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Workable, Affordable Solutions for ABN Loans Available
We offer workable funding and credit solutions for self-employed operators who do not meet all the standard business application criteria. Options to assist enterprises without the documentation or trading history to overcome the obstacles to getting approved for cost-effective funds.
While not all lenders offer these options, as specialists in all types of commercial lending, we do have access to lenders that do approve these applications and we have the enthusiasm and interest to make it happen.
This won't affect your credit score
ABN Loan Comparison
Compare Our ABN Loan Rates for Sole Traders
While every application will need to be assessed individually, operators may compare the interest rates across our portfolio as an indication of our capabilities in achieving lower rates. While your enterprise may not meet the criteria for these specific rates, with a good profile and strong cash flow, highly competitive rates may be very much in our sights for you.
Refer to our current rates and speak with us for a specific quote to meet your individual profile and requirements.
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Disclaimer: This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 18/11/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 18/11/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Calculating Finance for ABNs
How to Calculate Finance for ABNs
While the exact interest rate will not be known until a quote is obtained, rough estimates can be obtained immediately using our online calculator. These estimates can be extremely useful when selecting goods and creating a clear brief of how you would like your funding structured.
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Understanding the Benefits and Application Process
What is ABN Finance?
This specialist category of commercial lending can encompass a number of commercial operating profiles. In general terms, we utilise this type of credit option for any operator that does not tick all the boxes or does not meet the minimum criteria for approval, as set by some commercial credit providers. This may apply to brand new, start-up operations and to those that have been operating for any length of time.
A business may have been operating for an extensive timeframe, have the full documentation for financing but not meet other criteria for turnover.
- Self-employed operators
- None or very little documentation on trading figures.
- Turnover below the criteria for some banks and lenders.
- Unacceptable balance sheet position.
- Trading time to short.
- Insufficient security and asset resources.
- Debt levels above acceptable levels.
- Weak cash flow.
- No proof of the long term viability and profitability of the enterprise.
- Not registered for GST – less than $75,000 turnover.
- Varying credit ratings.
This type of credit is available to operators across many industry sectors and we provide services Australia-wide.
Flexible Financing Solutions
ABN Financing Solutions for Many Enterprise Set-ups
Whether freelancing in a creative industry, subcontracting in the construction sector, outsourced in IT, retailing online or capitalising on opportunities in the short-term work economy – we work with all types of small operators to achieve workable credit solutions.
- Subcontractors and contractors
- Freelance
- Sole trader
- Self-employed
- SME
Exploring the Range of Finance Options
Types of Loan Products for ABN Financing
With approval of their application, operators may choose the most appropriate funding product to suit their set-up and the purpose for the lending.
- ABN Chattel Mortgage
- Leasing for ABNs
- Commercial Hire Purchase for ABNs
- ABN Rent to Own
- Secured and Unsecured Loans
- Low Doc and No Doc Options
- Overdraft
- Debtor Invoice Funding
Financial Advantages with ABN Finance
Get Tax Benefits with ABN Finance
The taxation and other benefits applicable to the choice of credit product can be realised by self-employed operations, subject to the criteria as set by the ATO. The tax deductions vary with different credit facilities.
For full information on each credit product and guidelines on selecting the right product for your set-up, speak with us or refer to our webpages.
Versatile ABN Loan Solutions
ABN Loan Solutions for Range of Purposes
This specialised credit solution can be used for a wide range of asset acquisitions, supporting cash flow and other non-asset expenditure.
- ABN Car Loans and Motor Vehicle Finance – all types of vehicles.
- ABN Truck Loans and Heavy Vehicle Finance
- ABN Equipment Loans for wide range of machinery and equipment requirements.
- ABN Secured and Unsecured Loans for non-asset expenditure.
- Debtor Invoice Funding to support cash flow.
Simplified Financing Application
How to Apply for Financing for ABNs
Business operators can apply with us by phone or submit an initial enquiry online. While the individual circumstances of each application will be vary as to what is required for the application, here are some guidelines of requirements and expectations.
- ABN must be current and identification provided.
- GST registration is not mandatory, but can be desirable.
- Provide what details, records and spreadsheets are available for the business financials, tax returns and other accounting paperwork.
- An assessment of the personal credit and financials position can be expected.
- Extra security may be required for some credit products. Supplying the asset/liability record for the business and the individual is preferable.
- Information on what the funding is being used for will be required. Rates and conditions for new and used goods can vary.
- Estimate of the credit amount required. The amount requested forms an integral part of the application approval and any offer made.
The approach to approving applications can vary with lenders. It may be based on an assessment of turnover, cash flow, security or solely on proven resources to furnish the funding.
Affordable Funding
How to Source Cost-effective ABN Financing
The first step in sourcing funding for small and self-employed operators is finding which particular lenders offer that option. We solve that issue and the entire process on behalf of enterprise owners. As specialists in all types commercial lending, we have direct access to these lenders and the expertise and resources to negotiate the most suitable arrangements. Ensuring the lender is in sync with the requirements and vision of our client.
- Get access to 80+ banks and lenders
- Specially sourced and optimised solutions to maximise tax benefits
- Negotiated terms to minimise repayments
- Structured to work with cash flow and individual objectives
Leveraging the Expertise of Brokers
How ABNs Work with a Broker
Taking advantage of specialist broker services can deliver extensive benefits to self-employed, contractors and other small operators. We especially appreciate the time factor with small operations. You need to prioritise your time for income generation.
Wee handle the lending procedures and will assist you with the application as our consultants fully understand business financials. Directing clients as to what is required in order to get fast approval, flexible conditions and a more than acceptable outcome.
We assign each client one of our consultants that is familiar with the industry sector and highly skilled in securing this type of funding. You provide a brief of what you require and we proceed to source the best offer.
There is no obligation to proceed with any quote or offer. The arrangement is not finalised until our client approves the offer. Once that is done, we assist with the settlement process.
Hassle-free ABN Loans
ABN Loans with No Credit Check
Where an applicant has credit issues, we may be in a position to source a workable solution without a credit check. It may be possible to get the application approved based on strong financials and cash flow. If you are in this position, speak with us about the possibilities and prospects.
Accelerate Your ABN Financing
Fast Approval on Financing for ABNs
Using our services assists self-employed and other small operators overcome many of the challenges of securing workable credit for their venture. For fast approval of funding for your requirements, contact us today to commence the process. Approvals can be received within 24 hours with many applications.
FAQs
ABN Financing
Yes. In general terms, anyone operating with an Australian Business Number can apply for specialist finance products. These may include in creative fields that are freelancing, source work through online platforms or outsourced projects.
Yes. All types of motor vehicles including vans are eligible for financing for owner-operators. There are a number of products that may be suitable including Chattel Mortgage, Leasing Commercial Hire Purchase and Rent to Own.
Holding a current Australian Business Number and identification are minimum requirements for commercial credit. Applicants will be requested to provide what accounts and financials they have accrued. These may include bank statements, tax returns, accounts spreadsheets and similar. The quantity of documents provided will determine if a low doc option may be required.
No. Being registered to claim and pay GST is not mandatory o be eligible for commercial financing. Businesses with an annual turnover of $75,000+ must, under Australian law, register for GST. GST registration may be viewed in a positive light by some lenders. Details on how to register for GST are available through ASIC.
No. Loans obtained on the basis of holding an Australian Business Number are not the same as bad credit finance. Businesses may have a good credit rating but not meet all the criteria to be approved by many banks and lenders. This may be due to trading time, turnover level and other factors.
Many types of business structures may be eligible for financing based purely on holding a current Australian Business Number. They may be freelance, contractors, subcontractors, SMEs, larger entities and other similar set-ups.
Yes. Once approved for a commercial finance product the operation can claim the relevant tax benefits. The tax deductible elements of different credit products vary.
Credit products available for operators seeking financing based on holding an Australian Business Number include Chattel Mortgage, Leasing, Hire Purchase, Rent to Own, Overdraft, Secured and Unsecured options and some specialised credit products.
Yes. The acquisition of equipment of all types used in an enterprise may be eligible to apply for self-employed credit. A range of credit products are available including Chattel Mortgage, Lease, Commercial Hire Purchase and Rent to Buy. Rates, terms and conditions can vary for new and used equipment. This should be stipulated in the application.
Interest rates on commercial credit are offered after an assessment of the application by lenders. Rate vary across the lending market. Applicants with a good credit profile and with proven ability to repay the financing may receive a lower interest rate. The rates advertised by lenders are typically the best rate available. These rates may be used by applicants for planning and budgeting purposes.
Banks may reject commercial credit applications based on numerous factors, despite full documentation being provided. These factors may include the level of turnover, credit profile, strength of cash flow, amongst others. There are lenders in the commercial lending market that do approve applications where a bank may not. Self-employed operators may benefit from engaging with a finance broker to assist with suitable options.
Yes. The trading time of an operation can form part of the application assessment process. Some banks and other lenders may have minimum trading periods to approve applications. New businesses may seek lenders that do offer finance for those that have only been trading for a short period.
The terms approved and offered on all types of commercial finance are subject to lender approval. The term may be offered based on the strength of the application and the ability of the applicant to furnish the funding. Some lenders will offer up to 7 year terms for asset acquisitions funding.
To support cash flow for businesses with clients that have long terms to pay invoices, Debtor Invoice Funding is available through specialist lenders. This is a specialist product which is structured to suit the requirements of the operation. It allows the business to receive a percentage of invoices at the time of issuing and the balance when the client finalises the payment.
Funding for operators with an Australian Business Number is available across all industries. Some lenders may specialise in certain areas while others will offer credit on a more general basis.
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