Norrie & Daughters is pleased to announce a new choice for our valued clients to pay their account with us using feeSmart. feeSmart provides a loan at very competitive interest rates to clients of legal and accounting firms. feeSmart is New Zealands leading financier of professional fees, with over 500 legal and accounting firms providing feeSmart finance.
FeeSmart is new way to pay your account with Norrie & Daughters. Often clients of accountants and lawyers are receiving their professional advisors account right at the worst time, bills for school fees, houeshold costs etc are arriving and the last thing you need is a bill from your accountant or lawyer.
FeeSmart solves the problem of using expensive credit card debt to pay their professional advisors account or alternatively your professional charging you more because a factoring company takes a slice of the invoice.
Interest rates will vary from time to time. Generally rates will be within a band of 7.5% to 11% (flat) for a 12 month loan.
feeSmart offers 6 and 12 month terms. There is a minimum of $1,000 for the 12 month term.
Yes- normally $50 which is similar to what most banks charge for an overdraft. The payment is added to the first direct debit charge.
Preserve existing cash and credit lines for other business needs;
Enjoy the benefits of smaller, more budget friendly, monthly repayments, rather than a large single lump sum;
Remove the stress associated with being an overdue debtor with a key professional advisor;
Claim a tax deduction on any interest payable for the facility.
Q - Are there any penalties for early repayment?
You may settle your loan at any time by paying the outstanding principle (calculated by the rule of 78) and a small processing fee of $50
You must confirm and accept invoiced amounts as part of the funding process. This means that you can raise any invoice dispute early allowing us to deal with the dispute promptly and efficiently.
Q - What is the smallest/biggest amount that can be funded?
Most loans are between $500 to $10,000. Bigger amounts may be funded subject to individual approval.
Q - Can multiple but related entities combine invoices to be funded?
No - each entity will require loans established for it.
If YOU answered YES to any the above then it’s time to move to: NORRIE & DAUGHTERS.
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