How can you use our property-backed tax debt loans?
It can be challenging to plan for tax because it does creep up on you. Most banks and major lenders have strict tax debt requirements, so if you have a large amount outstanding to the ATO, you find yourself in default of your loan with the bank. If you have property security that you can lean on and have a significant tax debt to pay, we can refinance your tax debt through our tax debt restructure loans. As a private lender, we can approve your loan within 48 hours and settle within a few weeks.
It is impossible to secure a facility with a bank if you have an unattended outstanding tax debt. Planning your tax by strategically utilising your property and a private lender like Sparrow Loans to restructure your ATO obligations will help you secure a more suitable loan facility with your preferred bank in the future.