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Problem: Small business found a supplier filed a court writ against them 6 months previously even though they had resolved the dispute. With recent adverse on file the business was unable to secure major bank funding for a new work vehicle purchase.

Solution: Service Finance was able to fund the new vehicle under a chattel mortgage over a 48 month term. The client was able to provide an explanation for both the cause and finalisation of the court writ, was well property backed, demonstrated current serviceability via interim 2017 accounts and had clear credit with another financier.