Broker Approached us with a client needing Cashout ( Equity Release) from existing property (Metro Sydney ) to pay out a business ATO debt and Business CC balance due to high interest is charged on the facility.
Client needed a short 3 months loan term for the account receivable fund to come through and clear the balance. Each day is costing the business high interest due to the CC facility.
Pay out ATO debt and Business credit card debt
Business accounts recievable
2nd Mortgage Owner Occupied Property
We consider all property type and location
Current property had a 65% LVR, we have approved a higher cashout amount meeting client's expectation. Fund was provided within 5 business days.