Ash Mitchell

Kiwi business owners regularly review suppliers but rarely review their banking facilities the same way, even though banks review them every year. If your business has had a strong year, improved cash flow, or become a better credit risk, your pricing should reflect that.

Over the past month, we’ve seen overdraft rates reduce by 5%+ and term loans drop by around 2%, which can mean significant savings over the life of a loan. In this economy, having the right lending structure and sharp pricing matters. If you haven’t reviewed your business facilities in a while, now’s probably the time.