What is Geneva Capital's Invoice Finance Product?

Our prices are determined through a credit application and assessment. We can show you the typical range of costs but each customer is assessed individually.

• A ONE OFF set up fee of $1500 +GST – $2500 +GST
• A monthly administration fee of 0.5% – 2.5% of turnover
• An annual interest rate of between 11% – 14% on borrowings

Any request outside of the normal facility may incur extra charges but we will ALWAYS inform you if there are any and give you the CHOICE to proceed with the extra request or work with you to enable the request in the normal facility. We are also more than happy to provide you with an indicative offer if you need greater visibility on the costs before proceeding. We want the best success for your business so understand this may be required.

Our criteria is set. To be able to apply for this facility you need to be:

• A business trading with other businesses
• Your annual turnover or forecast turnover must be $500,000 or UNDER
• Your accounts package needs to be XERO
• Your PAYE needs to be up to date or in an agreed arrangement.

Simply complete the form at https://genevacapital.co.nz/get-a-quote/ and we’ll contact you from there quickly.

You may be asked to provide documents at different stages of the approval process. These can include current andprevious financials, identification of directors, tax and bank statements or invoice supporting documents. We will keep you informed every step of the way.

This is the source of data transference that enables us to fund you quickly and confidentially. It links with our Cloud based system giving you 24/7 visibility on your facility.

Yes we ask you stay with us for a minimum of six months however, sometimes things do change and circumstances can mean you need to repay the facility earlier. You must give us one months notice and we can work with you to clear the borrowing.

The fees and charges are applied to your facility monthly, when your customers repay the invoices this repays your facility including any fees and charges on an ongoing basis.

Payments from your customers will be directed into the Geneva Trust account in your business name, which we will set up. These payments pay down any existing balance. Your customers will need to be given this new bank account to pay into.

The facility is a confidential facility. We do not contact your customers.

Your data is transferred using industry standard encryption technology. All our employees meet stringent reference, credit and criminal checks and only those with a direct requirement can view your data. Geneva Capital Limited is part of the wider Geneva Finance group and is monitored by the Financial Services Authority in New Zealand for compliance.

Just enter them into your XERO accounts package and we can do the rest from there. We also collect the customer detail from there so we can allocate the invoice to the right business – simple.

Yes you can nominate up to three users on your facility and we will ensure they all have their own separate confidential log in access.

Currently we are working on different integrations with MYOB and Sage Line 50. Just contact us directly and we will see if we have the solution for your business.

You can contact us direct by emailing info@genevacapital.co.nz, calling us direct on 021 462 818, or filling in the form https://genevacapital.co.nz/contact-us/