Damian is a director of Walcha Pty Ltd, a company that uses 3D printing to create customised parts for industrial machinery. This means that Walcha Pty Ltd hasvery few circulating assets such as stock in tradebut it does own a valuable 3D printing machine.

The company needs funds urgently to pay an outstanding tax bill and has found a business lender that is willing to give the company a business loan. But the business lender is seeking security for the borrowed funds.

Advise Damianhow he can secure the proposed business loan to pay the outstanding tax bill IRAC: ?