Verified and reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 24 August 2026 · About Corey
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.
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 customer book, contracts, work vehicles and equipment submission was matched to specialist business-acquisition lender and moved from application to settlement in 3 weeks.
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.
Evidence supplied
- Two years of financial statements for both businesses
- Sale agreement
- Asset list and valuation
- Business forecasts