Thousands of ABN Holders Eligible For Reduced Rate
Debt Consolidation Loans For Their Business
- Business Debt Consolidation Finance from $10,000 to $1mil+
- Specialist finance for active ABNs – Available to all industries
- Qualify for more than initially thought or at a better rate
- No deposit, 100% tax deductible options
- Lowest rates across 70+ lenders & banks
Get Pre-Approved in Less Than 60 Seconds
Finance to support business owners
No Hassle Consolidation Finance for Australian Businesses
Credit Score Protection: Genuine approvals without impacting
your credit score.
Highest Approval Rates: Assistance for those with minor credit impairments – Less than perfect credit is okay
No Buying Restriction: No purchase restrictions on industry, location, equipment or vehicle age
No Financials Needed: Experts in low doc, no doc finance – Specialist finance for ABN holders
How it works
Get a FREE quote
Fill in our quick 60 second form for pre-approval
Get the BEST finance
Based on your information we will compare finance across our panel of lenders and provide you with the best loan options available.
Get FUNDING
Pick and finalise finance.
Minimum Finance Requirements
Are over 18
Have a current and valid drivers licence
Are an Australian resident or citizen
Have a valid ABN or ACN (new or existing)
Flexible Finance For All Types of Vehicles & Equipment
Trucks
Utes
Cars
Vans
Trailers
Construction
Agriculture
Earthmoving
Equipment
Other
Debt Consolidation Finance
Advantages For Businesses
That Many Don’t Know
If you are self-employed or a business owner looking for a debt consolidation loan for your business, you can access exclusive finance rates for ABN holders only. Compare debt consolidation loans across 70+ lenders and take advantage of extended tax benefits and more! Get specialised assistance covering all loan types from no deposit options to different low doc solutions for new or existing ABNs.
Consolidate any type of business debt.
Quickly calculate and find your best business debt consolidation loan options with no impact to your credit score!
- 1 day business continuance ABN
- Larger balloons & more flexible terms
- Lowest rates through direct lender negotiations
- ABN loan options with no credit check
- Easy low doc replacement policies
- Low doc to $100k for new ABNs
- Low doc to $250k for ABNs + home owner
Business Debt Help For ABN Holders
At Comparison Australia we make business debt consolidation loans for ABN holders simple. No hassle for all businesses regardless of size, time in business, industry, or location.
Access the best debt consolidation loans for businesses & get the lowest rates across 70+ lenders & banks.
Lenders Supporting Business!
- GST & tax breaks for ABN holders
- No deposit or paperwork options
- Approvals & funding in as little as 24hrs
- Secure or unsecure loans
- Consolidate business debt into one low payment
Applying For Business Debt Relief Finance
People also asked
What is the best way to consolidate business debt?
An unsecure business loan can be a quick and straightforward way to consolidate debt to a lower rate. Access a range of debt consolidation finance options for your business.
Comparison Australia’s partners have access to the lowest rate provide by 70+ lenders and banks including equipment finance specialist.
At them moment, the lowest advertised rate for business finance across our extensive list of lenders is 3.65% PA.
If you wish to speak to a finance specialist, please contact us and we’ll be happy to answer any questions. Alternatively you can check eligibility for a business debt consolidation loan here.
What are the main reasons businesses get declined for a business debt consolidation loan?
The main reasons a business owner may get knocked back from finance include:
– ABN age and activity. Those with a short trading history may not be able to demonstrate steady income. (However there are instance where 1 day ABN’s or business continuance can be approved due to prior history)
– Not being GST registered will reduce options, often reducing the amount a lender will provide.
– Poor credit or banking conduct. Low running balances, late fees or dishonours will often lead to a decline in funding.
– Negative or low cash flow will impact serviceability resulting in declines. The business must show the capacity to repay the loan on top of general business running costs.
– Business in liquidation or being de-registered by the government will not be able to borrow.
The above are some of the more common reasons a business will not qualify for finance. By speaking with a Comparison Australia partner, they will be able to quickly outline potential options if your dealing with any or multiple points above. Whilst borrowing options will be reduced or tricky, there still may be specialist lenders willing to provide funds.
How do I get out of business debt fast?
Depending on the amount of debt and business trading activity, a debt consolidation loan can be a quick way to payoff creditors and streamline finance to one repayment. In addition, consolidating to a lower rate can save you thousands in interest payments.
Unsecure business finance can be funding in as little as 24 hours making consolidation a very quick option.
Comparison Australia’s partners have access to the lowest rate provide by 70+ lenders and banks including equipment finance specialist.
At them moment, the lowest advertised rate for business finance across our extensive list of lenders is 3.65% PA.
If you wish to speak to a finance specialist, please contact us and we’ll be happy to answer any questions. Alternatively you can check eligibility for a business debt consolidation loan here.
How long does a business need to be trading to get a debt consolidation loan?
Most lenders prefer your ABN be active for at least two years. However, there are certain lenders that will accept 1 year ABN’s or less based on different circumstances such as ‘business continuance’ or strong cash flow.
A quick chat with Comparison Australia partners can provide current options across different lenders and their ABN length requirements.
What are business consolidation loan requirements?
The below are general requirements a lender may request.
You’ll first have to confirm that:
– You are a active ABN holder
– That the finance will be used for business purposes
Proof of Identity (one or multiple of the following)
– Drivers licence
– Passport or Proof of age card
– Valid Medicare card
– Valid credit card or debit card
– Can also use a valid Veteran card
Documents can include any of the following:
– Proof of residence via a rates notice
– Financial statements (ideally from an accountant)
– Bank statements (generally 2 months, possibly more)
– Recent Business Activity Statement (BAS)
– ATO Tax Agent portal report (generally for a trading period)
– Accountants letter confirming business activity
– Depending on trading structure: Income tax return and/or Personal tax return (1 financial year)
Other documents may be requested based on individual business circumstances. For those that may have a difficult time producing these documents, a low or half doc loan may be preferred.
Speak to a Comparison Australia partner to quickly learn about ABN finance options and what documents will be needed.
We can also provide detailed information on low doc & half doc finance options to remove the hassle of documentation.
How long can I have business debt loan for, what are term lengths?
There are lenders that provide terms to 7 years. However, borrowers on different terms can possibly refinance their loan after a certain period.
If you wish to speak to a finance specialist, please contact us and we’ll be happy to answer any questions.
How fast can I get a business debt consolidation loan?
Depending on lender and what your after, there are very quick turnaround times for unsecure business loans. In certain circumstances borrowers can receive unsecure funds in the same day or within 24 hours. Borrowers after a secure loan for a vehicle or equipment can get funding as quick as 24 to 48 hours.
Quick funding is dependant on having all documents required by the lender ready to go for immediate assessment and approval.