CLIENT SCENARIO #1
Why did this client need our funding: Business owner expanding operations. Needed funds to fit out a new premises. Bank didn’t want to rely on forecast profits for servicing and repayment of the loan. We understood the investment proposal and backed our client’s plan.
Amount: $250,000
Industry: Fitness
Location: Auckland
LVR: 50%
Type of security: First mortgage over industrial property.
Path to repayment: Business cashflow and likely refinance to main bank once track record is established.
Why Merx: When the bank hesitated to fund the fit-out of the new premises due to concerns about projected earnings, Merx stepped in with a quick and confident commitment. Our understanding of the client’s investment proposal and our flexibility in structuring the loan with a first mortgage over the industrial property provided the necessary backing to move forward.
CLIENT SCENARIO #2
Why did this client need our funding: Support working capital for business growth. Due to the 20 day delay of processing payments for services performed onsite, working capital resources to fund business growth had capped out.
Amount: $115,000
Industry: Mobile healthcare
Location: Auckland
LVR: 85%
Type of security: Second mortgage over residential property.
Path to repayment: Principal and interest payments from business cashflow.
Why Merx: Practical solution outside the ‘Bank Box’. We delivered a solution that aligned with our client’s actual funding needs.
CLIENT SCENARIO #3
Why did this client need our funding: Business owner breeding livestock for sale. Needed working capital and capex funding for the business. Client wanted to get on with the project and didn’t want to endure the Bank’s long approval process. We provided a quick response and clear commitment to support.
Amount: $200,000
Industry: Breeding livestock for sale
Location: South Auckland
LVR: 10%
Type of security: First mortgage over farm property.
Path to repayment: Cashflow from business and likely refinance to main bank once track record is established.
Why Merx: The client needed immediate working capital and capex funding to move forward with their livestock breeding project, and they couldn’t afford to wait through the bank’s prolonged approval process. Merx delivered a quick response and a clear commitment to support, allowing the client to proceed with their plans.
CLIENT SCENARIO #4
Why did this client need our funding: Business owner, undertaking a restructure in their business. Needed funds to meet restructure costs and fund working capital. Bank too slow and not supportive. We provided a quick response and clear commitment to fund.
Amount: $500,000
Industry: Building materials and trade
Location: Auckland
LVR: 56%
Type of security: Business assets and second mortgage over residential property.
Path to repayment: Sale of residential property assets.
Why Merx: We were the ideal funding partner for this client as we were able to provide swift, decisive action in a time-sensitive situation. Unlike traditional lenders that often have lengthy approval processes and rigid lending criteria, Merx offers flexibility, tailored to the unique needs of business owners.