1. Start with your situation
Tell us about the business, the approximate ATO balance and the pressure you are facing. If you have a DPN, garnishee notice or statutory demand, obtain appropriate legal advice promptly and tell us about the deadline.
An initial discussion is not a formal lending application. Ask what checks and consents will be needed before moving further.
2. Establish an accurate picture
Your accountant can confirm outstanding liabilities and lodgements. A finance assessment may require business bank statements, financials, details of existing loans, credit information and any proposed security.
The goal is to understand whether a finance option could be sustainable, not simply whether a loan could be arranged.
3. Compare the proposal
Review interest, fees, repayment timing, the total amount repayable, guarantees and security requirements. Consider the proposal alongside an ATO payment arrangement and your future tax obligations.
Take independent advice on documents and ask questions before committing. A quotation is not a guarantee of approval.
4. Apply only when you are ready
Formal applications require the lender’s assessment and verification. Approval, documentation and settlement time depend on the lender and the complexity of the matter.
Do not assume a notice deadline will be met. Until any new arrangement is confirmed, continue to address existing obligations with your accountant, lawyer and the ATO.
