Case Study - Jimmy

Meet Jimmy...

Case Study Jimmy

A business owner who was looking to access cash for business expansion.

  • Age: 37 years old
  • Assets: House valued at $814K
  • Occupation: Company Director operating a transport business for the last 12 years
  • Income: Last 2 years taxable income is $89K and $159K respectively
  • Liabilities: Current home loan $370K and business loan $80K (secured against home)
  • Credit impairment: Paid commercial default listed on CRAA for $64K registered just over 24 months ago


Jimmy needed $160K to purchase some new trucks to expand his business.

Jimmy did not have his most recent financials completed yet but he had told his broker that his net profit had increased substantially to $280K due to securing a large new contract.

The Solution

Jimmy was able to qualify for the Pepper Money Near Prime (Alt Doc) product.

  • Pepper Money considers consolidation of Alt Doc and business debts on Pepper Money Alt Doc products.
  • Pepper Money has no limit on cash out for acceptable purposes including purchasing property or vehicles.
  • Jimmy was able to choose from 3 different options when providing income documentation - 6 months' business bank statements OR 6 months BAS OR his accountant could complete Pepper Money's accountant's letter.

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These case studies are based on real-life examples and have been provided solely for educational purposes. The case studies are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. All applications are subject to Pepper Money's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply. Pepper Group Limited, Australian Credit Licence Number 286655, is the servicer of loans made by Pepper Finance Corporation Ltd ACN 094 317 647.