Key highlights
- Many lenders will consider ABNs under 12 months
- Personal credit, deposit and GST status weighed
- Vehicle type and industry background also matter
- Comparing lenders is key as policies vary widely
- Simon Kendrick compares 80+ lenders for your ABN
Twelve months is a common milestone in lender policy, so having an ABN just under that mark is a frequent scenario. It does not rule out finance, though it may shape which lenders are the best fit for your business vehicle.
Finance with an ABN under 12 months?
Many lenders view 12 months of trading as a helpful threshold, but a good number will consider applications below it. For an ABN under 12 months, some lenders may still consider eligible applicants, subject to lender criteria and the overall strength of the application.
What supports the application?
As with all newer ABNs, lenders may weigh your personal credit, deposit, vehicle type, GST registration status and industry background. A few months of consistent bank statements can help show cash flow where full financials are not yet available.
Why compare lenders for a new ABN?
Because policies vary widely across the market, an ABN under 12 months old may receive quite different responses from different lenders. Comparing across a broad panel helps surface the options that genuinely accommodate your trading history.
Simon Kendrick at Overdrive Business Vehicle Finance compares 80+ lenders for ABNs under 12 months. Request an indicative, obligation-free quote to see which options may suit your business.
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