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 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.
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 debt consolidation and office refurbishment funding submission was matched to specialist secured business lender and moved from application to settlement in 8 business days.
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.
Evidence supplied
- Twelve months of business bank statements
- ATO portal records
- Interim financial statements
- Property and existing loan documents