An established hospitality business had an opportunity to take over an existing venue at an attractive cost compared with developing a completely new site.
The opportunity needed to move quickly. Funding was required to secure the premises, meet the lease deposit and begin the fit-out.
Because the business operated across multiple related entities, Line Capital assessed the wider group rather than looking at the new location in isolation.
To be confirmed.
To be confirmed.
An established hospitality group identified an opportunity to secure an existing venue at a significantly lower cost than developing a new site from the ground up.
It was an attractive expansion opportunity, but taking it required capital upfront.
The business needed funding to secure the premises, meet the lease deposit and begin the fit-out within a relatively short timeframe.
The new site was not being assessed on its own.
The business operated across several related trading entities, so Line Capital looked at the performance and commitments of the wider group when assessing whether the expansion could be supported.
The group had an established revenue base, profitability was improving and the assessment showed sufficient capacity to service the proposed additional lending.
The opportunity itself also mattered – this was an existing site that could be secured at a substantially lower cost than establishing an equivalent location from scratch.
Line Capital provided a $250,000 FundingLine facility over 48 months to support the lease deposit and fit-out associated with the new site.
The lending was structured with security across the relevant business interests and support from the directors.
The scale of the project, what the improvements are intended to achieve and how the investment fits into the wider business can all influence the funding requirement.
That’s why the right funding option won’t necessarily be the same for every renovation or fit-out.
For established small businesses with more modest funding requirements, including working capital, business investment, equipment purchases or growth.
For established SMEs looking to fund working capital, business growth, equipment or investment, with funding to support the next stage of the business.
You don’t need to work that out before talking to us.
Tell us what you’re looking to change, what the project is intended to achieve and what’s happening in the business. We can look at the requirement, the broader context and the funding options that may fit.
The renovation budget matters, but it doesn’t tell us why the business is making the investment.
We want to understand what is changing, what the project will allow the business to do and how the cost fits alongside its existing cash flow and commitments.
A renovation supporting a new location, additional capacity or improved productivity may have a different commercial rationale from a project focused primarily on refreshing the premises.
That context helps us understand the requirement behind the numbers.
"Better outcomes start with better questions."
Our lending team works with New Zealand businesses across a broad range of funding needs and business situations. The team brings practical lending experience to assessing not just the numbers, but the context behind a funding request.
Tell us what you’re looking to do, what’s driving the project and what you want the investment to achieve. We’ll ask the questions that help us understand the project, the wider business context and the funding options that may fit.
The information on this page is general in nature and does not take into account the specific circumstances of your business. Any lending is subject to Line Capital's lending criteria, assessment and applicable terms and conditions.