FINANCE SOLUTIONS FOR SME CLIENTS
ATO Tax Debt LoansWhy use PMA to finance your client’s ATO tax debt loan:
- They can't arrange an ATO payment plan
- The banks won’t consider them for a loan because they have an outstanding ATO debt
- They want to clear their ATO debt because it is having adverse effects on their credit rating
ATO Tax Debt Loan Terms
Up to $5M (1st Mortgages) & $2M (2nd Mortgages)
Up to 75% (max. LVR of 75% for major metro residential property, other security at lower LVRs)
1st & 2nd Mortgage
ATO Tax Debt Loans
If a business has a large tax debt that can't be paid, the business should first call the Australian Taxation Office (ATO) to see if a payment plan can be arranged. If they don't qualify for an ATO plan (often the ATO won’t offer a further payment plan if one is currently in place) or want to consider other options, tax debt loans are an alternative option.
A tax debt loan may be a useful way of paying off tax debt before it becomes even more of a problem or when ATO payment plans are not a viable option.
Tax debt loans are short-term financial solutions specifically tailored to assist small to medium-sized businesses settle outstanding tax debt.