Experienced builder with a great business had a default listed against their business at the height of COVID while trying to negotiate terms with one of their suppliers. The default reduced their credit score immediately leaving them unable to access funding through other lenders.
The client needed $150,000 for some working capital and to pay the supplier in order to have the default removed their credit score reinstated. The client had enough turnover to support the loan amount requested and the loan was approved and funded within 24 hours.
We understand business owners are passionate about their business which is why we look beyond just ticking boxes. All our lender partners have an open-minded approach to credit and when assessing applications look for ways to approve deals, not decline them.
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