Funding to clear outstanding ATO debt
The client, an insurance business serving the transport sector, had fallen behind on its tax obligations. It needed funding to clear its outstanding ATO debt promptly.
Limited lender appetite and a competing offer
Several lenders were not prepared to proceed given the level of ATO debt. At the same time, the client was considering an offer from another broker for a higher loan amount.
Finding the right lender at the right price
Broc identified a lender prepared to provide a secured loan, structured as a second mortgage. We then focused on overall value for the client: a more competitive interest rate than the alternative offer, with timing aligned to the client’s proposed ATO payment arrangements.
$500K+ secured at a more competitive rate
Broc secured $500K+ in funding at more competitive pricing than the competing broker’s proposal, and the client chose to proceed with Broc. The result reflects our focus on the right lending solution, not simply the highest loan amount.
