Use our expert services to unblock one of the major constraints when setting up a new enterprise – securing affordable financing. When vehicles are integral to the new venture, enthusiasm, drive and ability can only take operators so far when they are unable to get affordable truck financing for new business.
As specialists in commercial lending, we overcome the barriers to new business truck finance presented by the strict approval guidelines adopted by some financial institutions. Providing access to specialist non-bank lenders with greater flexibility to approve applications without full documentation and financials.
Our vast lender base, experience and expertise is available to operators of all types and sizes, across all industry sectors, to source competitive rates on new business truck loans. If your efforts to secure affordable vehicle funding are blocked, contact us to ease the constraints on truck financing for new operators.
Truck financing for new business is the provision of loans for the acquisition of vehicles by businesses in the initial, or early stages of operation. Businesses may be in the process of planning to establish a new enterprise or have been operating for less than 12 months.
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The vehicles requiring financing may be new or used, light, medium or heavy-duty trucks. The vehicle may be the primary piece of equipment for the enterprise such as operators in trucking and transport, excavations, removals, general freight, construction, mining, forestry, and owner drivers in many sectors.
Alternatively, the vehicle may be for use in carrying out the services offered by the business such as growers delivering produce to markets, maintenance crews, tradespeople, repair service teams, and vehicles to deliver customer orders for a wide range of enterprises.
Business structures may be single person operations such as sole traders and self-employed, or larger concerns including partnerships, SMEs, and private companies. Small enterprises may have the personal financials of the owner requested and personal credit scores checked. Some applicants may be required to provide additional collateral.
The determining factor or obstacle preventing securing finance is not having the financial records or the trading time to meet criteria as set by some financial institutions. The operator requires what is referred to in the lending market as low doc or no doc financing. This type of financing can be sourced primarily through brokers such as Jade Finance, connecting with their specialist non-bank lenders.
Specialist lenders that we are accredited with, and can source financing from on behalf of our customers. Tailoring solutions to individual requirements. To discuss your specific new business truck loan requirements, contact us by phone or via our online systems.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
Low Doc and No Doc new business truck financing are categories of applicants that require credit with no or very little financials or documents. These docs refer to business credentials such as income tax returns, annual business accounts, BAS returns, turnover figures for minimum 1-2 years, profit and loss statements, assets and liabilities schedules, and bank statements.
These are the standard requirements for commercial credit application approval by many major banks and some lenders. Within the commercial lending market there are lenders with more flexible requirements that will approve new business finance applications based on less or no financials, and with turnover figures for the first 6 months of trading.
Give us a call to discuss suitability for your new business.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 13/04/2026 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY 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.
New operators approved for financing without financials can select from Rent-to-Own, CHP, Leasing and Chattel Mortgage.
The minimum requirements for commercial credit are an ABN and ID. Where no doc finance is required, minimal financial documentation is required.
A balloon is optional with CHP and Chattel Mortgage for all operators.
Where an operator does not have full financials, they may contact a broker to source low doc funding through specialist non-bank lenders.
Leasing is one of the commercial credit facilities available to finance heavy vehicles.
Most commercial credit uses the assets being acquired as the collateral. Some new and smaller operators may be required to provide additional collateral, subject to individual lender guidelines.
When approved for financing, new operators are entitled to the tax deductions relevant to the selected credit product.
Approval for financing can be given prior to purchase, based on an estimate of the loan total and an indication of the vehicle being considered.
Commercial credit facilities have variations with suitability to accounting methods, different approaches to the balance sheet and tax. Applicants are advised to speak with an accountant for guidance on which facility is best suited to their structure and objectives.
Online truck finance calculators are readily available for operators to calculate their own loan estimates.
