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Loans For ABN Holders

Jan 25, 2023 | Insights

Whether you’re a start-up looking for financing or a small business looking to expand, a business loan for ABN holders can help a great deal.
The Australian Business Number (ABN) is a unique 11-digit identifier issued by the Australian Business Register, operated by the Australian Taxation Office.
If you are unaware of what an ABN loan is and the benefits it can provide for your business, don’t worry! In this article, we’ll lay out the most important details you need to know about ABN holder loans, how to secure one and how Finance One can get you the funding you need even with a bad credit score.

We want to help you!

Feel free to contact us and speak to one of our financial experts to see how we can get you the personalised business loan you need!

Apply Online Now

What is an ABN Loan?

An ABN loan is a business loan specifically designed for Australian Business Number (ABN) holders. It is specifically tailored to meet the needs of businesses, providing them with access to the capital they may not have had otherwise.
ABN holder loans are a great way for businesses to access funds quickly and easily. These loans provide businesses with fast access to capital, often within 48 hours. This can be important for businesses that need to purchase equipment, such as business cars or heavy machinery, or those in a financial bind and need funds quickly.

Why do I need an Australian Business Number (ABN)?

All businesses operating in Australia must obtain an ABN to conduct their business activities and be eligible for certain government benefits, such as tax concessions and grants. You must also provide your ABN when dealing with other businesses and government departments.

What are the requirements for getting an ABN loan?

The requirements for obtaining an ABN loan vary depending on the lender. Generally, however, there are a few common requirements that you will need to meet in order to qualify for an ABN holder loan:

  • You must have an active and valid Australian Business Number (ABN).
  • Your business must be registered with ASIC (Australian Securities and Investments Commission).
  • You must have been operating your business for at least two years.
  • You must have a good credit rating and no outstanding debts with the ATO or other government agencies.
  • Your business must be generating revenue.

What if I haven’t had my ABN for two years?

If you haven’t had your ABN for two years, that won’t be a problem for Finance One. To secure a business loan for ABN holders, we only require that you’ve had your ABN for six months and possess a consistent source of income. We believe that businesses have a right to access the capital they need, regardless of their history.

How much can I borrow, and what can I use it for?

Finance One offers business loans for ABN holders for as much as $8,000 to $150,000. Note that $75,000 to $150,000 must be properly backed. You can also enjoy fast processing and approval times, personalised payment plans and the  availability of our seasoned finance experts.

What if I have bad credit or a poor credit score?

A bad credit rating doesn’t mean your business won’t be approved for a loan. At Finance One, we understand that businesses need access to capital to grow and thrive, regardless of their credit history. That’s why we offer specialised bad credit business loans for ABN holders with less-than-perfect credit ratings.

Where can I find an ABN loan?

Finance One is the fastest and most convenient way to get an ABN loan for your business. We understand how important access to capital can be for businesses, especially during difficult times. That’s why we offer personalised ABN holder loans for businesses, regardless of their credit history or current financial situation.

Let Finance One get you the finance you need

Our team is here to help ensure you have a successful and stress-free borrowing experience. Feel free to contact us and our team of finance experts will be more than happy to help.

Apply Online Now

Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.

Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528

Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent advice regarding your legal, financial, taxation or other needs, to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. All loan applications are subject to normal lending criteria. Fees and charges payable. Terms and conditions apply.

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