Finance the Ride / Horse float finance
Can You Get Horse Float Finance With an ABN But No Business History? 🏇💰
🚛 Can You Get Horse Float Finance with an ABN But No Business History? Yes! Some lenders offer ABN loans for new business owners, even if you haven’t been operating for long. Approval depends on: ✅ How long your ABN...
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🚛 Can You Get Horse Float Finance with an ABN But No Business History?
Yes! Some lenders offer ABN loans for new business owners, even if you haven’t been operating for long. Approval depends on:
✅ How long your ABN has been active
✅ Whether you’re GST-registered (some lenders require it)
✅ Your personal credit score
✅ The type of loan (secured vs unsecured)
💡 Tip: Some lenders require an ABN to be active for 6+ months before approving finance.
🏦 How This Buyer Secured Horse Float Finance with a New ABN
A 31-year-old trainer registered an ABN for an equine transport business but had no financial history. They still secured finance by:
| 🔑 Strategy | ✅ How It Helped |
|---|---|
| 📑 Applying for a low-doc loan | Avoided the need for full financials |
| 🚛 Using a secured loan | Offered the horse float as collateral |
| 💰 Providing a 20% deposit | Reduced lender risk, increasing approval chances |
| 📆 Showing other income sources | Proved they could afford repayments |
💡 Tip: If you don’t have business financials, lenders may assess your personal income and credit score instead.
📋 How to Improve Your Chances of Approval with a New ABN
If your ABN is new, follow these steps to increase your approval odds:
| 🔑 Step | ✅ What to Do |
|---|---|
| 📑 Keep Your ABN Active | Some lenders require at least 6+ months of ABN history |
| 🚛 Consider GST Registration | Some lenders prefer businesses earning over $75,000 per year |
| 💰 Choose a Secured Loan | Using the horse float as collateral reduces risk |
| 📆 Show Personal Income | If no business history, lenders may check other earnings |
| 📉 Improve Your Credit Score | A higher personal credit score helps approval chances |
💡 Tip: Even if your ABN is new, offering a deposit can increase lender confidence.
🏆 Best Loan Options for New ABN Holders
Lenders offer various finance options depending on business experience and collateral availability.
| 🔑 Loan Type | ✅ Best For | 📉 Interest Rate (Typical) |
|---|---|---|
| 🚛 Secured ABN Loan | New business owners with collateral | 6–12% p.a.* |
| 💰 Low-Doc Loan | Self-employed buyers without full financials | 7–15% p.a.* |
| 📆 Chattel Mortgage | Business owners needing tax benefits | 6–10% p.a.* |
| 📉 Guarantor Loan | Borrowers with no business history but a co-signer | 6–12% p.a.* |
💡 Tip: A chattel mortgage is a great option for business owners looking for tax benefits.
(*Rates vary based on lender and credit profile.)
💳 Why a Finance Broker Can Help New ABN Holders
A finance broker can:
✅ Find lenders that accept new ABN holders
✅ Assist with low-doc applications for faster approval
✅ Compare business loan vs personal loan options to get the best rate
🔑 Final Thoughts
Even with a new ABN and no business history, you can still secure horse float finance by choosing a secured loan, proving personal income, or opting for a low-doc loan.
🚀 Need horse float finance for your new business? Get expert advice today!
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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.
About this guide. Written by the Finance the Ride team and last updated . It's general information for Australian borrowers, not financial advice, and doesn't take your circumstances into account. Finance the Ride is a referral service: we don't lend money or hold an Australian Credit Licence. About us