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Business Finance2026-07-262 min read

Business Loans for Transport Businesses

Whether you need working capital, equipment or growth funding, here is how business loans work for freight, delivery and trucking businesses and how to get approved.

SK

Simon Kendrick

Managing Director & Head Finance Broker, Overdrive Commercial Funding

Key Takeaways

  • Unsecured business loans from $10,000 to $500,000 for transport businesses — no asset security required.
  • Secured business loans from $100,000 to $5,000,000+ using trucks, trailers or property as security.
  • Low doc options available — ABN, bank statements and driver's licence only for loans up to $500,000.
  • Funds can be used for trucks, trailers and fleet vehicles, working capital, staff, materials, marketing or any business purpose.
  • Rates from 6.29% p.a. — compare across 80+ lenders with one free application.
  • Overdrive Funding arranges business loans Australia-wide. Our service is 100% free.

Transport businesses at every stage — from sole traders and startups through to established companies — need access to flexible funding. Whether you are buying trucks, trailers and fleet vehicles, bridging a cash flow gap, taking on a larger contract or expanding operations, a business loan can provide the capital you need without waiting for revenue to catch up to your ambitions.

At Overdrive Funding, we compare business loans for freight, delivery and trucking businesses across 80+ lenders, including banks, non-bank lenders and specialist commercial financiers. Our service is completely free — we are paid a referral fee by the lender after settlement.

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What Can Business Loans Be Used for in the Transport Industry

  • Purchasing or upgrading trucks, trailers and fleet vehicles
  • Bridging cash flow gaps between jobs or payment cycles
  • Taking on larger contracts requiring upfront material and labour costs
  • Hiring and training staff to support business growth
  • Marketing, technology and systems investment
  • Refinancing existing high-interest debt into a better structure
  • Emergency funding for unexpected costs or breakdowns

Low Doc vs Full Doc Business Loans

For transport businesses borrowing up to $500,000, low doc loans are available with just an ABN, driver's licence and 3-6 months of bank statements — no tax returns or financial statements required. Above $500,000, most lenders require 2 years of tax returns, profit-and-loss statements and a current balance sheet. Having your documents ready speeds up approval significantly.

How Quickly Can a Business Loan Be Approved

For low doc applications under $500,000, same-day conditional approval is common. Full doc applications typically take 48-72 hours once all documentation is submitted. Funds can be in your account within 24-48 hours of formal approval. Overdrive Funding manages the entire process — you deal with one contact from application to settlement.

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Frequently Asked Questions

Common questions about this topic, answered by Simon Kendrick.

How do unsecured business loans work in Australia?

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Unsecured business loans provide working capital without requiring property or equipment as security. Non-bank lenders assess your business bank statements and revenue to determine how much you can borrow, at what rate and over what term.

What is the difference between a secured and unsecured business loan?

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A secured loan uses collateral such as property, equipment or invoices as security, typically offering lower rates and higher amounts. An unsecured loan requires no collateral but generally carries a higher rate to reflect the increased lender risk.

How are unsecured business loan repayments structured?

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Most non-bank unsecured loans use daily, weekly or monthly repayments automatically debited from your business account. The repayment frequency and structure vary between lenders and products.

What can I use an unsecured business loan for?

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Most unsecured business loans have no restrictions on use for legitimate business purposes including working capital, stock, marketing, wages, equipment, fit-outs, ATO debt or business growth.

What is a business line of credit and how does it work?

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A line of credit provides access to a pre-approved credit limit that you draw on as needed, paying interest only on the amount drawn. It is well-suited to managing cash flow gaps or short-notice business opportunities.

What is the minimum revenue required for an unsecured business loan?

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Revenue requirements vary between lenders. Most non-bank lenders look for consistent monthly revenue above a minimum threshold, assessed across your recent bank statements. We can assess your eligibility without a formal credit enquiry.

What is the maximum loan term for an unsecured business loan?

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Unsecured business loan terms typically range from 3 to 24 months. Some lenders offer longer terms for larger amounts or established businesses. Longer terms reduce repayments but increase the total interest paid.

Can I get an unsecured business loan if my business is seasonal?

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Potentially. Some lenders offer flexible repayment structures suited to seasonal businesses. Providing 12 months of bank statements helps demonstrate your actual annual income including seasonal fluctuations.

What is the fastest way to get an unsecured business loan approved?

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Having 3-6 months of business bank statements, ABN details and your driver licence ready to submit together allows for a faster assessment. Applying through a broker who matches your profile to the right lender can significantly speed up the process.

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  • One application, multiple options
  • Approved in 24–48 hours, valid for 90 days
  • $0 down, no additional security and no financial options
  • Loans for all credit profiles and ABN lengths
  • 100% free service — no hidden fees or costs, ever
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Simon Kendrick — Managing Director, Overdrive Commercial Funding

Simon Kendrick

Managing Director & Head Commercial Finance Broker | Overdrive Commercial Funding

Simon Kendrick is the Managing Director and Head Commercial Finance Broker at Overdrive Commercial Funding, an Australian family-owned commercial finance brokerage backed by over 30 years of industry experience.

Specialising in truck finance, vehicle finance, machinery and equipment finance, business loans and commercial lending, Simon helps Australian businesses secure competitive interest rates, flexible repayment terms and tailored funding solutions through a panel of 80+ banks and non-bank lenders.

Unlike traditional brokerages, Simon personally works with every client from initial consultation through to settlement and beyond. No call centres, no handovers and no constantly changing brokers. Clients deal directly with Simon, building a trusted, long-term relationship with the same finance broker for the next 5, 10 or more years.

Whether you're a sole trader, new ABN holder, growing business or established company, Simon provides consistent, personalised service and ongoing finance support as your business evolves.

FBAA MemberAccredited with Major Banks and 80+ Lenders30+ Years' Industry Experience5.0-Star Rated on Google

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