Quick Summary:
Loan amount: $250,000
Loan type: Tax debt loan secured by second mortgage
Problem: ATO wind-up notice with 48-hour deadline
Solution: Urgent funding provided within 24 hours to avoid liquidation
An accountant reached out to Secured Lending on behalf of a client in serious trouble. The client had just been served with a winding up notice from the ATO and was given two days to pay $250,000 or face immediate liquidation of his company.
Despite approaching multiple lenders, the accountant found that long valuation delays, excessive condition precedents, and high upfront costs made traditional pathways unworkable under such time pressure.
Urgent Second Mortgage for Tax Debt Resolution
Secured Lending acted without delay. We reviewed the client’s circumstances and immediately arranged a $250,000 tax debt loan. The facility was secured by a second mortgage over the director’s residential property.
We approved and funded the loan within 24 hours. As a result, the winding up application was dismissed, and the business survived what could have been a catastrophic outcome.
The client is now working with their broker to refinance our short-term facility with a longer-term solution. Our speed and flexibility provided the breathing room they needed to regroup.
Why Work With Secured Lending for Tax Debt Loans?
Our internal credit and property teams are structured to act with urgency. We regularly:
Approve loans within hours
Settle as quickly as the next business day
Provide clear pathways for time-critical funding
We specialise in second mortgage loans, caveat loans, and short-term facilities for businesses facing tax debt pressure or legal enforcement.
If your client is under threat of wind-up, or needs funding to deal with urgent tax issues, contact us today.
Call 1300 795 175 or email info@securedlending.com.au to find out how we can help with fast, no-fuss funding options.
