Business Loans

Get Easy Finance For Your Business

Cherry Mortgage Solutions are Business Loan Experts and arrange Loans for all types of businesses – small, medium and large.

What makes us different from others is we do not simply complete your loan applications, send to a bank and pass on to you whatever bank replies-yes or no. We understand your unique needs and goals and help you getting all financial resources tied up to achive them. We do not work for a single transaction, but towards lasting relationship.

Our Broker carries twenty years experience as Commercial Banking Manager in Auckland, London and other large commercial centres overseas. That is why we know banks' requirements to approve your loan application. We also know different banks’ preferred industry categories and move application where we get best deal for your business.

We analyse your situation and closely work with you to ensure that you measure up to bank’s ideal client for the lending needed. Thereafter, we prepare your Loan Application, and ensure that it fits banks’ lending criteria. If banks still have any issues, through our expertise and close relationship with them, we address all their concerns. That is why we are one of top business lending brokers in Auckland.

Whether you are starting a new business or growing your existing business, give us a call and through a brief chat we can understand your needs and advise as what sort of money we can arrange for you. Alternatively, enquire online with brief information about your loan requirements and we will contact you latest within 48 hours.

We understand business lending in-depth and provide you innovative solutions most appropriate to your needs. Our advice is free, most professional and what is best in your situation. We shop around major banks and get best deal for your business lending saving you thousands of dollars

Funding Business Growth

We understand that right funding for your business is very important. That is why we identify what is needed to take your business to next level. Based on your situation and goals, we negotiate most appropriate lending solutions with banks.

Whether it is requirement of capital to fund stock or debtors or an overdraft facility to meet unforeseen requirements or extension of existing infrastructure/premises, we have solutions for all. Discuss with us and we will tell you as how we can help you succeed in your goals.

Loan for buying New Business

Once you have identified the business you are interested to buy, get last two years Financial Statements (Profit & Loss Account & Balance Sheet) and give us a call or enquire online. We will analyse the complete situation including your financial position cash/equity available with you, your background vis-a-vis current lending policy of the banks and will advise you as what is the best finance option available.

As a rule of thumb banks will lend you between 35 to 65% of the purchase price of the business. If you are buying a good franchise it is around 50% but can go up to 60% or even more. For buying a stand alone business it can be towards 35 % and more. But there is no hard and fast rule. Banks look at the type of business, its cash flow, management system, past performance of business, your experience and capability to operate such business etc etc. The fixed assets and good will of the business undoubtedly count towards banks’ comfort level. Neverthekless your over all financial position will also influence bank's lending decision.

For specialised businesses like hotels and motels, etc. (land and buildings), banks tend to lend 50 to 60% of collateral security. It is to be noted servicing of debt from business resources and your other resources should be to bank’s satisfaction. We always have upto date information of banks requirements. Just give us a call or alternatively enquire online and we will contact you at the earliest.

We can arrange loan for rest homes and childcares. Banks like purpose built free hold properties preferably self managed. Talk to us and we will find a solution to your funding needs. Our advice is free, fair and most professional.

Acquiring Equipment/Vehicle

We can arrange finance for acquiring an equipment or plant and machinery at most competitive terms either on lease or outright purchase.
Outright Purchase: You may need equipment or a machinery to run and grow your business and remain competitive with change of technology. We can arrange finance for outright purchase.

Special benefits of buying a piece of equipment or machinery are:

Pay a regular fixed amount over say 12 to 60 months and become owner after full repayments
Can negotiate interest rate, terms of payment and flexibility like bullet payment.
Get benefit of depreciation.
Can fix up repayments that suite your cash flow

We will negotiate a good interest rate, initial deposit that you can afford, and repayments to suit your cash flow.
Talk to us or enquire online and we will advise you all options available.

International Trade Finance

Our experts have in-depth understanding of international trade practices and extensive experience of providing International Trade Finance to all medium and large businesses in London and New Zealand Market.

They can provide you tailored and innovative solutions to your business needs giving you greater flexibility with your working capital. Getting export proceeds faster and funding solutions for imports are very crucial for maintaining cash flow in your international trade business.

Mitigating credit risks in international trade and managing cash flow are of very crucial factors in such a business. Depending upon your unique situation we will advise and arrange for you the most appropriate trade finance solutions. Some of these solutions are designed using one or more of following instruments:

Letter of Credit,
Bid Bond Guarantee.
Performance Bond.
Back to back Letter of Credit.
Import Trade Loan.
Export Trade Finance

We can structure and arrange all types of trade finance facilities for you at best terms and make your business transactions risk free. Contact us or enquire online and we will contact you.

Franchise Loans

Buying a franchise involves two types of costs:

Initial Franchise Licensing fee which includes franchise brand name and an established business system, and the ongoing franchise fees.
Working capital for running the business like – rent, staff wages, stock and consumables like power and water, equipments cost etc all need to be accounted for.
Banks, generally, look more favourably on franchise businesses than non-franchise business due:
Set franchise management system.
Availability of franchisor’s support
Comparatively better chances of success and growth of a franchise business.

That is why they lend more against franchise businesses ( around 50 to 75% of purchase price).

You can pay your part in cash or can borrow against your property. Banks also lend for this purpose against a third person’s(your friend or relative etc). You need not bother and our experienced professional brokers will sort it out for you after understanding your situation. Discuss with us or enquire online and we will contact you.

Leasing

Other option of acquiring an equipment or machinery is to take it on lease. Leasing is an excellent solution if you require a specialized machinery for a specific time, particularly if its use, but not ownership, is important to your business.

Special advantages of leasing are:

You do not need outright finance.
Lease rental is 100% tax deductable.
There is no hassle of disposing the asset after use.
You get approval much faster.

Leasing to own: Another option is to lease an asset and at the end of the lease term the ownership of the asset will pass on to you. This is called ‘Lease to Own’. After the lease term the ownership passes on to you and you start getting benefit of depreciation.