South Canterbury Finance says it is determined to stand on its own two feet by the end of next year.
The South Island lender is winding up a series of national roadshows aimed at convincing investors it is a secure and worthwhile investment.
The company has split its operations into three: a finance unit holding at least $700 million in good loans, a bad bank to hold troubled loans, and an investment division with assets including Helicopters New Zealand and the apple producer Scales.
South Canterbury Finance chief executive Sandy Maier says the new structure is working well and the company is clawing back about $1 million per week by selling distressed assets, while investors are rolling over about $100 million per month.
Mr Maier says investors have taken confidence in the company's recent inclusion in the Government's extended retail deposit guarantee, but admits there is more work to do.
South Canterbury Finance plans to raise more than $1.2 billion from investors, most of which will be covered by the extended scheme.
The company has about $460 million in debentures and deposits maturing before the end of June.
Mr Maier says he wants to ensure the company is in a good position when the guarantee expires next October.