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 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.
The approach
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 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 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.
Documents used
Evidence supplied
- Business bank statements
- BAS
- New premises lease
- Equipment invoice