CASE STUDY 2

Business lines of credit plus debt consolidation solution

Jordan came to Sandcastle Finance to see if we could help with his monthly cash flow. Jordan is a builder and due to the current climate he was finding people are taking longer to pay him. In order to progress the work and pay his subcontractors he was finding cash flow  extremely tight. He also had a large ATO debt that needed to be attended to.

Sandcastle Finance was able to organise a business line of credit which was based purely on the turnover of the business. These funds were deposited into Jordans bank account within 48 hours. 

Sandcastle Finance also found a solution for the ATO debt. We have access to lenders who are able to consolidate business debt, including ATO debt, into home loans. With the ATO debt consolidated into the home loan at a much lower rate than what the ATO is charging, Jordan as been able to dramatically increase his cash flow and take on more work. He believes his business will grow dramatically.