Business Acquisition Central Coast
The client was a long-established recycling business owner based in regional Western Australia. They owned three unencumbered commercial properties located just outside a metropolitan area, which they wanted to use as collateral to raise capital.
The Challenge
The business had accumulated a significant ATO tax debt and faced imminent legal action — including threats of company wind-up proceedings.
Due to overwhelming operational demands, the client hadn’t completed their financials and was under pressure from the ATO to demonstrate a plan for repayment. In addition to resolving the tax issue, they were also seeking additional capital to purchase new plant and equipment to expand operations.
With no updated financials and a tight deadline, traditional funding pathways were out of reach. The urgency was high, and the consequences were severe if no funding could be arranged.
Our Approach
We took an asset-first approach, leveraging the fact that all three commercial properties were unencumbered.
Through our private lending network, we sourced a low-doc lender who was comfortable with the property locations and the nature of the ATO debt. The lender understood the commercial reality of tax arrears and didn’t require completed financials, instead relying on a practical assessment of equity, business viability, and exit strategy.
No formal valuations were required due to the strong security position and low LVR request, which accelerated the deal.
The Outcome
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- Loan Type: Private Low-Doc Business Loan
- Loan Amount: Undisclosed (secured against 3 commercial properties)
- Security: 3x commercial properties (unencumbered)
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- Valuation: Not required
- Turnaround Time: ~5 business days
- Purpose: ATO debt resolution + working capital for asset purchases
A formal approval letter was issued within days and presented in court as evidence of proactive debt management. This gave the ATO sufficient assurance to halt the wind-up proceedings. The client also secured surplus funds to reinvest in business growth.
Key Takeaways
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- Funded in 5 days with no valuations required
- Private lender comfortable with ATO debt and low-doc submission
- Structured around strong asset backing and urgency
- Approval letter used to successfully halt legal action
- Client retained control and used remaining funds for business expansion
