Van Finance for New Businesses and New ABNs

Key highlights

• New ABNs can still be eligible, subject to lender criteria
• Relevant experience and a deposit strengthen your case
• Criteria for new ABNs vary widely across lenders
• One broker finds lenders open to newly established businesses
• Obligation-free quote via a soft check

Can a new ABN get van finance?

Lenders generally like to see trading history, so a brand-new ABN can mean a more careful assessment. That said, many lenders do consider newer businesses, sometimes looking at your industry experience, the van itself and your personal financial position to build a fuller picture. A newly registered courier or trade business is not automatically excluded; it simply calls for matching to lenders comfortable with limited history.

How to strengthen a new business application

For a new business, a few things can help. Relevant prior experience in your field, a reasonable deposit, and choosing a van that is well suited to the work all support an application. Some lenders offer low-doc pathways that suit newer operators who do not yet have financial statements. The aim is to present your business as a considered, viable operation rather than a standing start.

Which lenders accept new businesses?

Criteria for new ABNs vary widely across lenders. Simon Kendrick can identify lenders on the Overdrive panel who may consider a newly established business and help structure the application. For tax and structure questions as you set up, check with your accountant or registered tax adviser. Approval remains subject to lender criteria.

New ABN and need a van to get moving? Overdrive can prepare an obligation-free, indicative quote. The enquiry is a soft check with no impact on your credit score. Reach out to Simon to explore your options.