🚛 Can a New Business Get Horse Float Finance?
Yes! Even if your business is new or less than two years old, you can still qualify for horse float finance. However, since start-ups have no trading history, lenders may require:
✔️ A registered ABN (Australian Business Number)
✔️ Proof of income or future contracts
✔️ A deposit or business assets as security
✔️ A guarantor or personal financial backing
If your business involves horse transport, riding lessons, or equestrian events, a horse float is an essential asset, making finance a great option.
🏦 How Lenders Assess Horse Float Loans for New Businesses
Since new businesses have limited financial history, lenders look at alternative factors when approving finance:
| 🔑 Factor | Why It Matters | How It Affects Approval |
|---|---|---|
| 📑 ABN Registration | Proves your business is legally established | Must be registered for 6–12 months for better approval odds |
| 💰 Business Income | Shows ability to afford repayments | If income is low, a guarantor may be required |
| 🚛 Loan Security | Using the horse float as collateral lowers risk | Secured loans have better approval chances |
| 📆 Deposit Amount | A larger deposit reduces lender risk | 10-30% deposit can improve approval chances |
| 📉 Personal or Business Credit Score | Shows repayment reliability | A strong credit score can help new businesses qualify |
💡 Tip: If your business is under 12 months old, applying for a low-doc or secured loan may improve your chances.
📋 Best Horse Float Finance Options for New Businesses
Here are some loan options that work well for start-ups and new business owners:
| 🔑 Loan Type | How It Works | Best For |
|---|---|---|
| 🚛 Secured Business Loan | Uses the horse float as collateral for lower rates | New businesses needing lower repayments |
| 💰 Chattel Mortgage | Business loan with potential tax benefits | Start-ups planning to use the float primarily for business |
| 📆 Low-Doc Loan | Requires minimal financial documentation | Self-employed business owners with limited tax records |
| 📉 Guarantor Loan | A personal or business guarantor backs the loan | New businesses with low income but strong financial backing |
💡 Tip: If you’re a start-up with no financials, some lenders accept future contracts or projected income as proof of repayment ability.
🏆 Pros & Cons of Horse Float Finance for New Businesses
✅ Pros:
✔️ Helps new businesses acquire essential equipment without upfront costs
✔️ Secured loans offer better interest rates than unsecured options
✔️ May offer tax benefits on interest and depreciation
⚠️ Cons:
❌ Higher approval requirements for start-ups without financial history
❌ May require a deposit, guarantor, or business asset as security
❌ Interest rates may be higher for new businesses
💳 Why a Finance Broker Can Help New Businesses Get Approved
A finance broker can:
✅ Find lenders that offer start-up business finance
✅ Help structure a loan with affordable repayments
✅ Assist with low-doc or secured loan options for new businesses
🔑 Final Thoughts
New businesses can qualify for horse float finance, but approval is easier with an ABN, a secured loan, or a deposit. If you don’t yet have a strong financial history, working with a finance broker can help you find lenders that specialize in start-up business finance.
🚀 Starting a new business and need horse float finance? Get expert advice today!
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
