New Zealand

SMEs highlight cash flow issues

Survey reveals that payment delays and a lack of access to credit are causing concern for New Zealand businesses.

Banks promise loans for struggling SMEs

In an effort to aid the ailing SME sector, New Zealand banks are promising to extend less restrictive loans to the sector.

Insolvency expert forecasts mass insolvencies

Tough trading conditions for SMEs are expected to worsen and a number will be forced into receivership by the middle of next year

Liquidations soar as business owners face cash flow issues

Too many New Zealand businesses are going bust because they put off asking for help until it is too late, according to the Interface Financial Group, the country's largest alternative funding source for small businesses.

Easy Factors hunt franchisee to recover funds

An Auckland finance and factoring company is struggling to recover $320,000 from a former franchisee .

Factoring and discounting in New Zealand

One year can be a very long time in the New Zealand economy. This time last year we faced a climbing exchange rate, high interest rates and a strong economy: Today the environment is very different

Leading invoice discounter welcomes new franchisee

The Interface Financial Group, New Zealand's largest alternative funding source for small businesses has welcomed its latest franchisee to its network.

Business owners turn to invoice discounting as the credit crunch bites

Increasing numbers of business owners are turning to invoice discounting to help them cope with the negative impact the slowing economy is having on their cash flow management.

Finance company rating agency closes

The demise of many finance companies in the past two years has led to the demise of a company that rates them.

Southern Finance buys remaining Pacific Invoice Finance share

Christchurch-based Southern Finance Ltd (SFL) has bought out the remaining 30% of Pacific Invoice Finance Ltd it did not own from founder Jim Hughes