When you’re dealing with an ATO debt, it can be overwhelming and stressful. You may think you’ll lose your house or go bankrupt, but it doesn’t need to resort to that. We provide you with solutions to clear your ATO debt so you can focus on what’s really important – getting the business back on track.
Simply Funds are a team of experts at sourcing solutions to financial hurdles. We will help you clear ATO debt by finding the right funding solution that is affordable to you. We do this by analysing your current situation and offering you solutions to live debt free.
We have experience and an understanding of how to resolve your debt. Our goal is to alleviate your stress andget your business back on track debt free..
Lucy runs her family-owned florist business, she has been managing the company for four years. Recently she has seen a drop in business due to several factors such as struggling to obtain staff, an increase in competition and feeling the harsh impact of supply-chain delays.
Lucy knew things weren’t good, when she received a Directors Penalty Notice (DPN) from the Australian Tax Office (ATO).
Feeling incredibly overwhelmed and stressed, Lucy didn’t know what to do. Reading that she could become personally liable if she didn’t act within only 21 days was daunting. She didn’t want to liquidate as the business was still viable. Researching through her other options, Lucy contacted Simply Funds to source funding to repay her outstanding ATO debts.
After speaking to Lucy, we were able to determine she was $40,000 in debt to the ATO. We sat down with Lucy and got to know her and her situation. From then, we were able to offer Lucy a quick caveat loan as a solution to solving her debt. We provided her with a competitive rate and short-term loan with repayments that are affordable and realistic to her.
Today, Lucy successfully runs her business with a healthy cash-flow and easily meeting her repayments.
In business, sometimes things don’t go according to plan and that’s okay. We can provide
funding to solve your debt by obtaining one of the following loans:
A caveat loan is a short-term business loan that is secured by property. A caveat is lodged on the title of ownership. of the property. The caveat is then removed once the finance is repaid, or property is sold with the lender’s permission.
Using a second mortgage to obtain finance is a great option for many businesses. It is the process of taking out a second mortgage on a property that has collateral to borrow additional funds. To draw upon additional funds, the equity within the real estate is used to secure the loan.
We believe in second chances. We provide flexible lending criteria and take other factors into account that traditional lenders don’t. Bypassing traditional lenders can save you time, as time is of the essence. Obtain finance through Simply Funds even if you have previously defaulted, have bad credit or no collateral.
Sometimes you can’t afford to go through the lengthy process and applications of traditional lenders.
We know time is of the essence when it comes to repaying your debt.
We’ve created a simple process to ensure you get the finance you need as quickly as possible.
We’ll assess your application fast and get you an answer (and the funds you need) quickly.
Simply select the amount you're looking to borrow, click on the button below and fill out the
form. Our friendly team will respond to your enquiry as soon as possible.
A Bizcap provides both Unsecured and Secured loans to Small Business Owners. When assessing a loan application Bizcap generally doesn't take into consideration if a prospective customer has specific assets to provide as security. However:
(a) if the loan amount is above $30,000 (or any other figure which Bizcap determines from time to time), Bizcap will, under the loan agreement take a charge. For a corporate borrower and any corporate guarantor, the charge is over all of that entity's present and after-acquired property (that is. the security is not over specific assets but any and all assets which the entity may have). For a sole trader borrower and any individual guarantor, the charge is over its current and future real property; and
(b) in certain instances, for example, where the loan relative to the cash flow of the borrower is of a size that warrants the provision of security over specific assets. Bizcap may require specific security to be granted over those assets. Bizcop may register its security interest(s) under relevant legislation, including the Personal Properties Securities Register and the register held under the Real Property Act 1900 (NSW) or Its equivalent.
I n addition. Bizcap may take personal guarantees from directors of corporate borrowers, directors of corporate guarantors and certain individuals. No registrations are made in respect of guarantees.
Simply Funds operates an online information service that seeks to introduce Australian businesses to potential funders. Simply Funds does not provide any credit, financial products, or financial advice – either to individuals or businesses.
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