Whether you’re stepping into business for the first time or an experienced hand, it’s helpful to know the different types of finance you have available and how to put your best foot forward when applying.
Cash flow is the life blood of any business. It allows you to grow, manage volatility and it can help to reduce the cost of your lending. Our guide managing rural cash flow explains why managing cash flow is important and provides helpful tips to getting set up.
There's several financial tools available that could help you to manage the seasonal fluctuations in income and expenditure that are common in the rural sector:
To understand the different tools available to help you manage your cash flow, contact your local ASB Rural Manager.
ASB has a range of loans designed for the specific needs of the rural sector.
If you need money long term for investing in new stock or plant, a rural term loan can provide flexibility in terms of interest rates and payment periods and can be tailored to suit your needs.
A Rural Sustainability Loan is available to farmers and growers to help meet your environmental goals. Whether you need to upgrade your effluent system, fence off waterways or restore your riparian planting, our Rural Sustainability Loan will get you off to a great start.
If you don’t have surplus cash, but still need to invest in new machinery or refinance existing investment in your business, Asset Finance allows you to use the asset as security.
To be able to offer you useful advice or assistance, we’ll need to discuss the financial position of your business. It’s always wise to have the following information on hand:
As part of our service, and to help you keep on track, your ASB Rural Manager will conduct an annual business review.
This includes a 13-point financial health check to help identify any upcoming risks or opportunities. It’s also an opportunity to discuss your short, medium and long term ambitions with your ASB Rural Manager and to see how ASB can support you in achieving those.