A Director Penalty Notice landed. 21 days on the clock. The director needed capital to respond, fast. The business owned construction equipment on active jobs. That equipment became the answer. ABL secured it, released $280K, the director paid the debt in full, and the equipment kept working the whole time.
The situation
A Director Penalty Notice. 21 days to respond. Personal liability on the line for 100% of the unpaid company tax, plus interest and penalties.
The director had one option: pay the debt. But banks won’t touch DPN liability. Private lenders wanted guarantees and credit checks the director couldn’t provide. Time was the problem. The director needed cash, fast, and they needed it now.
This is what asset-based lending looks like under pressure. A DPN is urgent. The ATO doesn’t negotiate. The window is tight. But if a business owns assets with real equity, those assets become the security. The speed of the deal is what matters, not the credit file.
The asset
A construction equipment fleet in active use. Excavators, loaders, compressors working on multiple projects. Owned outright by the business, no other loans against them. The fleet was generating income across multiple job sites.
For an asset-based lender, that’s the key insight. Working assets don’t need to stop working. The equipment could stay on the jobs, GPS-tracked for security, while the director paid down the debt.
The need
$280K to pay the DPN debt in full. The director needed it in days, not weeks. The 21-day clock doesn’t wait. The postal delays alone had already shrunk the real window to 16 days. Every day counted.
The structure
The deal went through as a Track It facility. $280K disbursed. Equipment remained on the job, GPS-tracked for the loan term. ABL didn’t need to store the fleet. The business could keep using it. That’s the whole point of Track It.
ABL took its own view of the equipment, sized the deal against the equity sitting in it, and got comfortable with the security. Settlement went through in 18 hours from first conversation to funds in the account.
- Product: Track It
- Asset: Construction equipment fleet, owned outright
- Disbursement: $280K
- Use of funds: DPN debt payment
- Security: Equipment GPS-tracked for the loan term
- Timeline: 18 hours from enquiry to funded
The outcome
The director used the $280K to pay the DPN debt in full within the 21-day window. Personal liability was removed once the debt was paid. The equipment stayed on site, kept working on the jobs, kept earning throughout. When the business repaid ABL’s loan on schedule, the GPS tracking came off.
When you need funding fast you also need certainty. The DPN window doesn’t wait. If your client owns assets, that’s the answer. We can move in hours. That’s what makes the difference.
Why this deal worked
Three things had to be true for the deal to work. They’re the same three things every DPN deal needs:
- Assets with real equity, owned outright. The equipment wasn’t financed. ABL could take a clean security interest and hold it for the loan term.
- A deadline that matters. The 21-day DPN window is real. It doesn’t move. The director understood the cost of missing it. The urgency was legitimate.
- A fast yes, without credit checks or financials. The deal moved because the asset was the security, not the director’s credit file or P&L. No long-term loans, no credit exposure. The asset backed the entire deal.
If your client has a DPN and owns business or personal assets, that’s an ABL conversation — and that’s almost always the case. The deal looks at what they own, not at their credit file. The security is the asset. The speed is the point. Same-day funding when the asset is secured. That’s what a DPN situation needs.
Got a client with 21 days and an asset?
If your client owns business or personal assets and has a DPN landing, there’s a deal in it — and that’s almost always the case. When you need funding fast you also need certainty. ABL doesn’t need credit checks or financials. The asset is the security. Indicative terms within 2 hours. Same-day settlement when the asset is secured.