Equipment loan · New businesses under 12 months
Equipment loan for new businesses under 12 months
New businesses trading under 12 months have fewer lender options, but equipment finance secured by the asset and small unsecured loans from 6 months of trading are available on our panel.
How a equipment loan works for new businesses under 12 months
For a new business the asset does the heavy lifting: lenders are more comfortable funding a ute or machine they can secure than an open-ended cash loan, and property ownership by the director widens the panel.
The cash-flow pattern we plan around
Uneven early revenue while a customer base builds.
What new businesses under 12 months typically fund
- First vehicle or equipment
- Initial stock
- Working capital while invoices ramp up
Equipment loan for new businesses under 12 months: the numbers
| Typical amounts | $5,000 – $5,000,000 |
|---|---|
| Term | 12–84 months |
| Indicative rates | 6.9% – 16% p.a. |
| Repayments | Monthly |
| Speed | Same day to 48 hours for low-doc |
| Documents new businesses under 12 months usually need | ABN and GST registration · All bank statements since trading started · Evidence of contracts or bookings |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
Business loans for new businesses
Business loans for new businesses are typically limited to asset-backed equipment finance or small unsecured loans once 6 months of trading and consistent deposits are visible. Startups with no trading history are usually assessed on the director’s personal position.
What is equipment finance?
Equipment finance is any loan or lease used to acquire business equipment, with the equipment typically serving as security. The main structures in Australia are chattel mortgages, finance leases and rentals.
Low-doc equipment finance
Low-doc equipment finance approves smaller amounts (often up to $150,000–$250,000) without full financials, relying on ABN age, GST registration, credit history and sometimes a property-owner declaration.
Questions from new businesses under 12 months
Am I eligible for an unsecured business loan?
We compare options for Australian businesses. Lenders look at factors such as trading time, turnover, cash flow, credit history and the amount you need. Tell us about your business and we will explain which options may fit. There is no single minimum that applies across every lender on our panel.