This is the time of the year where you have to pay the ATO for your outstanding Company tax.
Earlier this week we provided a Melbourne business owner with a $1.5M facility to cover his outstanding tax debt. Our loan was secured by a second mortgage over two of his commercial units in Clayton. With some breathing space, the Borrower can now get their financials in order to refinance through a mainstream lender in 4 months’ time.
We are seeing more clients struggling to rely on their cash flow and are in need of a short term loan.
Our short-term loans are designed to provide relief in circumstances where funding is not immediately available from traditional sources of finance, such as banks and other institutions.
At Secured Lending, we pride ourselves on our ability to assess your financial needs on a timely manner and are able to provide a Letter of Offer in matter of hours and funding within 24 hours. Keen to know more, check out how we have helped clients deal with Tax Debt.