How Sole Traders Are Assessed
As a sole trader, you and the business are the same in a lender's eyes. They'll look at how long your ABN has been active, your business bank statements, tax returns or BAS, your personal credit and your other debts.
If your tax returns are behind, low doc options use bank statements and BAS instead. If you're newly self-employed after working in the same trade, some lenders will take that experience into account.
Key Details
EntitySole trader / ABN holder
DocumentsABN + bank statements
Tax ReturnsNot required on low doc
ApprovalOften 24–48 hours
TrailersAll major types funded
Common Questions
No. Low doc trailer loans specifically cater to sole traders and self-employed operators. Bank statements showing regular income and an active ABN are typically sufficient.
The assessment is similar — lenders look at income, the trailer's value and your credit history. Sole traders are assessed on personal credit alongside business income, which specialist lenders understand.
Yes. New sole traders are considered, particularly for popular trailer types with strong security values. Good personal credit history helps significantly.