In the first instance, you need to pay creditors and stop a business wind up.
Then, business restructuring and requiring finance. Hence, specialist finance is needed as you are closing one income entity and establishing a new trading ABN and entity. Consequently, you are unable to provide sufficient income evidence for other types of loans.
Liquidation of a company. Such as business restructuring where overdrafts and business loans need closure or put under a new entity. Consequently, the short term income won’t fit the lending criteria of traditional lenders.
Indeed, private loans can allow for partial payment or full payment of ATO debt.
Importantly, avoid the complex lending policy for fast access to money.
In sum, traditional lenders don’t like risk, such as legal proceedings. Consequently, business legal or court action is a suitable purpose.
Finally, used for the payment of business debts such as supplier invoices, business overdrafts & business loans.