Dark Horse Financial

You can replace your ATO payment plan that is too short with an unsecured tax debt loan with a 5 year term (check it out 👇) The number 1 complaint business owners give us about their tax debt is their payment plan just isn’t long enough. This puts pressure on meeting supplier expenses, payroll and having enough cash to make future ATO payments as they fall due. One of the leading non-bank unsecured lenders has extended their loan term to 5 years and can lend amounts up to $2M. With an early repayment policy that forgives all future interest if you payout the principle early it’s been a solution many of our clients have tapped into to extend their ATO payment plan, access working capital or consolidate other debts to improve cash flow. Cash flow isn’t just king in business - it’s everything. Get a better loan 👊 Jeff Suter https://lnkd.in/giTTfh8y

👀 Is your tax debt stressing you out? Here’s the deal: You can keep dodging the ATO's letters and hoping they forget about you (spoiler alert: they won’t)… OR You can fix it now. Imagine this: 👉 No more sleepless nights worrying about payment plans. 👉 No more threats of enforcement action. 👉 Just manageable terms and better cash flow. That’s what we do. Dark Horse Financial helps business owners get #tax debt loans that ACTUALLY solve the problem. Sound like something you want? The link you need is in the comments 👇

90% of businesses don’t realise how close they are to a cash flow crisis…until payroll is due...at Christmas (check out how this business owner dodged a bullet 👇 ) Our client, a commercial plumbing business with over 40 staff, was waiting on over $1M in unpaid invoices from contractors. Sound familiar? Late payments are unfortunately common at this time of the year, and for our business owner it caused a cash flow squeeze that threatened next week’s payroll. They needed a solution—fast. Their existing overdraft provider? Slow and demanding property security for access to additional funds. Here’s how we fixed it: -> We recommended an unsecured bridging loan—designed specifically for short-term cash flow issues. -> A solution with discounted interest for early repayment: The lender we chose charges only the next fortnight’s interest on early repayment when invoice payments comeing, forgiving the rest of the loans interest no matter how long there is to go. No paying out the fixed interest of the whole loan term like other unsecured lenders. -> The entire process took less than 48 hours. From application to approval to funds in their account, the loan was settled the next day. ✅ Result? ✅ ✅ Staff were paid on time, stress avoided, and the business kept running smoothly while waiting on those contractors to finally pay up. If you’re heading into the Christmas shutdown with tight cash flow and invoices in limbo, don’t let it ruin your holidays, or your employees. ✅ ✅ ✅ Get a better loan 👊 Jeff Suter

Case Study: $100k Unsecured Bridging Loan To Cover Payroll (until $1M in invoices paid...check it out 👇) Our client runs a commercial plumbing business with over 40 staff and was waiting on payment for over $1M of invoicing. With a significant percentage of their work coming from the commercial construction sector, they, like many other business owners, were impacted by large contractors paying late. These late payments from contractors had created a temporary cash flow squeeze that had the potential to impact the following week’s payroll if contractors continued to delay payment. For this reason, they were looking to raise capital fast and asked their overdraft provider for an extension to their line of credit. Their overdraft provider in turn reached out to us to obtain property security for the client and begin an assessment that would have taken more time than the client had. Understanding the client’s business is strong, despite the temporary cash flow squeeze, and they were only seeking a solution for a week or two until invoices were paid, we recommended an unsecured term loan that provided a genuine discount on interest for early repayment. On early repayment, this lender’s policy is to charge the next fortnight’s interest and then forgive the rest no matter how long is left on the term. This genuine discount on interest differs to other unsecured lenders as, while some of them might provide a discount shortly after settlement on a sliding scale, many will charge all of the interest on a loan irrespective if there is a year or two to go when it’s paid out. Importantly, we also knew our chosen lender had capacity to assess and settle the loan within 48 hours. Our client agreed with the recommendation and they were very happy their application was approved in just a few business hours and settled with funds in their account the day after. Need funding fast for your business through the Christmas shutdown? Get a better loan 👊 Jeff Suter

Caveat Lenders Bait & Switch Borrowers (here’s how to do it better 👇) Need a tax debt loan, working capital or debt consolidation solution? It’s not uncommon for business owners with these needs to come to us after they’ve been stung by an unscrupulous private lender. If you read some lenders' letters of offers carefully, a borrower might see application fees payable upfront, valuation fees, legal fees and, perhaps not so obviously the lender (at their discretion) can provide a second mortgage instead of a caveat loan. We’ve literally had calls from new clients who were attending a solicitors meeting to sign what they thought was a caveat loan contract only to find the contract in front of them is for something different or has impossible terms virtually guaranteeing a default (and hefty default rates) that hadn’t previously been disclosed. (You’d be surprised how many borrowers will sign an offer without reading the lender’s terms) To pull out of a private loan at this point a borrower would need to write off any application, valuation and legal fees already paid. They might also find the lender expects their establishment fees to be paid and there’s a caveat lodged over their security property (preventing getting a loan elsewhere) until these are taken care of. Feeling they have no choice, plenty of borrowers take the risk and go headlong into a loan that’s not suitable, hope for the best and don’t get a good outcome. Again, it’s not uncommon for those that take an unsuitable loan to come to us for the first time asking for help to get out of their problem loan. It can be pretty messy business for business owners who are usually in this position because they’re already stressed, strapped for cash and need funds fast. It doesn’t have to be this way. Firstly, there are some excellent private lenders out there but unless you’re experienced in the space you’re unlikely to tell the good from the bad (until after you’ve had either a good or bad experience). Secondly, if we find a business owner has sufficient equity for a caveat loan or a second mortgage, we can usually refinance their first mortgage. This gets you the funds you need but at a single digit interest rate and without the hefty fees and commercial valuation costs that go along with private lending The interest rates of second mortgages range between 18% pa and 4% a month so this is a big deal. A first mortgage is possible in some circumstances even if you don’t have docs and your accountant can still maintain the tax deductible status of your loan. If you need a caveat loan or a second mortgage there’s a better way. Get your finance sorted and don’t fall prey to the bait and switch 👊 Jeff Suter

Case study: $300k Unsecured Overdraft Limit To Support The Christmas Shutdown (check it out 👇) Last week we initiated a number of unsecured overdrafts for a variety of reasons including working capital, to take care of tax debt and to support the Christmas shutdown. Like others, our case study client reached out as they could see that with business winding up before Christmas they were forecasting a cash flow pinch in January. Taking action and applying now when their circumstances are strong was a smart step, as they have more options with lower rates than if you wait until your situation becomes desperate. Our preferred non bank unsecured overdraft provider has no establishment fees and, unlike their competition, no line fees too. A line fee is a fee that is charged whether you use your available credit or not and can add thousands to the cost of your credit facility. With no line fees you can keep the line of credit as a backup and there are no ongoing fees other than interest on funds you use. Our client appreciated this difference and we placed a no doc application for a $300k limit that was approved and funded in just a few days. Shutdown sorted 👊 Jeff Suter

Business owners with a default due to outstanding tax debt keep approaching us after they find they're locked out of almost all lending solutions (you don't have to go into administration!) Even business owners who are in dialogue with the ATO are reporting defaults being logged with CreditorWatch or Equifax. There are actually lenders who will help business owners in this situation and more favourable terms than payment plans can be available. Even if a DPN has been issued. If you have unencumbered plant and equipment you can raise capital against this equipment to payout tax debt. If you have equity available in property there are lenders who will allow you to release equity to pay down your ATO debt. Once your ATO default has been lifted you can then seek to return to more mainstream lenders and consider good quality unsecured lenders. Get tax debt sorted 👊 Jeff Suter

A damning chart that government spin can’t cover. Jeff Suter

A leading unsecured lender is now offering 5 year terms on loans up to $2M (what this means 👇) - ATO payment plan killing you? Pay out tax debt with an extended term over 5 years - Get rid of daily direct debit repayments by refinancing expensive lenders (you can consolidate multiple debts) - Get cash flow relief by refinance existing unsecured loans - longer terms can mean a lower payment - Higher loan amounts are available because of increased servicing Get a better loan 👍 Jeff Suter

Case Study: $2.5M Business Refinance for a Line of Credit, Debt Consolidation & Capital Raise (Massive Cashflow Improvement…check it out 👇) Our client came to us experiencing a severe cash flow squeeze they needed to remedy asap. A chemical manufacturing business who had consistently been doubling turnover year after year in a short space of time. While profitable on paper, to support their accelerated growth in the past they had used the fastest credit they could access rather than the best loan type and right lender for their circumstances. Attempts to rectify this with other finance brokers had led them to a Trade Finance and Invoice Finance solution at a lender whose policies worked against facilitating the cash flow support their business needed. It was the epitome of right loan solution...WRONG lender. It cannot be stressed enough there are brilliant cash flow lenders and there are lenders who are the wrong choice for a lot of circumstances. Trade finance is a line of credit to support the purchase of material supplies. Trade Finance can be a great solution for manufacturing businesses and any business that has high material inputs and bills on terms. The problem our client was facing was the lender they had been placed with does not prioritise Trade Finance as a solution and often takes 21 days to approve a supplier invoice to be paid under their line of credit. That’s too slow. Many businesses have similar complaints about this lender’s operational support for invoice finance and describe it as unworkable for their circumstances (commonly it’s manufacturing or transport business owners making these complaints). The client’s cashflow was further complicated by expensive Rent to Own Truck Finance and an unsecured line of credit that paid back over a very short period of time, with an astronomical interest rate and daily direct debit repayments. Their monthly expenditure on these last two features alone required a whopping $91,000 a month in payments to be serviced. Looking at the client’s asset register we recognised we could use the vehicles and other assets as security to raise capital and their turnover supported a far larger trade finance facility. The right lender's trade finance solution could be paid out from an invoice finance facility giving our client 180 days total cash flow support from a lender who we knew would support this finance structure to actually work. Our solution brought down the monthly outgoings for finance by almost $70k a month. A massive change to cash flow. Here’s how the solution is structured: - $500,000 limit Trade Finance Facility - $1.25M limit Invoice Finance Facility - $700,000 Capital Rase against Plant & Equipment Growth or not – this kind of solution and choosing the right lender is the difference between winning in business or not being in business. Sorted 👊 Jeff Suter Need to boost your cashflow with the right line of credit? The link you need is in the comments 👍