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 purchase included both tangible vehicles and equipment and intangible value from the customer book and existing local-government maintenance contracts.
Credit file
790 director score, property owner and no disclosed adverse credit.
The approach
What X Lend did
X Lend structured the acquisition through a specialist lender using the acquired business, its assets, the sale agreement and the buyer's contribution together.
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 for $180,000 at a historical rate of 10.95%, alongside the buyer's $70,000 contribution to the $250,000 purchase.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- Two years of financial statements for both businesses
- Sale agreement
- Asset list and valuation
- Business forecasts