Explained business related defaults ($45,000)

Challenge: A small business found a supplier had 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.

Finance 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 property backed, demonstrated current serviceability via interim 2017 accounts and had clear credit with another financier.

May 5th, 2017|Success Stories|