Transport · SA
A$500k-600k ato debt refinance arranged, settled in 6 days
Overview
A transport business owed the ATO more than half a million dollars. When the latest BAS was lodged the ATO refused a new payment plan. Refinancing replaces the ATO balance with a commercial facility from a lender, so the compounding charge stops.
The problem
The ATO refused a new payment plan when the latest BAS was lodged, leaving the business without a way to stay on top of the debt.
What Finstead arranged
Arranged an unsecured refinance to clear the ATO debt in six days.
Deal at a glance
- Industry
- Transport
- Location
- SA
- Facility
- ATO debt refinance
- Amount band
- A$500k-600k
- Time to settle
- 6 days
Related finance
An anonymised example of a settled deal. Amounts are shown as a band and details are summarised so no client can be identified. Past results do not guarantee future outcomes. Finstead arranges finance and does not lend.