Key highlights
- There's no single required trading period
- Some lenders prefer a couple of years, others are flexible
- Low-doc products may suit newer businesses
- The right lender match makes a real difference
- Soft-check quote to see where you stand, no credit impact
A common question from newer business owners is how long you must be self-employed before a lender will help. There is no single answer, because policies differ across the market.
How long must you be self-employed?
Some lenders prefer to see an ABN active and trading for a period, often a couple of years, before offering standard terms. Others are more flexible and may consider shorter histories for eligible applicants.
What options exist for newer businesses?
If you have only been self-employed for a short time, low-doc products or lenders with a newer-business appetite may be worth exploring. Prior experience in the same industry, a solid credit file and a reasonable deposit can all help.
Why does lender choice matter?
Because the required trading period varies so widely, the right lender match can make a real difference. Overdrive compares 80+ lenders to find those suited to your stage of business. For tax questions, check with your accountant or registered tax adviser.
How do you see where you stand?
Simon Kendrick can review your trading history and outline indicative options. Request a soft-check quote with no impact on your credit score.
Ready to compare cheap rates?
Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.