Business Loans to Payout Tax Debt

commercial construction worker

Share This Post

With ATO collections activity on the rise a lot of business owners are under the misconception that you can’t get finance when you have tax debt or you can’t get finance to pay out tax debt.

Now, it’s true that the major banks and a number of the second-tier lenders and traditional lenders don’t provide finance to business owners when their business is carrying a tax debt, but, as current business conditions are making it more likely that more business owners are carrying more tax debt, there’s a couple of different things to be aware of.

First, there’s professionals that are there to help you get the best outcome with your tax debt situation. These are specialist consultants who work with you to negotiate away penalties and interests that you might have incurred.

So that’s step 1, making sure that debt is as low as possible. Step 2 is to know there are lenders that will payout tax debt. Some options can have payments deferred for 12 months.

You can also get other forms of finance at the same time as carrying tax debt. There are usually many options available beyond what your bank may offer.

Lending solution for business

Commercial Lending Solutions For Your Business

OVERDRAFTS | TERM LOANS | UNSECURED LENDING | EQUIPMENT FINANCE | PROPERTY FINANCE | CASH FLOW LENDING | WORKING CAPITAL | BRIDGING LOANS | PRIVATE LENDING

The finance you need to do business the way you want

.

More To Explore

Learn more about business financing!

drop us a line and keep in touch

Two men discuss the Types of Loans for Businesses with Bad Credit, Conceptual Photo
Scroll to Top