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Confidence will lead to business activity - Jan 23 2010

The latest ANZ-Roy Morgan Consumer Confidence Survey http://nz.biz.yahoo.com/100121/3/gsr4.html  shows that people are continuing to be more up beat about the economy in New Zealand.  The effect on the business community seems to be a trend toward activity levels increasing again as we come out of the slump. 

The Interface New Zealand team is finding that the banks are still in a very conservative pattern around their lending and so many small businesses are finding it hard to access the working capital they require to fund their growth as activity levels pick up again.

National Director, Chris Reid says that he is finding the business banking community very open to considering referals to alternative funding sources like Interface.  "The banks are very open to meeting with us and seeing how we can help", says Chris.  Chris travels around the country on a regular basis and finds a consistent story of banks wanting to apply their lending criteria quite strictly at present, whilst businesses are needing more cash, not less, as we come out of the recession.