Extending the life of older equipment...
How do I fund a significant repair, rebuild or refurbishment of existing equipment, plant and machinery?
Extending the life of existing equipment by rebuilding or refurbishing it can defer major capital expenditure and be a very cost-effective option for your business.
HOWEVER, it may be challenging to fund from cash flow and traditional funders may be reluctant to consider the existing asset as appropriate collateral, impose further security requirements or require repayment over a short period not recognising the life of the asset is being extended.
A specialist funder who understands assets and is able to structure a longer term for you will result in a loan matched to the economic life of the asset; making your monthly payments more manageable and improving cash flow.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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84.4% Yes
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14% No
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1.6% Other - I'll share below
Riddle Me This: Can You Out-Smart Yesterday’s Champ?
How can the number four be half of five?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Does Your Organisation Need New Flooring?
Is the flooring at your school, early childhood, community or sports centre old and threadbare? Or perhaps you have a new space where there’s no flooring at all. Your organisation could be eligible to receive $2,000 + gst from the RhinoKids Flooring Fund to go towards new flooring. Plus, one lucky organisation will win a $20,000 flooring makeover!
Carpet Court is continuing its’ mission to help improve Kiwi kids’ learning environments by rolling out its’ nationwide fund for the fifth year in a row. Apply today!
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