In time, commercial activity will pick up again, and there will still be opportunities for business owners and investors to grow. Until then, we are here to help New Zealand businesses create the right circumstances for those opportunities to arise and to be seized.

Working capital

Client Scenario: This client, active in transport and logistics, was unable to operate during Alert Level 4 and needed extra working capital to get through the lockdown period. They had some level of working capital finance and bank debt in place, but the funding itself wasn’t sufficient to cover expenses.

Merx Solution: After assessing their business plans and projected rebound, we were able to provide them with a $100k boost to their working capital funding, at approximately 60 per cent loan-to-value ratio. The working capital facility is secured by property assets in Auckland, and we will reassess for repayment in six months’ time.

Meeting clients halfway

As a result of the lockdown, some of our clients have experienced major setbacks, particularly those whose revenue has stopped flowing in, or has declined significantly.

But we know our clients well and are confident in the quality of their plans. So we have looked at ways to restructure their existing arrangements and help them conceive workable strategies for trading through this time. 

Once again, we are committed to helping deserving business owners, through both the prosperous and problematic times.