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Opportunity what opportunity.....?




As we start to come out of that new phenomenon we call “lockdown” there is a sense on the one hand that we should be cautious. On the other hand, there is some pent up frustration translating into a real enthusiasm for frenetic activity again – just as soon as we can!

I can’t remember a time when there has been so much care and attention awarded to making things easier for us all. This translates into all that new advertising recommending that we support our small businesses so that they will get a “kick start” as we adjust to the “new” normality.

So, what are some of the things that might make things easier for us?

Well, for one thing interest rates are as low if not lower than they’ve ever been, and our central bank has advertised it’s concern if not encouragement that lenders pass on the lower rates to their customers.

Lower interest rates make it easier for those of us who are able, to take advantage, to “accelerate” the repayment of our mortgages. But lower interest rates are also a sign that there is competition to lend funds because after all we’ve just been through a prolonged period of inactivity in areas that affect interest rates - such as real estate and bank activity.

In recent times there has been a surge in short term lending to small to medium sized businesses by smaller lenders who specialize in that market. One of those active lenders has just lent working capital to a business that needed a cashflow injection to meet new sanitizing rules (no not to manufacture hand sanitizers!)

There is an old saying “strike while the iron’s hot” so give us a call to see how we can help in this unique time we’re going through.


Call us on (03) 281 8605 or email:


jerome@thompsonmcneill.co.nz

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