UDC’s long history with the Trucking Industry

In September 2023, Business Profile3 MinutesBy NZ Trucking magazineOctober 20, 2023

You may be familiar with the name UDC Finance. But do you know what the company is all about, including its strong links with the New Zealand trucking industry?

UDC is one of the largest finance companies operating in New Zealand. It is also New Zealand’s largest non-bank lending institution.

UDC began in 1937 with the simple idea of providing industrial finance to New Zealand businesses. It remains UDC’s core business over eight decades later.

“We’ve been around for a long time, more than 85 years,” explains Morgan Strong, UDC’s general manager commercial. “We help Kiwi businesses grow by providing them with the funds they need for vehicles, plant, equipment and machinery. UDC is homegrown, and that is why we’re proud to be New Zealand’s finance company.”

UDC has grown alongside the businesses that have built New Zealand’s economy – in sectors such as forestry, agriculture, manufacturing and, significantly, transport.

“Road transport and the New Zealand trucking industry is a core focus for UDC, and we have a huge amount of experience and expertise in this space, as you can imagine after over 85 years in the business,” says Strong.

Morgan Strong, UDC’s general manager commercial.

“We understand that operators are looking for finance that allows them to grow and upgrade their truck or fleet, but the key is that it has to suit their business needs. We’re able to draw on our extensive knowledge and offer flexible, tailored solutions to operators.”

So, what does UDC offer that might be worth considering for your business? Finance is available for all transport operators – from owner-drivers to large transport operators with vehicle fleets.

UDC has commercial managers nationwide, from Whangarei in the north to Invercargill in the deep south.

“We’re more than happy to come out to your premises to talk to you about your finance needs,” explains Strong. “We do this because we want to learn more about your specific operation so we can offer you the best package for your business. We’re very proud of our association with the New Zealand trucking industry, and we want to continue being part of the industry’s success.”

Some of the benefits UDC offers are:

  • competitive interest rates
  • flexible terms and seasonal repayment options
  • low or no deposits with a repayment schedule tailored to your cashflow or other business needs
  • the opportunity to spread the cost of your vehicle or equipment over its economic life
  • using your asset as security, which lets you focus your cashflow on other business needs.

This article is a general market commentary and does not constitute financial advice. UDC Finance Ltd lending criteria, fees, standard terms and conditions apply to any loan.