We field many calls from clients looking for alternative ways to finance tax debts in the business. Most loans are secured by property, that can guarantee the lender they will recoup the money they lend. If someone is trying to source finance that is not secured by a mortgage, they are usually trying to find a solution for a very real problem, such as:
So, what are the alternative solutions available to people with these needs?
For businesses there are a number of alternative solutions which we have listed in our pages on this site. Such as:
There is another option called lease back finance. Lease back finance is essentially an asset loan very similar to a car or truck loan where a business owns an asset (or has sufficient equity) which can be used to secure a loan for a number of purposes. The process involves the lender buying the asset, then leasing the asset back to the business for the businesses use.
The benefits of this type of finance is fairly straight forward in that:
Types of assets that can work in this situation are machinery, transport vehicles, or other higher value items.
Loan Saver Network are experts in bad credit car loans, and asset lease back finance. Call us today on 1300 796 850 for a free assessment and advice on how to solve your business finance issues.