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 carried three short-term loans with high weekly repayments and also needed additional funds to refurbish its existing office.
Credit file
Good credit; property-owning directors with scores above 700.
The approach
What X Lend did
X Lend used available residential property security under a specialist secured facility to consolidate the short-term debts and include the refurbishment requirement.
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 10.2%. Three weekly repayments became one monthly repayment and $35,000 was released for the refurbishment.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- Twelve months of business bank statements
- ATO portal records
- Interim financial statements
- Property and existing loan documents