Question 1

What are the benefits of working with fundr?

Accepted Answer

fundr and its advisers are accredited Commercial Financial Advisers. When you work with fundr, you'll have a single point of contact for all your business finance needs. We collaborate with one or more lenders on your behalf, handling all the legwork so you can stay focused on your business. Leveraging our commercial expertise, knowledge, and industry relationships, we help you achieve your funding goals.

Question 2

How do I get the best outcome for my business?

Accepted Answer

fundr partners with top-tier lenders and brings over 15 years of commercial banking and finance experience to the table. We apply our expertise to assess your financial needs and secure solutions from one or more of our lending partners. Instead of offering a "one-size-fits-all" approach, we customise financing options to align with your specific business objectives.

Question 3

How much does your service cost?

Accepted Answer

Our services are generally free, as we are compensated by our lending partners, not directly by you. If any fee is to be charged, it will be clearly discussed and agreed upon with you in advance, either at or before the time we present a solution.

Question 4

Does everyone get the same interest rate?

Accepted Answer

No, interest rates can vary based on several factors, including the type of asset, loan amount, term, your business’s credit profile, personal credit history, and the industry your business operates in.

Question 5

What documents are typically required for a finance application?

Accepted Answer

fundr and its advisers will collaborate with you to understand your specific funding needs. Each request is unique, and the required information will vary depending on your business and personal circumstances. Below is a list of commonly requested documents:

●      fundr application form 
●      Financial accounts (historical and current) 
●      Cashflow projections 
●      Bank statements
●      Proof personal income

To comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML), it is likely we will ask you for one or more sources of primary photo-identification (some funding providers may ask for extra documentation). This can be:

●      NZ passport
●      Overseas passport
●      NZ Certificate of Identity
●      NZ Driver’s Licence
●      NZ Firearms Licence
●      Proof of personal address

Question 6

How do I apply?

Accepted Answer

There are several ways to apply:
1. Fill out a short application on our website, and we’ll get in touch with you.
2. Call us at 021 102 3416, and we’ll start the process together.
After you've completed the online application or spoken with one of our business finance advisers, we’ll discuss your funding needs and request any additional information required to assess your situation and submit your application on your behalf.

Question 7

Can I get a pre-approval?

Accepted Answer

Yes, we can collaborate with our lenders to secure an approval, giving you the negotiating power and confidence of a cash buyer.

Question 8

How long does it take to get my application approved?

Accepted Answer

The timeline for securing asset finance can vary based on the complexity of the arrangement and the borrower's specific needs. However, we work closely with our clients to ensure their financing is arranged promptly and efficiently. The key steps in the asset finance process generally include sourcing the loan, structuring the deal, negotiating terms, and finalising the loan.

Question 9

Would I deal directly with the lender if my application is approved?

Accepted Answer

Typically, no. Your financial adviser will serve as your primary point of contact with the lender. They will handle all communication with the lender on your behalf, from approval through to documentation and settlement, and will continue to manage the lender relationship for you moving forward.

Question 10

Are the approval conditionals negotiable?

Accepted Answer

Yes, we will work with you and the lender to find a satisfactory outcome.

Question 11

How do the finance repayments work?

Accepted Answer

Repayments will vary based on the lender and the type of financing selected. Generally, repayment terms are fixed, with monthly payments made either in advance or arrears, along with applicable interest rates.

Question 12

Are there any fees associated with applying for asset finance or early repayment penalties?

Accepted Answer

There may be fees associated with applying for asset finance, such as valuation fees or application fees, and early repayment penalties could apply if you choose to pay off the loan before the agreed-upon term ends. However, the specific fees and penalties will vary depending on the lender and the asset being financed..

Question 13

What are the eligibility requirements for financing?

Accepted Answer

The eligibility requirements for asset financing will vary depending on the lender and the type of financing you choose. Generally, lenders will look at your credit score, revenue, and financial history to determine your eligibility. Some lenders may also require collateral or a personal guarantee.

Question 14

Can you explain the asset finance process and what services you offer to help me finance my assets?

Accepted Answer

Asset finance entails securing funding for assets like equipment, vehicles, or machinery to facilitate growth or meet other financial objectives. As financial advisers, fundr provides a variety of services to help you obtain the necessary financing for your assets, including loan sourcing, structuring, and negotiation.

Question 15

What is the range of assets that your company is able to offer financing for?

Accepted Answer

fundr can assist you to secure financing for a wide range of assets, including but not limited to vehicles, agricultural equipment, machinery, trucks & trailers and yellow goods.

Question 16

Can you provide a comprehensive overview of the asset finance options available and explain the benefits of each one?

Accepted Answer

Asset finance is a financing option that enables businesses to acquire assets like equipment, vehicles, or machinery without the need to pay the full upfront cost. Our asset finance services offer various solutions tailored to the specific needs of your business, including leasing, and term loan financing.

Question 17

Are there any restrictions or limitations on the types of assets that can be financed?

Accepted Answer

We provide financing for a diverse array of assets, including equipment, technology, vehicles, and more. While there may be certain restrictions or limitations depending on the type of asset and the specific financing product, we are more than happy to discuss your needs and identify any potential constraints.

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