Getting a Loan on a New ABN
Some lenders want two years of trading, but not all. A newer ABN can still get approved when the rest of the picture is strong: experience in the same industry, clean personal credit, a deposit, and a trailer with good resale value.
Open a business bank account from day one so your income is easy to see, and keep any contracts or work offers handy. For transport businesses, our sister site covers new ABN trailer finance in more depth.
Key Details
ABN AgeDay one in many cases
Trading HistoryNot always required
Key FactorTrailer resale value
Personal CreditAlso assessed
Popular TypesCurtainsiders, utes, standard trailers
Common Questions
Yes for many popular trailer types. Lenders are more willing to approve day-one ABN applications for trailers with strong resale markets because the asset provides solid security even without trading history.
Good personal credit history, relevant industry experience, any signed transport contracts, and choosing a popular trailer brand with a strong resale market.
Not always. Many popular trailer types are funded at 100% for new ABN holders with good personal credit. A deposit can help in more complex situations.