Mortgage News February 26, 2020
Small Business Loans - Making it Easy

There are many types of finance available and each comes with its own challenges and rewards.

Often, one of the toughest types of lending to secure is funding for a small business. In the early days of building a business, when you need cash-flow most, the banks are often reluctant to take a chance on you.

To make things easier we have teamed up with a respected Australian company called “Prospa”, started by people who were themselves business owners who tried (and failed) to get funding from the banks. They now offer business loans from $5,000 to $300,000 with terms between 3 and 24 months and you can make repayments daily or weekly.  

You can apply online through our website and get a quick answer – sometimes within an hour during standard business hours - and if you apply before 4pm on a business day and are approved, its possible to have the money in your account the next business day.

To apply you need to be able to demonstrate 6 months of trading for a new business (or just 3 months if you have purchased an existing business) and for lending under $150,000 you just need a Drivers Licence and details of your business – not even any financials!

It takes about 10 minutes to work through online and you can do that here - APPLY


Healthy Sales & Listings in the New Year

The Auckland property market has seen a sharp rise in both sales and new listings since the start of 2020. Overall market conditions remain confident, with prices holding firm and growing slightly near recent highs alongside healthy sales and stock numbers. According to data from Barfoot & Thompson, the median selling price for an Auckland home was $885,000 in January, and the average selling price was $951,631.


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The Economic Reality of the Coronavirus

The economic consequences of the coronavirus (COVID-19) could end up being almost as damaging as the infection itself. While Chinese factories are back at work, and financial markets seem mostly undeterred, entire Chinese cities remain in lock down and trade has been severely disrupted across the country. Quarantines aimed at containing the disease have severely handicapped the Chinese economy, with knock-on effects already being felt throughout the world.


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Coping & Thiriving in a New School

While it may be the only constant in life, change can be difficult and stressful for people of all ages. Whether it's entering high school or relocating to a new city, moving to a new school is a big deal. However, despite the inherent challenges that always accompany change, being surrounded by new places and faces also presents an opportunity for growth and self-discovery. Let's take a look at some valuable tips to help your kids thrive in a new school environment.


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The Importance of Mental Endurance

While it's not "all in your head", physical fitness and athletic performance are widely dependent on mental endurance. Feeling stressed and mentally drained can have a huge effect on how you perform physically, with mental fatigue likely to decrease your motivation, increase the time you take to recover, and impact your lifestyle choices. According to a new University of Queensland study, the brain may play a more important role in physical fitness than first thought.


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Diagnosing Rare Diseases with "The Crowd"

As crowdsourcing gets more popular as a sourcing model for goods and services, the world has started to embrace "the crowd" as a way to divide work and achieve better results. The power of the collective mind has been tested in a recent experiment, and documented in a TV series based on a New York Times Magazine column. When local specialists are unable to diagnose rare medical conditions, cases are turned over to "the crowd" to amazing results.


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> In This Issue...
1. Small Business Loans - Making it Easy
2. Healthy Sales & Listings in the New Year
3. The Economic Reality of the Coronavirus
4. Coping & Thiriving in a New School
5. The Importance of Mental Endurance
6. Diagnosing Rare Diseases with "The Crowd"

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Jon, Glen, Michelle, Lisa & Jess

Phone: 0800 277 2643

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Albany
P O Box 300-228, Albany, Auckland 0752

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