Global Pacific Capital business lending overview.

Debt consolidation refinances multiple existing creditor positions into a single new facility with one repayment, one rate, and one creditor. Global Pacific Capital typically consolidates three to seven existing facilities, including asset finance, short-term lender debt, supplier debt, director loans, and IRD tax arrears. Funds flow directly to the existing creditors on settlement, with a new GSA registered on the PPSR and any property mortgage in favour of Global Pacific Capital.

Tickets commonly run from $100,000 at the smaller end through to $2 million on larger consolidations involving multiple creditor positions and property security. The borrowing capacity is shaped by the existing creditor stack, post-consolidation serviceability, and available security (commonly GSA over chattels plus property where available, often second-ranking behind an existing first mortgage).

Pricing varies by underlying credit profile, security package, and consolidation complexity. Standard consolidation indicatively prices in the 12% to 18% range. IRD tax-arrears refinances indicatively run 14% to 20%. Distressed-debt restructuring and bridging consolidations indicatively run 16% to 22%. Pricing reflects the underlying credit profile being refinanced, which is typically harder than a clean major-bank profile. Actual rates depend on the lender's assessment.

Yes, IRD income tax, GST, and PAYE arrears can be included in a consolidation refinance. Funds typically flow directly to IRD on settlement, ensuring the tax position is cleared or formally arranged as part of the deal. IRD use-of-money interest exposure on the arrears position stops on settlement of the tax debt. The underlying tax liability is not deductible, but the interest on the new finance facility is generally deductible against business income, subject to the accountant's confirmation.

Timelines run faster than a major-bank consolidation pathway because the lender specialises in this work. Initial creditor mapping through indicative offer commonly takes 1 week. Financial assessment, security review, and formal offer add another 1 to 3 weeks. Creditor coordination, settlement, and PPSR re-registration commonly take a further 1 to 3 weeks. End-to-end, 3 to 6 weeks is the common range, though distressed positions facing imminent enforcement can compress this further.

Global Pacific Capital operates as a non-bank specialist credit provider, registered on the Financial Service Providers Register under the Financial Service Providers Act 2008. Where the borrowing is wholly or predominantly for personal use (sole trader or guarantor edge cases), the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and FSLAA financial-advice obligations may also apply. The lender sits outside the Reserve Bank of NZ registered-bank perimeter, which means a different regulatory tier from major-bank counterparties.

On settlement, funds flow directly to existing creditors per the funding-flow schedule in the formal offer. Each existing creditor is paid out in full and provides a discharge of their PPSR financing statement and any registered mortgage. A new financing statement is then registered on the PPSR in favour of Global Pacific Capital under the Personal Property Securities Act 1999. Any property mortgages are registered under the Property Law Act 2007.

Standard application documentation includes a creditor schedule (lender name, balance, monthly repayment, security position, arrears status), 12 months of business bank statements, two years of financial statements, a cash-flow forecast on the post-consolidation repayment, PPSR search results for existing security, and an IRD account statement where IRD is a creditor. Where property security is offered, a registered valuation is commonly required. A solicitor is typically engaged for settlement coordination.

A major-bank decline does not transfer to a specialist non-bank lender, but the underlying credit profile that drove the decline still applies. Global Pacific Capital is widely regarded as one of the NZ specialist options where a major bank has declined a consolidation on serviceability, covenant, or arrears grounds. Pricing reflects the harder profile. Borrowers commonly arrive via accountant or broker introductions after a bank decline.

Interest on debt used for business purposes is generally deductible against business income under the Income Tax Act 2007, subject to the accountant's confirmation on the specific business position. Where an IRD tax-arrears component is refinanced, the underlying tax liability itself is not deductible but the new finance interest typically is. GST does not apply to interest charges (financial services are exempt under section 14 of the Goods and Services Tax Act 1985). Establishment fees on the new facility are commonly handled under IRD financial-arrangement rules.

On default, Global Pacific Capital can enforce the GSA registered on the PPSR under the Personal Property Securities Act 1999, recovering chattels and intangibles within the security pool. Where a property mortgage is registered, the Property Law Act 2007 mortgagee remedies apply. Working with the lender early on a covenant breach or temporary cash-flow setback is widely the cleaner outcome for both sides. Personal-guarantee enforcement against directors is the standard backstop on any unsecured shortfall.

A major NZ bank typically prices below specialist non-bank pricing on like-for-like clean-profile lending and is the right starting point where the borrower can clear bank serviceability and covenant tests. Global Pacific Capital is widely regarded as the right shortlist option where the existing creditor stack is too complex for a single bank-led refinance, where IRD arrears are part of the position, or where the underlying credit profile sits outside major-bank appetite. The two are commonly complementary rather than substitutes.