Global report says NZ businesses enjoy ease of access to loans
posted on 6th September 2013
While franchisors say funding for new franchisees is still a concern, the World Economic Forum has said New Zealand ranks nineth in the world for ease of access to loans and its financial markets are the fourth best in the world. Franchise bankers in New Zealand have always maintained that they have funds to lend as long as the franchise model is sound. The report reflects that, saying. 'A thorough and proper assessment of risk is therefore a key ingredient of a sound financial market.'
Phil O'Reilly, chief executive of Business NZ, said it was unsurprising the country had scored so well considering how well its banks stood up through the Global Financial Crisis.
'Our banks were not engaging in the types of activity that caused other banks to crash,' he said.
'In quite a few countries in the world, there'd be a significant proportion of the business community struggling now to get the right loans at the right time.'
O'Reilly said New Zealand's business community was fairly upbeat compared to others.
Featured Listings
Choices Flooring
Be part of a new retail opportunity in New Zealand with one of Australasia’s most innovative flooring brands. At Choices Flooring, you’re not just...
Westpac New Zealand
Westpac is New Zealand's most experienced bank in franchising and the only bank offering dedicated franchise specialist managers throughout the country....
CrestClean
Looking for a simple business with low risk and high profit margins - where you can enjoy a great lifestyle? A CrestClean franchise ticks all the boxes!...
Speed Queen Laundry Systems
Enjoy semi‑passive income with your own Speed Queen self‑serve laundromat. With our expert support you’ll be operating a profitable business in no time,...
Goodwin Turner Commercial Lawyers
Goodwin Turner Commercial Lawyers aims to provide a modern, friendly, client-focused and efficient approach to your legal business requirements, with a...
