Instant Finance on expansion trail

Mid-sized finance company Instant Finance has secured a $50 million funding facility to help it fund expansion plans.

Wednesday, 11 April 2007

"We are aware of the potential for consolidation in the industry and this agreement will allow us to continue to pursue any quality opportunities that may present themselves'.

Instant Finance has a B3 'Investment Grade' rating from Risk Analysis, the local successor to global corporate credit rating agency Rapid Ratings.

Instant Finance is primarily lending in the consumer finance sector. It has 17 retail branches in the North Island.

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