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
Several profitable commercial projects were active, but wages and materials had to be paid while the business waited up to 90 days for customer invoices.
Credit file
630 director score with no defaults and several recent enquiries.
What X Lend did
X Lend found a cashflow lender that assessed current turnover and signed contracts rather than relying only on the previous tax year's result.
The working capital for wages and project materials submission was matched to cashflow lender and moved from application to settlement in 3 business days.
Settled outcome
Approved on the first lender enquiry and settled for $75,000 at a historical rate of 12.95%, allowing wages and materials to be paid while invoices remained outstanding.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Evidence supplied
- Business bank statements
- BAS
- Aged receivables report
- Project contracts
- Management accounts