Potentially. There are lenders that will consider refinancing ATO debt for eligible established businesses. The available solution will depend on your business performance, financial position, credit history, security and overall circumstances.

Existing business loans and other eligible facilities may sometimes be refinanced into a more manageable structure; subject to lender assessment. You may also need to close the old loan facility for servicing requirements.

Yes; depending on why the overdraft is being used and the financial position of the business, we can look at whether keeping, restructuring or replacing the facility makes sense.

Not necessarily. Both secured and unsecured business lending options exist; the most appropriate structure depends on the size of the lending request and strength of the business.

For an initial assessment I will generally want to understand your existing debts and review recent business bank statements and BAS. Additional documents may be required depending on the lending structure.
It could be a mixture of:
- Latest 1 year personal Tax Return supported by;

- Latest ATO Notice of Assessment;
- Latest Company Tax Return; AND

- Financial statements (including Profit & Loss and balance sheets);

- 12 months business bank statements
- ID for verification
- Property information
...and more

It all depends on your highest goal; cash flow relief, interest charged overall, structure or timing.
The purpose of the review is to determine whether refinancing creates a genuine improvement after considering interest rates, loan terms, fees, repayments and the overall lending structure.

Only with your permission. As a broker I can get access to your credit report without lodging an enquiry. In most cases, we can do a lender enquiry before application, to ascertain your likelihood of approval. Otherwise you will be advised when a check will be processed.