Short Term ABN
Scenario
Mr. Adams is a self-employed Plumber who has held his ABN for 13 months and prior to that he worked for an external Plumbing company. Mrs. Adams is a part-time Accounts Manager and has been in her job for 4 years. They would like to use the equity in their home to cash out funds to use for minor non-structural renovations and to purchase new furniture. Refinance amount is $400,000 and cash out amount is $80,000. Mr. Adams is able to provide the last 6 months ATO lodged BAS.
Hurdle
Mr Adams has only been self employed for 13 months and clients are seeking a large amount of cash out as part of their loan.
Solution
Mr & Mrs Adams were able to obtain the cash out that they needed today without having to wait for Mr Adams to be in business for more than 2 years. We managed help clients renovate their old family home into a luxurious new home.
