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 was moving into a larger location and needed a complete equipment package without using all available savings. The director also had an older paid telecommunications default.
Credit file
660 director score with one older paid telco default.
What X Lend did
X Lend found an equipment lender prepared to accept the used assets and look past the paid default after reviewing the company's three-year trading history.
The used commercial strength and cardio equipment package submission was matched to specialist equipment lender and moved from application to settlement in 5 business days.
Settled outcome
Approved on the first lender enquiry and settled at a historical rate of 12.25%, with the complete package installed before the new gym opened.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Evidence supplied
- Business bank statements
- BAS
- New premises lease
- Equipment invoice