The Most Important Number for Your Mortgage Rate By A Jindabyne Mortgage Broker
What is the US 10 yr bond yield and why does it matter for my mortgage IN JINDABYNE (and every other investment)? Find out why FRoM A JINDABYNE MORTGAGE BROKER in 2 minutes: PLUS BUSINESS LENDING IN JINDABYNE
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Business Lending - Busiest time of the YeaR
Housing may be in the headlines but we are coming into the busiest time of year for business lending.
Did you know business funding is relatively cheaper than it was 12 months ago? Asset Finance rates have also barely moved in 12 months.
Traditional banks might be tightening but non bank lenders continue to innovate and find solutions for our clients.
A dip in your credit score? Don’t assume it’s a no, we are seeing non bank lenders take this into account with other factors and still getting a yes.
Example: Refinancing ATO DebT
If you have an ATO debt and paying over 11% on GIC, which hasn’t been tax deductible since last year, get in touch, we can help.
The Client: A service provider business turning over $280k per month, with one director (property backed).
The Challenge: Tight cash flow, compounded by a high-repayment ATO payment plan. Their ATO debt required $30k per month on a $300k balance, which had accrued over years as they focused on investing in growth.
The Solution: We secured a $380k unsecured business loan over a 3 year term, in just 5 business days.
The Outcome:
Paid out the ATO debt in full immediately.
Reduced monthly repayments by $17,016, freeing up cashflow.
Injected $80k of fresh working capital into the business .
With reduced repayment pressure and new working capital, the client can now invest further into growth that could generate significant revenue.Finally, the interest paid on the business loan is now tax deductible unlike the interest paid on the ATO debt, offering a tax shield on top of the cashflow uplift.
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Note any advice in this newsletter is general and does not take into account your objectives, financial situation or needs.
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