Sole Trader Loans

How to Find the Right Sole Trader Finance with Our Brokers

There are a number of issues that can make it difficult for ABNs to secure the right funding. One is not having enough time and another is not having enough bargaining power. We assist with overcoming both those obstacles to affordable credit.

Time really is money for many one-person businesses. Every hour spent handling tasks that are not billable to a client is an hour with no income. The process of sourcing credit can be time-consuming and that can mean significant hours without income. Using our brokers to handle the task of finding the right funding enables ABNs to concentrate on their income-producing work.

We handle finding the right credit from the initial enquiry right through to settlement. Even one-person operations are assigned one of our highly experienced brokers and have the complete support of our extensive capabilities and resources.

Self-employed operators may feel empowered when it comes to running their own enterprise. But that rarely translates to having bargaining power with lenders. Negotiating with banks and lenders to get cheaper rates and more flexible terms and conditions requires the bargaining power that we have built-up over our 25+ years in the commercial lending market.

We use our bargaining power and our industry-level contacts to negotiate the right outcomes for every customer.

• Expert, professional business loan brokers.
• Australian-owned and operated brokers – nationwide services.
• 25+ years experience.

80+ Lenders to Secure the Right Sole Trader Loans

The commercial lending market is vast with major banks, other banks and a large number of non-bank lenders providing funding for businesses. Lenders have their own guidelines for approving applications and setting interest rates, with significant variations across the market. Not all lenders offer credit to self-employed operators so finding the right lender can be a challenge.

We support ABNs to find the right lenders with our accreditations with over 80 lenders. Our lender panel includes the major banks, finance companies and non-bank lenders. Many of our non-bank lenders approve ABN credit with competitive rates and affordable solutions.

Many non-bank lenders do not provide services direct to businesses but only via selected brokers. We provide access to this section of the lending market to facilitate the opportunity to secure the right funding solution.

Our lender panel includes lenders that specialise in certain industries or certain assets such as heavy vehicles and machinery. This aspect can be significant in achieving better rates and conditions as these lenders have an in-depth understanding of the industry.

To get the right ABN credit, simply contact us and we will handle it for you.

• 80+ Lenders – major banks, finance companies, non-bank lenders.
• Lenders specialising in sole trader financing.
• The right solution from the right lender.

Are You Eligible for Sole Trader Finance?

Owning your own business is possible under different commercial entity structures in Australia. Being self-employed may be operating with an ABN only. According to the corporate law in Australia, trading solo on this basis allows the operator to take on employees but not to ‘employ’ themselves. The owner has complete control over the operation.

An Australian Business Number (ABN) is required to apply for commercial funding. An ABN can be applied for through the Australian Government’s Australian Business Register. We have lenders that do approve credit applications for operators with new ABNs. So the time the ABN has been held would not determine eligibility to apply for credit. Subject to individual lender criteria.

Having GST registration to charge and claim GST, is not a mandatory requirement to be eligible for commercial funding. But it is mandatory for businesses with $75,000+ turnover. Some lenders do consider GST registration favourably when assessing applications.

In addition to these basic requirements, applicants will need to provide documentation in regard to the financial status of the operation. It is quite typical for the personal financials of ABNs to be reviewed as part of the application process. Individual lenders have their own guidelines in regard to the time an applicant has traded and may have minimum levels of turnover in order to approve applications. Where this documentation is not available or criteria not met, we do have lenders that offer No Doc and Low Doc options.

• ABN mandatory
• GST registration not mandatory
• Without financials options available

Fast Approvals & Easy Sole Trader Loans Application Process

We make it easy for self-employed operators to get started on applying for credit. Simply use our online forms or speak with one of our brokers for a phone application. Having all your details ready, including what documentation is available, can assist us to expedite the process and get your application approved by the right lender quickly.

• Online and phone applications.
• Quick quotes, fast approvals.
• 24 hour approvals.

Get the Right Solutions for Sole Trader Loans

Many Australians have the goal of working for themselves with their own set-up. In many industries, contractors and self-employed has become the norm. Working your way and running your own race can be quite empowering and rewarding. But it when it comes to sourcing and negotiating credit for the operation, many self-employed individuals can find that power eludes them.

Banks and lenders have their own credit guidelines and many ABNs face issues finding funding outcomes that are right for them. We specialise in the commercial lending market and that includes finding the right solutions for ABNs. Affordable, individually sourced and structured credit for motor vehicles, heavy vehicles, machinery and equipment, general expenditures and cash flow back-up for self-employed operators.

With over 80 lenders available to us through our accreditations, we have the resources and expertise to source the right credit opportunities for self-employed operators across many industry sectors.