Yes, in Australia, you typically need an Australian Business Number (ABN) to apply for a commercial finance loan. Lenders require an ABN to verify that you are operating a legitimate business.

Whether you need to be registered for GST to get a commercial finance loan depends on the lender and the loan amount.

When Do Lenders Require GST Registration?

• Turnover Over $75,000/year → If your business earns more than $75,000 annually, you’re legally required to be GST registered, and most lenders will check for this.
• Loan Amount & Lender Policy → Some lenders require GST registration for loans above a certain threshold (e.g., $50,000+), even if your turnover is lower.
• Business Type → If you’re a sole trader or freelancer with a turnover below $75,000, some lenders may still approve your loan without GST registration.

The interest rate will depend on various factors such as the lender, loan type, age of the asset, security provided, and your credit score.  With over 40 available lenders, we will stive to find the best cost option for your requirements.

STEP 1 – Through an initial discussion and some simple questions, our team will take the time to understand you, your business and your requirements.

Step 2 – We will identify the best options that cover your requirements.

Step 3 – We present these options to you and get your approval to proceed.

Step 4 – We collect the required information and your application is submitted to the relevant lenders.

Step 5 – Obtain pre-approval / approval and proceed to settlement.

We have a range of low-doc and rent-to-own options that can help clients with low credit scores. 

The information required can vary, but the minimum information to start with is:

• ABN
• Identification documents (Driver’s license, Medicare)
• Signed privacy form

Yes, making a commercial finance loan application can affect your credit score, but it depends on the type of inquiry and how frequently you apply. 

All our applications are vetted carefully by our specialist team prior to submission.  This will ensure accuracy, success and protection of your credit score. 

If you’re on a visa, your options may be more limited, but it’s still possible.  Lenders will assess your visa type, visa expiry date, financial stability and security before approving a loan. 

With over 40+ lenders available, we have the ability to find the best possible solution for your finance requirements. 

Yes, we have lenders that specialise in start-up business loans.  We pride ourselves in being part of your journey from a start-up to successful business owners. 

Low-doc requirements include a registered ABN and a good credit history.  Enquire to check if you qualify.