Why speed matters here
Restructuring breaks the one thing mainstream lenders rely on: a continuous trading record in a single entity. A new company has no history. A partner buy-out changes the ownership a bank assessed last year. Splitting a trading entity from an asset-holding one resets the figures for both. None of it means the business is weaker, but it all means the file fails a serviceability test that was never designed for it.
How we can fund it
Property-secured
If you own property, the restructure is largely irrelevant to the assessment. We look at the equity behind any existing mortgage and at how the loan gets repaid. A company incorporated last month with property behind it is entirely fundable.
Up to $5M · as little as 24 hrs · no financials
Cash-flow loan
Cash-flow lending is harder mid-restructure, because it is assessed from trading data that a new or changed entity does not yet have. Where the existing entity still has bank statements to show, it can work for smaller amounts.
From bank statements · as little as 2 hrs
What helps us move fastest
- What the restructure involves and where it is up to
- Property details, and who will own it after the restructure
- How the loan gets repaid, and by which entity
- Any deadline driving the timing, such as a buy-out date
A partner buy-out on a deadline
Two directors of a Perth engineering firm agreed to separate, with one buying the other out at a price fixed in a deed that expired in five weeks. Their bank wanted twelve months of post-restructure figures that would not exist for a year. The remaining director borrowed against a commercial property held outside the business, completed the buy-out on time, and refinanced to the bank fourteen months later.
Frequently asked questions
My company was incorporated last month. Is that a problem?
Not for property-secured lending. There is no minimum trading period, because the assessment is on the equity and the exit rather than on trading history.
Can I borrow to buy out a business partner?
Yes, and it is one of the most common restructure uses. The usual exit is bank finance once the new structure has a trading history, or a sale of the asset the loan sits behind.
Does a restructure look bad to a lender?
Not to us. It looks like a file a serviceability test cannot read, which is a different thing. What matters is the equity and whether the loan has a credible way out.
What if I am mid-restructure and also have ATO debt?
Common, and workable. Clearing the debt is frequently part of what makes the restructure completable, and overdue lodgements do not stop a property-secured application.
Is this the same as insolvency finance?
No. This is finance for a solvent business changing shape. If the business cannot trade out of its position, a loan secured against your property adds a creditor rather than solving it, and an accountant or restructuring adviser is worth more to you than a lender.
Does it cost anything to apply?
No. There's no cost to apply or check your eligibility. All costs are set out in writing in your loan offer before you sign anything.
