Hi Charlie,

I was here around 10 years years ago, however have just created a new account. Yours being the first post I’ve read.

Based on your post, I would need to make some assumptions… but here goes…

I have a feeling you are referring to the trustee e.g. the trust has a company acting as trustee. The trustee is not the owner of the trust but more of an administrator, managing the trust for the unit holders or beneficiaries. Having a company as trustee is very common when banks are lending to trusts.

Generally. A loan application would be submitted with the company as the applicant (acting in its capacity as trustee). There are then usually directors guarantees and sometimes guarantees from beneficiaries.

Hope that’s helps :-)