Shaun Nicholson of specialist printing industry finance brokering firm One Finance says that the recent collapses in finance companies in New Zealand will most likely effect consumer and property development lending only.He says that only a couple of the smaller finance firms financed the printing industry were affected. These are likely to either peg back their lending or sell their books to someone larger.
"The only affect will be in uncertainty of where to go for funding, but we have not experienced any problems so far."
However, it is the rise in interest rates that may have some affect on printing industry spending, although he believes it will only be minimal at this stage, he says.
"A 2% change in the interest rate on a $35,000 piece of equipment over five years is only going to make a difference of $37 a months, so it's not huge, so for us it's pretty much business as usual," he adds.
