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 director's personal taxable income appeared low because earnings were retained in the company and paid through distributions, making a salary-only assessment unrepresentative.
Credit file
820 score and property ownership.
The approach
What X Lend did
X Lend structured the application as commercial vehicle finance and found a bank that assessed the company's trading strength rather than relying only on the director's personal taxable income.
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 at a historical rate of 7.59%, with a 30% balloon used to manage the scheduled monthly repayment.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- Company financial statements
- Tax returns
- Accountant letter
- Business bank statements