding methods appropriate for the expected 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 preserve cash flow.
Find out more here www.speirsfinance.co.nz...

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10 days ago

WHY CHOOSE US?

Speirs Finance

It can be difficult to choose the right financier to support your business - here are some of the reasons you should work with us:

1. Don’t have “all your eggs in one basket”
2. Experienced
3. Local professional representation
4. Availability
5. Consistency

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16 days ago

Extending the life of older equipment...

Speirs Finance

How do I fund a significant repair, rebuild or refurbishment of existing equipment, plant and machinery?

Extending the life of existing equipment by rebuilding or refurbishing it can defer major capital expenditure and be a very cost-effective option for your business.

HOWEVER, it may be … View more
How do I fund a significant repair, rebuild or refurbishment of existing equipment, plant and machinery?

Extending the life of existing equipment by rebuilding or refurbishing it can defer major capital expenditure and be a very cost-effective option for your business.

HOWEVER, it may be challenging to fund from cash flow and traditional funders may be reluctant to consider the existing asset as appropriate collateral, impose further security requirements or require repayment over a short period not recognising the life of the asset is being extended.

25 days ago

Keeping the cash in your business...

Speirs Finance

What growth could your business achieve if it had more working capital?

Cash flow is the “life blood” of any business and it is crucial to ensure this remains positive to create a sustainable and profitable business that can retain and attract good staff while meeting the ever-increasing costs… View more
What growth could your business achieve if it had more working capital?

Cash flow is the “life blood” of any business and it is crucial to ensure this remains positive to create a sustainable and profitable business that can retain and attract good staff while meeting the ever-increasing costs of compliance.

If a business has cash tied up in existing assets or is looking at using cash reserves to pay for the acquisition of new assets then the key question that should be asked is what is the “opportunity cost” to the business of not having these funds available for working capital i.e. what additional revenue could be generated if these funds were used to increase production or purchase more inventory?

32 days ago

Building a sustainable business...

Speirs Finance

What have you done about succession in your business?

Succession planning is an important aspect of any business and should be about creating a robust, sustainable quality culture and solid service ethic, which creates value in a business for both current and future owners.

What are the 8 key … View more
What have you done about succession in your business?

Succession planning is an important aspect of any business and should be about creating a robust, sustainable quality culture and solid service ethic, which creates value in a business for both current and future owners.

What are the 8 key points to help build a sustainable business, find out here.

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41 days ago

What are the pitfalls of financing assets through a dealer?

Speirs Finance

Dealers or sellers of capital equipment will often offer you a finance solution when you are looking to buy their gear – while this can provide you with the benefit of dealing with less people it may also mean that you end up with a finance structure that is not optimal for your business and that… View moreDealers or sellers of capital equipment will often offer you a finance solution when you are looking to buy their gear – while this can provide you with the benefit of dealing with less people it may also mean that you end up with a finance structure that is not optimal for your business and that could be detrimental to cash flow.

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46 days ago

Do cheap interest rates equate to smart finance structures?

Speirs Finance

We all understand that buying cheap does not always equate to the best value purchase but when it comes to finance, the interest rate is often the primary focus and this can lead to poor customer outcomes. This is because finance can be complex and other more important factors like structure, terms… View moreWe all understand that buying cheap does not always equate to the best value purchase but when it comes to finance, the interest rate is often the primary focus and this can lead to poor customer outcomes. This is because finance can be complex and other more important factors like structure, terms and conditions can have a much greater impact on cash flow than interest rate.

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48 days ago

Convenience funding might be quick but can come at a cost.

Speirs Finance

We’ve all become time-poor and look for opportunities to get things done quickly and with little fuss. This has led to increased use of online platforms with the matrix is driven (no human involvement) approvals and while this can make sense for low value and simple finance needs it can lead to … View moreWe’ve all become time-poor and look for opportunities to get things done quickly and with little fuss. This has led to increased use of online platforms with the matrix is driven (no human involvement) approvals and while this can make sense for low value and simple finance needs it can lead to significant cash flow problems with larger capital purchases, business purchases, or where there is an accumulation of smaller value asset purchases. Find out more here.

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62 days ago

Drive future success and increased business value by developing capability…

Speirs Finance

Running a business now seems more complex than it has ever been, and this means that a broader and more comprehensive skill base is required by business owners and managers, who will undoubtedly relate to the feeling of wearing many hats in their business.

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