How we help
Bank rejects good paying long term customer
Bank rejects good paying long term customer
Bank rejects good paying long term customer
We were approached by a client who had two maxed out overdraft accounts, an outstanding ATO debt and some overdue trade suppliers. Unfortunately his bank had taken nearly 12 weeks to decline his application leaving him without a solution. Their financial advisor contacted us as a last resort to solve this clients challenges.
SAFS Solutio
We were approached by a client who had two maxed out overdraft accounts, an outstanding ATO debt and some overdue trade suppliers. Unfortunately his bank had taken nearly 12 weeks to decline his application leaving him without a solution. Their financial advisor contacted us as a last resort to solve this clients challenges.
SAFS Solution
SAFS arranged a consolidation loan through our private funds pool to payout all his outstanding debts. Two year contract with interest capitalised for 12 months and a solid exit strategy in 18 months.
Full consolidation for $600,000 using two rural properties as security. The letter of offer was issued within 48 hours and settlement in 8 working days.
Capital raising for machinery compliance
Bank rejects good paying long term customer
Bank rejects good paying long term customer
Our client needed to raise capital to finalise the compliance for new recycling line processing equipment. His company had invested over $1.0m in their own capital to design, trial and build the equipment but because the equipment was extremely specialised hi bank would not lend the additional $750,000 to have the equipment certified.
S
Our client needed to raise capital to finalise the compliance for new recycling line processing equipment. His company had invested over $1.0m in their own capital to design, trial and build the equipment but because the equipment was extremely specialised hi bank would not lend the additional $750,000 to have the equipment certified.
SAFS Solution
Sale and Leaseback proposal against the new equipment plus additional owned assets to minimise the lenders LVR.
Loan approved within 2 days and settled within the week for the full amount on a 5 year contract with a second tier lender.
Reduced monthly expenses
Bank rejects good paying long term customer
Reduced monthly expenses
The applicants had accumulated some additional debt during their honeymoon mortgage rate period. The interest rate is about to increase substantially and their income had not increased in line with the new projected payments.
They were afraid they will need to sell their home.
SAFS Solution
Refinanced their mortgage consolidating their car
The applicants had accumulated some additional debt during their honeymoon mortgage rate period. The interest rate is about to increase substantially and their income had not increased in line with the new projected payments.
They were afraid they will need to sell their home.
SAFS Solution
Refinanced their mortgage consolidating their car loan and credit cards.
Loan approved in 3 days paying out all the other debts at a 95% LVR reducing the monthly expenses by twice the anticipated payment increase.