Do you need help with your ATO debt?
Every business seeking home loan assistance has their own set of needs, circumstances, complexities and considerations. This is especially so if you are self-employed and have outstanding debt with the ATO, but there are some secured and usecured lenders who may be able to offer your business a solution to your ATO debt.
Of Course the ATO has many services to help small businesses and individuals so your best course of action is to talk to the Tax Office and negotiate an arrangment. But sometimes this isn't possible and in these circumstances a secured or unsucred loan may be a solution.
Unfortunately, most mainstream banks won’t approve a loan to refinance an outstanding tax debt but if you have a property to use as security, there are specialist lenders that offer secured loans as one way to reduce your ATO debt and repayments. It allaws you to more easily manage your debt and reduce your overall repayments and depending on your circumstnaces and credit, interest rates can be more attractive than you might think.
If you don't have property, or don't need or want to use it as security, there are unsecured lenders who may be able to assist. Your circumstances will largely determine the options available, so it's always best to talk to your accountnant or other trusted tax professional about your situation and then give Etairos a call on 0402 684 199. We'll be happy to work with you to find a solution that works for your business.
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