Verified and reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 18 August 2026 · About Corey →
The challenge
What needed to be solved
The business needed to buy materials at the start of each commercial project but did not receive progress payments until later stages.
Credit file
Clean company credit and a 740 director score.
The approach
What X Lend did
X Lend arranged a revolving line of credit so the business could draw funds for each project and repay the balance as progress claims were received.
The application was approved on the first lender enquiry, avoiding unnecessary applications to multiple credit providers.
The result
Settled outcome
Approved on the first lender enquiry and settled with a $60,000 limit. Interest applied only to the amount in use, creating an ongoing project cashflow buffer.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- BAS
- Business bank statements
- Project pipeline
- Company and director documents