Lenders Wanted

SA, $3M, Commercial, Refinance, Full-doc, 66% LVR

Posted on 22/08/2013 2:28:56 PM

Family Owned Human Resources firm and Legal Practice have accrued tax arrears as a result of growth of HR business (BRW Fast 100 2 years running).
Commercial Facilities including increase to clear tax arrears $1.57m, Home Loan facility $1.73m. Security - Bank valued Residential property @ $5.0m.
Both businesses trading profitably - EBITDA 2012 $578K, 2013 $510K and cost reduction program of $250K in place.
Ideally requires major bank lender with commercial attitude.

Contact: Barry Schilling 0449 903 290

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  • Frank Rho4/10/2013 3:15:47 PM

    Barry
    Steve may have a point.
    There are other factoring companies out there that rely soley on the debtor book as security , and the cost is no more than the mentioned company.
    Try Key Factors , based in Perth , offices in Sydney and Melb.

  • Frank Rho4/10/2013 3:15:47 PM

    Barry
    Steve may have a point.
    There are other factoring companies out there that rely soley on the debtor book as security , and the cost is no more than the mentioned company.
    Try Key Factors , based in Perth , offices in Sydney and Melb.

  • Steve Rasmussen11/09/2013 7:15:54 PM

    Barry,
    Have you considered including debtor factoring in the financing mix. Depending on this size and make up of the debtor book, it might be an avenue to deal with a chunk of the ATO debt. Try Cash Resources?

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