There is an old banking myth: "If you haven't been in business for 2 years, you can't get a loan.
In 2026, this rule is dead. While the "Big 4" banks remain conservative, the Tier-2 and specialist lender market is booming with appetite for startups and new ABNs. They understand that every great business starts at Day 1.
The "Asset-Backed" Solution
Lenders view risk differently depending on what you are buying.
- Low Risk: If a startup transport company buys a brand new Prime Mover, the lender has strong security. If the business fails, they can sell the truck. Because of this security, they are often willing to lend to a Day 1 ABN holder.
- High Risk: Unsecured cash loans for marketing are much harder for startups to get.
Experience is Currency
Lenders look at the person, not just the ABN. If you have just started your own plumbing business, but you have 10 years of experience as a qualified employee, that counts. We package your resume and industry certifications with the application to prove you know what you're doing.
Low Doc Options
You don't have tax returns yet? No problem.
- Bank Statement Loans: Lenders assess your serviceability based on the cash flow in your business bank account over the last 6 months.
- No Doc: For smaller assets (e.g., a vehicle under $50k), some lenders require no financial proof at all if you have a clean credit file and home ownership.
Don't let a new ABN hold you back. Contact Geared Finance today—we have lenders ready to back your start-up journey.
