Perth Debt Consolidation and Business Finance

Start with the practical question, because it is the one Perth clients ask first. WeL’nd is based in Port Melbourne. There is no Perth office. Everything runs by phone, video and secure upload, and we hold call slots in our early afternoon so you are not being squeezed into the end of an eastern states day.

1. 01

   A call at a sensible hour

   Booked to suit Perth time. Twenty minutes, no documents needed, an honest read at the end.

2. 02

   One document request

   Statements, BAS history, ATO account print, financials, asset schedules and identification, uploaded securely.

3. 03

   Lodged before your day starts

   Being two or three hours ahead means files often reach a lender's queue before the Perth morning begins.

4. 04

   Settlement handled

   We manage lender, solicitor and payout figures, and stay in the file afterwards.

One practical note for Western Australian clients: get the payout figures rather than the balances on any short-term facility before the first call. On those products the two numbers are often materially different, and the payout figure is what actually has to be funded at settlement.

Perth's business base is far more diverse than the headlines suggest, but almost all of it connects to resources at one or two removes. Engineering and fabrication, labour hire, logistics, plant hire, professional services, and the trades that build the housing the workforce lives in. Construction and property services follow the cycle with a lag.

Cyclical income creates a specific debt shape. Businesses gear up for a contract, buy plant at the top of the market, then face the gap when it ends. Fixed obligations do not gap. The tax account absorbs the difference, and the general interest charge does the rest.

A great many Perth households have at least one income earned on a mine site, on a roster, and often that income has been quietly supporting a business on the side. That combination is workable and it is worth putting on the table at the first call, because the household and the business are effectively the same risk and lenders will assess them together anyway.

Perth and regional WA businesses hold a great deal of capital in plant. Prime movers, excavators, workshop and fabrication equipment, crushing and screening gear. Two things follow from that. First, equipment facilities are often spread across four or five funders with different end dates and balloon positions, which is more expensive and harder to manage than it needs to be. Second, plant that is owned outright can sometimes be refinanced to release working capital without touching the family home.

• Consolidating several equipment agreements into one facility with a single repayment
• Refinancing owned plant to release capital for a tax balance or a working capital gap
• Structuring new equipment purchases so the term matches the useful life rather than the sales pitch
• Reviewing balloon positions before they land rather than after

Where the arithmetic works, an equipment consolidation is also the quickest thing to arrange, because the security is the asset itself and the assessment is narrower than a property-secured facility. It is a reasonable first move while a larger structure is being considered.