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 had won a major project and needed four vehicles before contract cashflow began. The new company entity was only one month old and had no established business credit.
Credit file
No company credit history; director score above 750.
The approach
What X Lend did
X Lend packaged all four vehicles under one fleet facility, supported the requirement with the signed project contract and coordinated the settlements with the dealership.
The application was approved on the first lender enquiry, avoiding unnecessary applications to multiple credit providers.
The result
Settled outcome
All four vehicles were approved on the first lender enquiry and settled at a historical rate of 8.69%, with no deposit and a 30% balloon to preserve project cashflow.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- Business bank statements
- Signed project contract
- Four vehicle invoices
- Company and director documents