Can I obtain a bank loan to pay tax debt?

Traditional lender policy will not allow lending for tax debt purposes. However, there are private and specialised lenders able to assist.

• Firstly, unpaid tax debt in the ato tax portal will prevent traditional bank approval. Consequently, banks actively look for ATO issues by confirming ATO Portal balances.
• Secondly, a traditional lender will decline loans because of tax debt.
• Finally, specialised finance such as a tax debt loan can pay a tax debt.