Asset Finance
Asset Finance for 3D Printer
Go Orthotics is New Zealand’s leading provider of foot orthoses. Located in Auckland, they are a commercial foot orthotic laboratory that supplies orthoses mostly to podiatrists and orthotists throughout the country.
Simon Bell assisted Go Orthotics with a specialised asset finance solution for the acquisition of a Stratasys H350 SAF printer which prints orthoses that fit into customers' shoes. Orthotic inserts are prescribed by podiatrists around New Zealand and sent to Go Orthotics for manufacture. By automating the production of the 3D printed orthotic parts, Go Orthotics can decrease labour time and increase work volumes.
“Due to the specialised nature of our industry, we decided to work with a business finance adviser. We knew they would save us time and make the process easier. Our decision proved to be the right one since Finance New Zealand has access to a range of financing options rather than us having to approach lenders or banks ourselves. Simon did all the work on our behalf and matched our request with a specialised asset finance lender he knew would understand our business needs and goals.
We have dealt with Simon and Finance New Zealand twice for asset financing solutions. As is our business, the asset we purchased is highly specialised. We appreciated Simon's understanding of our business from the start. With Simon, we were able to explain the type of asset and what we wanted to accomplish in terms of company structure and future goals and he quickly understood.
Simon navigated any hurdles quickly and efficiently. Both our printer assets were acquired under a new company structure with no trading history, but Simon was able to advocate on our behalf to secure a lender that incorporated our future business objectives.
I was very impressed with the efficiency and speed with which he got things moving. The process was smooth and easy with Simon's help.”
Tim Ganley
Managing Director, Go Orthotics
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