What 40+ Lenders Taught Us About Getting Approved Fast

When you’ve worked with over 40 lenders across Australia, from major banks to boutique equipment finance specialists, you start to see patterns. Some applications fly through with same-day approvals. Others drag for weeks, even with strong financials. 

At Thrift Capital, we’ve made it our mission to understand how each lender works, what they prioritise, and how to position our clients for the fastest possible approvals. If you're in the market for business equipment financing, vehicle loans, or working capital, here’s what we’ve learned about getting to “yes” faster, smarter, and with fewer headaches. 

Lenders Love Clarity 

The single biggest differentiator between a fast approval and a long wait is clarity. 

Lenders don’t have time to chase missing documents or guess at the purpose of your loan. They respond best to well-organised submissions that clearly explain: 

• Who you are 

• What your business does 

• How much you need 

• Why you need it 

• How you’ll repay it 

Clarity builds trust. It shows you understand your business and are serious about your loan request. 

Tip: Before submitting, have an equipment finance broker review your application. At Thrift Capital, we do this with every client, often cutting days off the turnaround time. 

Fast Approval Starts With the Right Lender 

Each lender has its own appetite. 

Some specialise in low-doc equipment finance for business owners with ABNs. Others want full tax returns, BAS statements, and multiple years of trading. Some welcome startups and sole traders, while others prefer businesses with property backing. 

If your application goes to the wrong lender, you’re not just wasting time—you could also be damaging your future lending prospects. 

At Thrift Capital, we match your profile and asset type with lenders who: 

• Specialise in your industry (transport, construction, trade, hospitality) 

• Are actively approving applications in the current market 

• Offer the most flexibility on documentation requirements 

It’s not about the cheapest rate on paper. It’s about choosing the lender most likely to approve you fast. 

Documentation: Less Can Be More 

While full-doc lending is still the gold standard, many lenders now offer low-doc and alternative equipment financing solutions, especially for vehicles, machinery, and business equipment. 

If you have: 

• A valid ABN 

• Clean business bank statements (3–6 months) 

• Good personal ID 

…you can often be approved without full financials. 

This is ideal for: 

• Owner-operators without updated tax filings 

• Fast-moving purchases like trucks or excavators 

• New businesses with short trading histories but strong turnover 

Bank Statements Reveal More Than You Think 

Lenders don’t just look at income—they look at how you manage it. Your statements tell a story: 

• Is your revenue consistent? 

• Do you maintain healthy balances after expenses? 

• Are there frequent dishonours or overdrafts? 

• Do you transfer funds responsibly? 

Clean statements can sometimes outweigh weak financials, and they often support higher borrowing limits without extra collateral. 

Speed Comes From Decision Makers, Not Just Documents 

Many banks operate under rigid processes. Even with the right paperwork, your application may sit untouched for days. 

Working with a broker gives you access to underwriters and credit teams who prioritise broker-submitted files. At Thrift Capital, we don’t just submit and wait—we follow up, escalate when needed, and secure real-time feedback. 

That’s why many of our clients secure equipment finance for business in under 48 hours. 

Final Word: Fast Doesn’t Mean Rushed 

Speed matters, but not at the cost of smart financing. 

Getting approved fast means: 

• Choosing the right lender 

• Packaging the deal correctly 

• Submitting clean documents 

• Working with an equipment finance broker who understands the system 

That’s what 40+ lenders have taught us. 

When you’re ready for smarter, faster equipment financing, we’re here to help. Use our equipment finance calculator to explore repayment options, then talk to a Thrift Capital broker about the best strategy for your business. 

The Hidden Cost of Paying Cash vs. Using Asset Finance

For many business owners in transport, construction, and trade, paying cash for equipment feels like the safest choice. You avoid debt, skip the paperwork, and walk away with a fully owned asset—clean and simple. 

But is it really the smartest financial move? 

Not always. 

The real cost of a cash purchase isn’t just the price of the truck, excavator, or ute. It’s the opportunity cost of locking up your capital in a single transaction. And in today’s climate, where cashflow is king, that decision can slow down your growth far more than you realise. 

The Power and Problem of Paying in Full 

Imagine spending $80,000 cash on a new Isuzu Pantech truck. You drive away with a valuable asset, but your reserve is gone overnight. 

That same $80K could have been used to: 

• Hire staff to win larger contracts 

• Pay down tax debt and avoid ATO penalties 

• Cover operational gaps during slower months 

• Invest in marketing, automation, or systems to grow revenue 

You’ve gained an asset—but lost liquidity. And when cash is tight, being asset-rich but cash-poor can put your business at risk. 

What Asset Finance Offers Instead 

With truck finance or equipment finance, you still take ownership of the asset on day one. But instead of draining your savings, repayments are spread across a manageable term, often structured around your business’s cashflow. 

This gives you: 

• Immediate access to the truck, excavator, or equipment 

• Flexible repayment options aligned with income cycles 

• Capital left in the bank to support growth 

It’s not just a loan. It’s a way to protect your working capital while expanding your capabilities. 

Interest vs. Opportunity 

Yes, financing means paying interest. But the cost of financing often pales in comparison to the opportunities lost when cash is tied up. 

When you use equipment financing, you’re buying flexibility. You’re giving your business room to move, adapt, and respond to new contracts or growth opportunities without running on empty. 

Tax Benefits That Matter 

Financing doesn’t just preserve cash—it can also deliver tax advantages. 

If you’re registered for GST, you may be able to claim the GST on the purchase price in your next BAS. Add to that potential deductions on interest and depreciation, and equipment finance for business can become even more cost-effective. 

For businesses considering renovations or upgrades, fit out finance works the same way—helping you spread costs while benefiting from tax efficiencies. 

Cash Isn’t Free 

Cash in business isn’t “free.” It’s your safety net, your growth engine, and your runway. Once it’s spent, it’s no longer available to cover unexpected expenses or seize new opportunities. 

Being cash-poor at the wrong time can cost more than any interest rate ever will. 

Why Work With Equipment Finance Brokers 

Not all finance solutions are the same, and not all lenders move quickly. That’s where equipment finance brokers like Thrift Capital make the difference. 

We work with over 40 lenders across Australia and understand how each of them assesses applications for truck finance, equipment loans, and fit out finance. Our brokers know which lenders offer low-doc approvals, who will work with new ABNs, and how to structure your repayments so they align with your cashflow. 

Thrift Capital’s Take 

At Thrift Capital, we help clients in transport, construction, trade, and hospitality make smarter finance decisions every day. Sometimes the right move is paying cash, but often, financing delivers better long-term outcomes. 

We don’t just look at interest rates. We consider your growth goals, your seasonal cashflow, and your expansion plans. Our role as equipment finance brokers is to match you with a finance solution that works for today while setting you up for tomorrow. 

The Bottom Line 

Paying cash might feel quick, but it’s not always the smartest path. 

Financing your next purchase—whether it’s truck finance, equipment finance, or fit out finance—gives you more than an asset. It gives you flexibility, preserved capital, and the ability to keep growing without draining your reserves. 

Before you spend your savings, speak with a broker who understands your industry. At Thrift Capital, we’ll help you weigh the cost, explore your options, and secure a solution that keeps your business moving forward. 

Low-Doc Car Loans: How ABN Holders Get Approved Without the Paperwork Headache

Running a business is already a full-time job, especially when you’re self-employed or starting out with a new ABN. The last thing you need is endless paperwork just to access the finance that helps you grow. 

That’s where low doc car finance comes in. 

It’s designed for people just like you: ambitious, cashflow positive, but without years of tax returns or accountant-prepared statements. With the right approach, you can secure a low doc car loan and keep your business moving without unnecessary delays. 

In this guide, we’ll break down how low doc loans work, what makes them different, and how ABN holders across transport, construction, and trade are using them to finance vehicles and equipment faster, with less stress. 

What Is a Low Doc Car Loan — and Who Is It For? 

A low doc car loan (short for low documentation loan) is tailored for businesses and self-employed operators who may not have access to full financials. It’s a practical solution for: 

• Newly registered ABNs 

• Self-employed tradies and truck drivers 

• Small business owners managing week-to-week cashflow 

Instead of demanding years of financial statements, lenders look at what matters most: recent bank activity, consistent income, and how the car or asset will support your business. 

If you need to finance a ute, van, or company vehicle, a low doc business car loan can be one of the fastest ways to get approved. 

Why Traditional Banks Don’t Always Work for ABN Holders 

Walking into a bank with a new ABN and no tax returns usually leads to rejection or long delays. That’s not because your business lacks potential—it’s because banks follow strict policies that don’t allow flexibility for newer operators. 

Low doc lenders take a different approach. Instead of requiring years of paperwork, they may approve low doc car loans based on: 

• Recent business bank statements 

• Invoices or contracts showing active work 

• ABN registration details 

This means you don’t have to wait years before upgrading your work vehicle. 

What Documents Do You Need for Low Doc Car Finance? 

While requirements vary, most low doc car finance applications ask for: 

• An active ABN and business registration 

• 3–6 months of bank statements 

• Personal identification (driver’s licence or passport) 

• A clear loan purpose (such as purchasing a work ute, van, or company car) 

That’s often all it takes. Lenders focus on your ability to generate income and make repayments, not whether you’ve completed two tax returns. 

Why Low Doc Doesn’t Mean Low Quality 

Some think low doc business car loans are risky or expensive. The reality is that, when structured correctly, they can be one of the smartest finance options available. 

Clients use low doc car loans to: 

• Buy a new ute or van for contracting work 

• Upgrade from a personal vehicle to a business car 

• Expand fleets for delivery or trade services 

• Finance business cars without tying up cash reserves 

And unlike bank loans, which can drag for weeks, low doc car finance approvals often happen within 24–72 hours. 

Why Brokers Make All the Difference 

The key to success with low doc business car loans is choosing the right lender. That’s where an experienced broker like Thrift Capital comes in. 

We don’t just submit your application and wait. We: 

• Match your profile to lenders who understand your industry 

• Strengthen your application even with limited documents 

• Negotiate better rates and terms for your low doc car loan 

• Manage the process from start to settlement for faster results 

It’s why so many ABN holders across transport, construction, and small business choose us for low doc car finance. 

Why Waiting to Finance Could Cost Your Business More Than You Think

In business, timing can be the difference between growth and missed opportunity. It’s tempting to delay applying for finance, perhaps you’re waiting to tidy up the books, ride out a slow season, or build a longer trading history. But here’s the reality: 

Delaying a funding decision often costs more than making one. 

Whether you’re running a trucking fleet, managing a growing construction business, or expanding your café or trade services, waiting too long to access capital can mean: 

• Higher equipment prices 

• Missed contracts 

• Cashflow strain 

• Lost competitive edge 

At Thrift Capital, we’ve seen firsthand how smart, timely finance helps businesses move faster, seize opportunities, and stay ahead. Here’s what’s really at stake when you wait too long to fund growth.  

1. Equipment Costs Rise While You Wait 

If you’re holding off on financing that new truck, excavator, or machine, here’s the truth: equipment prices rarely go down. With inflation, supply chain challenges, and strong demand, waiting even six months could mean: 

• A higher purchase price 

• Less negotiating power 

• Limited stock availability 

Even used trucks and machines are retaining value in today’s market. Every month you delay is another month of rising costs and another month where that asset isn’t generating revenue for your business. 

Smart operators know that truck finance and equipment finance allow the asset to start paying for itself sooner. 

2. Opportunities Won’t Wait for Your Paperwork 

Landing a contract requires speed, readiness, and capacity. But what if a new project comes up and you don’t have the gear or cash to take it? 

We’ve seen businesses miss opportunities such as: 

• A logistics company losing a freight job because the extra vehicle wasn’t ready 

• A construction firm missing a council project while waiting for finance approval 

• A café delaying renovations and missing peak season without fit out finance 

Being unprepared leaves the door open for competitors. Having finance pre-approved gives you the confidence to say yes when it matters most. 

3. Waiting Until Cashflow Tightens Can Hurt Approval 

Many business owners wait until things are tough before seeking finance. But lenders are most cautious when your bank statements show: 

• Declining revenue 

• Missed ATO payments 

• Irregular cashflow 

At that point, you’re more likely to face: 

• Higher interest rates 

• Stricter loan terms 

• More document requirements 

• Slower approvals 

Applying when your financials are stable, even if not perfect, gives you better access to competitive car loans, truck finance, and equipment finance. 

4. Rates and Lender Criteria Can Change Overnight 

The finance market moves quickly. Lender appetite, credit criteria, and base rates often shift with the economy. By the time you feel “ready,” the deal you expected may no longer be available. 

Locking in equipment finance or truck finance when conditions are right can save thousands over the life of the loan. At Thrift Capital, we track these shifts daily to help clients secure the best timing. 

5. You May Already Qualify Today 

Many business owners assume they don’t qualify for finance because: 

• Their ABN is under two years old 

• They don’t have complete financials 

• They had past credit issues 

• They haven’t spoken to their accountant yet 

The truth is, you may already be eligible. 

Lenders today offer products for: 

• New ABN holders 

• Low-doc and alt-doc applicants 

• Equipment finance with minimal paperwork 

With just a few documents such as bank statements and ID, we’ve helped clients secure approvals within 24 hours. 

Finance Is a Strategic Tool, Not a Burden 

When used correctly, finance isn’t just debt—it’s leverage for growth. 

It allows you to: 

• Upgrade to a new prime mover with truck finance 

• Refinance high-interest debt into manageable repayments 

• Consolidate ATO obligations with tailored loans 

• Expand or renovate with fit out finance 

• Purchase vehicles through competitive car loans 

The right finance structure protects cashflow, supports growth, and keeps your business moving forward. 

Final Word: Momentum Matters 

Every week you delay a finance decision could mean lost income, higher costs, or missed opportunities. 

If you’re considering an upgrade, expansion, or restructure, now is the time to act. You don’t need perfect paperwork—you just need the right partner. 

Thrift Capital helps businesses assess options, fast-track approvals, and secure tailored solutions for truck finance, car loans, equipment finance, and fit out finance. 

📞 Talk to us today and move forward with confidence, before waiting costs you more. 

Why Using a Broker Can Save You Time (and Money) vs. Going Straight to the Bank

When you’re running a business in the transport, construction, or trades industry, getting finance quickly can be the difference between winning a contract or missing out. 

Many business owners naturally turn to their bank for loans. But banks are no longer the only, or even the best, option for asset finance, equipment purchases, or cashflow support. 

A trusted finance broker like Thrift Capital helps you cut through delays, navigate lender requirements, and secure better results—especially if you’re self-employed, ABN-only, or don’t have years of financials. 

Banks Are Slow. Brokers Are Strategic. 

Banks are heavily regulated, risk-averse, and designed for customers with long-standing financial records. If you’re a new ABN holder, a subcontractor, or had a tough tax year, your application could sit in limbo for weeks before being declined. 

Brokers work across a panel of lenders with different appetites, including those who: 

• Accept low-doc or alt-doc applications 

• Consider new ABNs with 6–12 months of trading 

• Offer flexible structures like chattel mortgages and balloon options 

• Understand industry-specific needs for trucks, trailers, machinery, and trade tools 

Instead of forcing you into a generic loan, we match you with a lender that suits your business. 

Real-World Example 

A construction client with an 8-month-old ABN needed to finance a second-hand excavator for a job he had just won. His bank required two years of financials. We secured approval in 48 hours using only his ABN, 6 months of bank statements, and the equipment invoice. 

That’s the advantage of broker-led finance. 

Save Time: One Application, Multiple Options 

Applying with multiple banks means multiple credit checks, which can harm your score. With a broker, we assess your situation once and only submit to lenders that are a good fit. 

At Thrift Capital, we: 

1. Assess your business needs and financials 

1. Match your profile with the right lender 

1. Package your application professionally to reduce back-and-forth 

1. Negotiate for better rates and terms 

1. Manage the process for a faster turnaround 

We don’t just tick boxes—we tell your story in a way lenders understand. 

Save Money: Better Deals, Better Structure 

Many believe brokers cost more. In reality, brokers can help you save by: 

• Knowing which lenders are offering rate specials 

• Structuring loans with balloon payments or GST-inclusive finance to reduce upfront costs 

• Avoiding unnecessary add-ons or unsuitable bank products 

• Looking at the total cost of ownership, not just weekly repayments 

The “lowest rate” is not always the best deal if it comes with strict conditions or long approval delays. 

Protect Your Credit Score 

Every loan application leaves an enquiry on your credit file. Multiple applications, especially rejections, can damage your score. 

Brokers protect your credit by checking eligibility first and only lodging when the chances of approval are strong. This is especially valuable when you need fast approvals for time-sensitive purchases like trucks or trailers for new contracts. 

More Than a Loan: A Finance Partner 

A bank offers you a product. A broker offers you a strategy. 

At Thrift Capital, we look beyond the loan in front of you. We work with clients long-term, helping with refinancing older debt, consolidating tax obligations, and leveraging asset finance for growth. Our goal is to make sure your finance supports your business strategy, not just today, but for years to come. 

Who We Help 

• New ABN holders financing their first truck or ute 

• Owner-operators expanding fleets or upgrading gear 

• Contractors and tradies with non-traditional income 

• Businesses managing ATO debt or cashflow pressures 

• Time-poor operators who can’t wait months for a bank decision 

Final Thoughts 

If speed, flexibility, and cost-effectiveness matter to your business, a broker is not just convenient—it’s a competitive advantage. 

At Thrift Capital, we help you move fast, protect your credit, and secure finance that works in the real world. Whether you need truck finance, equipment finance, machinery finance, or low doc equipment loans, our brokers know the lenders who can help. 

Let us guide you to smarter approvals, so you can focus on running your business. 

The Fast-Track Guide to Finance for ABN Holders

If you’ve got an ABN, you’re closer to approval than you think. 

When you’re self-employed or running a small business, timing is everything. Opportunities don’t wait for your second tax return, and cashflow doesn’t always run smoothly. Knowing your finance options as an ABN holder can make the difference between standing still and moving forward. 

At Thrift Capital, we speak with ABN holders every day, from delivery drivers and tradespeople to café owners and contractors, who are unsure if they qualify for finance. The good news? You often can, and much faster than you’d expect. 

This guide explains how ABN finance works, what lenders really want to see, and how to fast-track your approval without the delays and red tape of a bank. 

What Does Having an ABN Mean for Finance? 

An active ABN signals to lenders that you’re operating as a business, and that opens doors. 

Whether you’re financing a truck, van, equipment, or just need working capital, your ABN gives lenders a foundation to work with. If the loan supports a business-related asset, your chances of approval improve even further. 

Today, lenders no longer demand years of financial statements, especially for asset-backed lending like truck finance, equipment finance, or machinery loans. Many offer low doc equipment loans designed specifically for ABN holders, making it easier to get approved. 

What Can You Finance With an ABN? 

If you have an ABN and can show some recent business activity, even just the last few months, you may qualify for: 

• Truck & Trailer Finance for freight operators, delivery drivers, or fleet upgrades 

• Machinery & Equipment Loans for construction, trades, landscaping, or light industry 

• Van & Ute Finance for mobile service providers and tradies 

• Restaurant and Fit-Out Loans covering kitchens, furniture, and POS systems 

• Working Capital Loans to smooth out cashflow or fund growth 

These aren’t hypotheticals. They are real approvals happening daily for ABN holders across transport, construction, and small business. 

What If My ABN Is New? 

Many think a new ABN means no chance of approval. That’s not true. 

Some lenders prefer 12 or more months of trading, but plenty will consider as little as 6 months, especially if you’re financing an asset tied to your income. 

For example, we helped a courier with a 7-month ABN secure finance on a Pantech Isuzu truck for $300 per week using only bank statements, ID, and the invoice. No tax return required. 

What Lenders Really Look For 

Even without full financials, lenders can still gauge your eligibility through: 

• Business Bank Statements – proof of consistent income and cashflow 

• GST Registration – optional, but a signal your turnover exceeds $75K 

• Clear Loan Purpose – approvals are stronger when the asset funds business income 

• Asset Security – loans backed by trucks, utes, or machinery carry less risk and may offer better rates 

Why Work With a Broker Instead of a Bank? 

Applying directly with banks or multiple lenders can backfire. Each declined application leaves a mark on your credit file and reduces future approval chances. 

That’s why working with a broker is smarter. At Thrift Capital, we don’t scatter applications and hope for the best. We match you with the lender most likely to approve you based on your industry, ABN history, and business needs. 

We know which lenders accept new ABNs, who requires GST, and who offers the best structures. From balloon payments to low weekly repayments, we package your deal so it works for your business. 

Real-World ABN Approvals 

• A contractor with 8 months of activity had an excavator loan approved in 2 days 

• A tradie upgraded his ute with only an ABN and 6 months of bank statements 

• A restaurant owner secured $40K for a fit-out based on invoices and turnover projections 

These outcomes are possible because we know how to position ABN holders with the right lenders. 

You’re Closer to Finance Than You Think 

If you’re running your business with an ABN, there’s likely a pathway to finance right now. Whether it’s truck finance, equipment loans, machinery finance, or working capital, you don’t need to wait two years for tax returns. 

At Thrift Capital, we’ll show you what’s possible today, based on the business activity you already have. 

How to Get Finance Approved Without Years of Financials

Getting started in business shouldn’t mean getting stuck with finance. 

Starting Fresh? You Don’t Need Years of Paperwork to Move Forward 

One of the biggest misconceptions in commercial finance is that you need years of financials, multiple tax returns, accountant-prepared statements, and a long trading history to get approved for a business loan. 

This simply isn’t true. 

At Thrift Capital, we work with self-employed operators, sole traders, and small business owners every day. Many are just getting started or don’t have traditional paperwork in place. Whether you’re applying with a new ABN, growing a cash-based business, or still waiting on your first full tax return, we can help you secure the funding you need with a smarter, more flexible approach. 

Why Traditional Financials Aren’t Always the Standard Anymore 

Lenders today understand that the business landscape has shifted. More Australians are turning to self-employment, launching startups, or working as contractors, and many of these businesses don’t have lengthy financial histories. 

In response, an increasing number of lenders now offer low-doc equipment loans and alternative-documentation finance options. These allow you to apply using more accessible forms of evidence, such as: 

• Business bank statements (typically 6–12 months) 

• ABN registration confirmation 

• BAS statements (last 2 quarters) 

• Invoices or quotes for the asset being financed 

These solutions are especially common in truck finance, equipment finance, and machinery finance where the asset itself provides added security for the lender. 

What Really Matters to Lenders (When You Don’t Have Full Financials) 

If you don’t have formal tax returns or accountant-prepared financials, lenders will focus on other indicators that show repayment ability and business stability: 

1. Bank Statement Activity 

Lenders assess cash flow over the past 6–12 months. They want to see consistent income, responsible spending, and the ability to manage regular loan repayments. 

2. ABN History 

Some lenders prefer an ABN active for at least 12 months, but others will consider businesses with as little as 6 months of trading, especially if you have industry experience or active contracts. 

3. GST Registration 

Being registered for GST signals an annual turnover above $75K, which reassures lenders of your business activity. 

4. Loan Purpose and Asset Type 

Funding a truck, ute, trailer, or machinery used for work is considered lower risk compared to unrelated purchases. A clear loan purpose strengthens your application. 

Real-World Approvals Without Full Financials 

We’ve helped clients across industries secure funding with minimal paperwork: 

• Truck finance for owner-operators with less than 12 months trading history, enabling them to expand into freight contracts. 

• Low-doc equipment loans for tradies and contractors financing utes, excavators, and tools using only bank statements and ABN proof. 

• Machinery finance and fit-out funding for hospitality startups, approved based on projected turnover and 6 months of revenue history. 

The key is knowing which lenders accept alternative documents and how to structure your application effectively. 

Why Using a Broker Like Thrift Capital Makes the Difference 

Submitting a finance application without the right strategy can harm your credit file. Every declined application leaves a mark, and repeated rejections reduce your options. 

At Thrift Capital, we protect your chances of approval by: 

• Assessing eligibility before submitting any application. 

• Matching you with lenders who support new businesses and flexible documentation. 

• Guiding you on document preparation so nothing important gets missed. 

• Structuring repayments and balloon options to suit your cash flow. 

We specialise in truck finance, equipment loans, machinery finance, and business fit-outs. If you’re in transport, construction, trade, or hospitality, we know the lenders who understand your industry and your challenges. 

You’re More Finance-Ready Than You Think 

Waiting until you have years of paperwork could mean missing opportunities right now. 

At Thrift Capital, we look at the business activity you already have and tailor a finance pathway that works. You may be surprised at what you’re eligible for today. 

Ready to Take the Next Step? 

Speak with a Thrift Capital broker today and discover how you can get approved for truck finance, equipment loans, and machinery finance without the wait, the red tape, or the guesswork. 

Post-Tax Time Planning: Keeping Momentum Through Q3

The end of financial year can feel like crossing a finish line. The stress of closing the books, lodging returns, and managing final obligations is real. But for business owners who want to grow, EOFY isn’t the end—it’s the reset. 

The third quarter (July to September) gives you a powerful opportunity to reflect, reframe, and re-strategise. You have the advantage of fresh financials, clearer business insights, and lenders actively assessing applications based on newly submitted data. Q3 can be where momentum builds, if you act on it. 

Here’s how to use this period to sharpen your financial position and fuel smarter growth. 

⸻ 

Reassess, Don’t Just Move On 

You’ve just completed a full year of trading. That data is more than paperwork, it’s a blueprint for better decisions. Post-EOFY is the perfect time to evaluate where your business really stands. 

Now that your financials are up to date, revisit your revenue streams, margins, expense breakdowns, and debt levels. Were your cash flow forecasts accurate? Where did costs blow out? What worked well and what didn’t? 

It’s not about getting everything right. It’s about learning from the year behind you to make the next three to six months more intentional. When you work with a broker like Thrift Capital, these financials also become your ticket to faster, better-aligned funding options. 

⸻ 

Fund While Financials Are Fresh 

One of the most overlooked advantages of post-tax time is timing. When you apply for finance in Q3, lenders have access to your most recent trading data, making them more confident in your eligibility. 

If you are applying for asset finance, such as a chattel mortgage for new equipment or vehicles, or even considering a working capital loan, your EOFY figures become a key part of the approval process. The more current and accurate your numbers are, the better your chances of approval—and the more competitive your interest rate is likely to be. 

Put simply, if you’ve had a strong year, now is the time to leverage that performance while it’s still fresh in the system. 

⸻ 

Shift From Survival Finance to Strategic Finance 

Many businesses only consider finance when things are tight. But the most successful operators know how to use funding as a tool to accelerate growth, not just to plug gaps. 

Post-tax time is ideal for planning investments. That could mean upgrading to more efficient equipment, hiring the staff you held off on during the last quarter, or finally launching the marketing campaign you’ve been deferring. 

When you approach finance with a proactive mindset, it puts your business on the front foot. This is especially valuable in Q3, where you still have time to set up meaningful wins before the final push in Q4. 

⸻ 

Set Q3 Goals With Finance in Mind 

Rather than thinking of Q3 as a quiet or recovery period, think of it as a momentum builder. Use this quarter to test, invest, and position your business to finish the calendar year strong. 

That means setting realistic but ambitious goals. It could be acquiring a new vehicle, hiring a new staff member, or boosting output by a percentage. The key is to align your financial planning to support those goals—not just to react to challenges as they arise. 

When you structure your finance around your plans instead of the other way around, your funding becomes a tool, not a burden. 

⸻ 

Moving Forward With Confidence 

Post-tax time gives your business something incredibly valuable: perspective. It shows you where you’ve been, what you’ve built, and what’s possible in the months ahead.

Q3 is not the time to coast. It’s a chance to apply what you’ve learned and use finance to move intentionally toward your next chapter. Whether you’re aiming for operational improvements, stronger cash flow, or bold expansion, the clarity of this season is your edge.  

At Thrift Capital, we help businesses do exactly that—turn fresh financials into real opportunities through funding that fits. 

⸻

Ready to put your Q3 strategy in motion? 

Speak with a Thrift Capital broker to explore what funding options suit your goals. 

Or check out our Pre-Approval Checklist to get started. 

Top 5 Loan Structures and When to Use Them

Not all loans are created equal—and the right structure can make or break your financial strategy. 

This guide breaks down the five most common business loan structures in Australia, their real-world use cases, and how to decide what works best for your business. 

Why Loan Structure Matters 

Business owners often compare loans based on interest rates alone—but in reality, the loan structure can have an even greater impact on your cash flow, tax benefits, asset ownership, and long-term flexibility. 

A well-structured loan: 

• Aligns with your income cycle 

• Matches the useful life of the asset or need 

• Maximises tax efficiency 

• Minimises strain on working capital 

Let’s explore the top 5 structures in the Australian market—and how to choose the right one at the right time. 

1. Chattel Mortgage 

Best for: Purchasing vehicles, machinery, or equipment 

Also known as: Asset purchase loan 

A chattel mortgage is one of the most tax-effective and popular loan types for businesses. Under this structure, you take ownership of the asset upfront, while the lender registers a mortgage over it until the loan is repaid. 

Key Benefits: 

• Immediate asset ownership 

• Full GST claim (if registered) at the time of purchase 

• Interest and depreciation deductions available 

• Option for balloon/residual payment to reduce monthly outgoings 

When to Use It: 

• You’re purchasing a vehicle or equipment that generates income 

• You want asset control from day one 

• You need to preserve working capital but still want tax benefits 

Example: A landscaping business purchasing two new commercial mowers on a 5-year chattel mortgage with seasonal payments. 

2. Line of Credit (LOC) 

Best for: Short-term cash flow flexibility 

Also known as: Revolving credit facility 

An LOC works much like a credit card—except typically with better terms. You’re approved for a fixed limit and can draw down funds when needed. As you repay, the funds become available again. 

Key Benefits: 

• Only pay interest on what you use 

• Continuous access to funding without reapplying 

• Ideal for variable working capital needs 

When to Use It: 

• You have seasonal income or irregular client payments 

• You need a buffer for day-to-day operations 

• You want flexibility without locking in a term loan 

Example: A café uses a $50K LOC to manage supplier bills and wages during slower winter months, then replenishes it during summer. 

3. Unsecured Business Loan 

Best for: Fast funding or smaller loan amounts 

Also known as: Cash flow loan or short-term business loan 

This loan type doesn’t require asset security, making it easier to access—especially for newer businesses or service-based industries. 

Key Benefits: 

• Quick approvals, sometimes within 24–48 hours 

• No asset collateral required 

• Flexible terms ranging from 3–36 months 

• Based on turnover, not profits 

When to Use It: 

• You need a quick capital injection 

• You’re launching a campaign, hiring staff, or buying inventory 

• You have no assets to secure a loan 

Example: A marketing agency uses an unsecured loan to fund upfront costs for a large project, with repayment aligned to the project’s client payment schedule. 

4. Equipment Finance / Lease 

Best for: Using equipment without upfront ownership 

Also known as: Finance lease, operating lease 

Equipment finance allows you to use the asset without buying it outright. Depending on the lease type, you may own it at the end, return it, or upgrade. 

Key Benefits: 

• Lower monthly payments than purchase 

• Option to upgrade equipment regularly 

• Keeps assets off the balance sheet (for some leases) 

• Tax-deductible lease payments (in many cases) 

When to Use It: 

• You work in a tech-heavy or equipment-dependent industry 

• You want to upgrade every 2–3 years 

• You want to preserve capital and keep liabilities low 

Example: A dental clinic leases diagnostic equipment with a buyout option after 3 years, preserving cash for expansion. 

5. Refinance or Debt Consolidation 

Best for: Restructuring existing finance for better terms 

Also known as: Business loan refinance, debt reset 

If you’ve already taken out one or more business loans, refinancing could save you money—or help you grow faster with less friction. 

Key Benefits: 

• Lower interest rates if your credit or financials have improved 

• Reduce monthly repayments by extending the term 

• Combine multiple debts into a single repayment 

• Free up cash for reinvestment 

When to Use It: 

• Your existing loan is no longer competitive 

• You’re managing multiple high-interest debts 

• You need to improve cash flow before taking on new finance 

Example: A logistics company consolidates three separate finance contracts into one facility—cutting monthly repayments by 30%. 

Final Thoughts: The Smartest Loan Is the One That’s Structured for You 

There’s no one-size-fits-all loan. The best structure depends on: 

• What you’re funding 

• How your business earns income 

• Your short- and long-term goals 

• The strength of your financial profile 

That’s why working with a broker matters. At Thrift Capital, we don’t just find loans—we help tailor structures that reduce risk, improve approval odds, and support smarter business growth. 

Ready to Find the Right Fit? 

Swith a Thrift Capital broker for tailored advice 

Download our Pre-Approval Checklist to get started 

Structure your finance smarter—and grow with confidence 

Navigating Business Finance in a Volatile Economy

Stability is rare—but smart finance decisions can keep your business moving forward. 

What Do We Mean by a Volatile Economy? 

Interest rate hikes, inflation, supply chain shocks, shifting consumer demand—today’s business environment is anything but predictable. And whether you’re scaling up, holding steady, or simply trying to protect your cash flow, navigating finance in uncertain times requires more than reactive thinking.  

But volatility doesn’t mean you have to stop growing. It just means you need to get strategic. 

Here’s how Australian business owners can stay resilient, make confident finance decisions, and come out stronger—no matter what the market throws at them. 

1. Assess Where You’re Most Exposed 

Not all volatility is equal. Your first move is to understand how changing conditions affect your business: 

• Are rising rates increasing your monthly repayments? 

• Are suppliers increasing prices or shortening terms? 

• Are customers slowing down their payments? 

Cash flow forecasting is your best friend here. Look ahead 3–6 months and identify any weak spots. Once you’re clear on your risk areas, you can make finance decisions that fill the gaps—not add to the strain. 

2. Don’t Hoard Cash—Use It Strategically 

In times of uncertainty, many businesses default to hoarding cash. But while liquidity matters, idle capital is lost opportunity. 

Instead, consider: 

• Financing large purchases (vehicles, equipment) with a chattel mortgage 

• Using working capital loans to bridge seasonal slowdowns 

• Refinancing or consolidating old debts into lower, more manageable repayments 

This allows you to free up your cash reserves while still investing in essential tools for growth. 

3. Consider Refinancing Before Rates Shift Again 

If you’re carrying older loans secured during higher rate periods—or if your lender’s policies no longer suit your needs—now might be the time to refinance. 

Benefits of refinancing: 

• Lower monthly repayments 

• Better loan structure for your cash flow 

• Option to roll multiple debts into one facility 

• Potential access to equity or additional funding 

Many lenders are still offering competitive terms for businesses with clean repayment history or strong asset backing—even in a volatile market. 

4. Work With a Broker Who Knows the Terrain 

Not all finance partners are created equal. In a volatile economy, working with a broker can: 

• Save you time by identifying lenders who match your needs today 

• Prevent unnecessary hits to your credit score 

• Give you a clearer path forward when funding needs to move fast  

At Thrift Capital, we work with a broad panel of lenders—each with different appetites, industries, and policies. We help our clients stay agile, access capital quickly, and avoid finance pitfalls that others fall into. 

Final Thought: Volatility Doesn’t Stop Growth—But It Demands Strategy 

It’s easy to delay financial decisions when things feel unpredictable. But often, the right financial move during a volatile period can set you up for long-term strength. 

Whether you’re applying for finance for the first time, refinancing old debt, or planning equipment upgrades—smart, well-timed moves will help you ride out uncertainty and find opportunities others might miss. 

Let’s Talk Strategy  

📞 Speak with a Thrift Capital broker to find the right options for your business 

📥 Checkout our Pre-Approval Checklist to get started today 

3 Finance Hacks to Maximise Q3

Q3 isn’t the time to slow down—it’s the time to optimise. 
Whether you're recovering from EOFY or planning for a strong finish to the year, a few smart financial moves can help you boost cash flow, build momentum, and gain more control over your growth strategy. 

Here are three actionable finance hacks to help your business make the most of Q3. 

Review Payment Terms: Shorten Receivables, Extend Payables 

Cash flow isn’t just about how much you earn—it’s also about when you get paid and when you pay others. 

Shorten your receivables: 
If your customers are paying you in 30 or 60 days, you’re carrying the cost. Consider: 

• Offering a small discount for early payment (e.g. 2% for payment within 7 days) 

• Automating invoicing and reminders 

• Setting firmer terms upfront for new customers 

Extend your payables: 
Work with suppliers who offer longer terms or more flexible repayment schedules—especially for large orders or inventory. 

These shifts can unlock thousands in working capital, without any external funding required. 

Leverage a Chattel Mortgage to Free Up Cash 

Need a new vehicle, tools, or equipment? Don’t pay upfront. 

A chattel mortgage allows you to: 

• Own the asset from day one 

• Spread the cost over time with structured repayments 

• Claim the GST upfront (if you’re registered) 

• Access tax deductions for interest and depreciation 

This is especially powerful in Q3 when: 

• You’ve got fresh financials on hand 

• You need to keep cash available for marketing, hiring, or restocking 

• You want to secure the asset now but pay as you grow 

Many lenders approve chattel mortgages within 24–48 hours—especially when arranged through a broker. 

Refinance Old Debt to Reduce Repayments 

If you're still managing loans from earlier years—or holding onto high-interest equipment finance—you might be paying more than you need to. 

Refinancing can: 

• Reduce your monthly repayments 

• Consolidate multiple debts into one 

• Improve your credit score through better repayment history 

• Free up cash for new projects 

Whether it’s an old business loan, vehicle finance, or an expensive overdraft, we can help assess if there’s a better deal on the table. 

Bonus Tip: Don’t Let Q3 Drift 

It’s easy to think of Q3 as the “quiet middle” of the financial year. But smart operators know it’s the perfect time to course-correct before Q4 gets busy. 

If you want to improve your business’s financial position, boost growth, or prepare for a new opportunity—now’s the time to act. 

Let’s Make It Happen 

At Thrift Capital, we help businesses improve their financial position with smart, fast solutions: 

• Finance for assets and equipment 

• Debt refinancing 

• Guidance for new ABNs or early-stage businesses 

Check-out our Pre-Approval Checklist or 
Speak with a broker to explore your Q3 finance options. 

Top 5 Loan Myths Debunked

Confused by all the loan advice out there? You’re not alone. Let’s set the record straight.

Why This Matters

Whether you’re applying for a vehicle loan, equipment finance, or working capital, there’s no shortage of “advice” online. Unfortunately, a lot of it is outdated, misleading—or just plain wrong.

At Thrift Capital, we help business owners and entrepreneurs navigate the finance world with confidence. So today, we’re clearing up five of the most common myths we hear every day—and giving you the facts to make smarter decisions.

Myth 1: “You need perfect credit to get approved.”

Truth: A less-than-perfect score doesn’t disqualify you.

While credit history matters—especially for unsecured loans—it’s only one part of the equation. Lenders also consider:

• Cash flow or bank statements

• Business stability

• Loan purpose and security

• Industry experience

Plus, we work with specialist lenders who are open to low-doc and new-ABN applicants, even with limited credit history.

Myth 2: “I can only get a loan if my business has been trading for over 2 years.”

Truth: New businesses can get finance too.

Many think they need years of tax returns to qualify. But lenders now offer finance options for:

• Startups

• Sole traders with new ABNs

• Side hustlers going full-time

If you have solid industry experience, a clear loan purpose, or asset security (like a vehicle or machine), you can likely get approved.

Myth 3: “All lenders are the same—just compare rates.”

Truth: Not all loans—or lenders—are created equal.

Rates are important, yes. But so is:

• The speed of approval

• Flexibility of repayments

• Ease of document requirements

• Pre-approval conditions

• Balloon options or seasonal structures

Some lenders are better suited for your industry, cash flow, or equipment type. That’s why working with a broker makes a real difference.

Myth 4: “Applying for finance will hurt my credit score.”

Truth: Not always—and not if you do it properly.

Multiple applications with the wrong lenders in a short time can hurt your score. But when you work with a broker:

• Your application is strategically placed with the right lender

• We often start with a soft credit check or pre-assessment

• We avoid unnecessary rejections

Bottom line: one well-placed application is far better than going it alone and hoping for the best.

Myth 5: “If I got rejected before, I won’t get approved now.”

Truth: Rejection isn’t final—and it’s often fixable.

Many applicants get declined simply because they:

• Applied with the wrong lender

• Had missing documents

• Didn’t structure the application clearly

We’ve helped dozens of clients who were previously rejected get approved within days—just by matching them with the right lender and repackaging the deal.

Final Thought: Know the Facts Before You Apply

Finance doesn’t need to be complicated, but it does require clarity.

By knowing what lenders actually look for—and avoiding the common myths—you can make better decisions, access better deals, and save time (and money) in the process.

Need Help Navigating Your Options?

 Talk to a Thrift Capital broker today.

New ABN? How to Get Approved Even If You’re Just Starting

Starting a business is a bold move—and one that often requires funding early on, especially if you’re purchasing vehicles, equipment, or preparing for a contract. But if you’ve only just registered your ABN, you might be wondering: 

Can I even get finance this early? 

The short answer: Yes, you can. While some lenders still favour businesses with 12 months of trading history, many now offer finance solutions specifically for new ABNs, startups, and sole traders—especially when your application is structured properly. 

This guide breaks down how finance works when you’re just getting started, what lenders actually look for, and how Thrift Capital helps you improve your chances of fast approval—even in your first weeks of trading. 

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The Misconception: “I Need 12 Months in Business to Qualify” 

This is one of the most common myths we hear.

While it’s true that major banks usually want to see trading history, this isn’t the case across the board. In fact, Australia’s non-bank and specialist lenders are increasingly offering products built specifically for early-stage businesses, many with no minimum ABN age requirements. 

That means if you’ve just registered your ABN—whether as a tradie going out on your own, a side hustler formalising your business, or a company director launching a new venture—you can still qualify for funding with the right lender and the right documentation. 

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What Lenders Look for When There’s No Trading History 

When you don’t have BAS statements or financials to show, lenders shift their attention to other key areas: 

• Your personal credit profile. This becomes your main credibility indicator. A good score shows reliability, especially for low-doc or unsecured loans. 

• Your industry experience. If you’ve been working in the field—even as an employee—lenders view you as “low risk” despite the new ABN. 

• The asset you’re financing. Tangible assets like vehicles or machinery often make approvals easier, especially if they hold resale value. 

• The loan purpose. If you can show what the funds will be used for—via quotes, invoices, or a supplier proposal—that helps lenders gain confidence in your plan. 

• Supporting documentation. Items like your driver’s license, ABN certificate, past payslips, or a simple business plan can help complete the picture. 

It’s less about being a “fully established” business and more about demonstrating that you’re serious, stable, and ready to generate income. 

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What Finance Can a New ABN Access? 

You might be surprised by what’s available. 

Vehicle finance, for example, is commonly approved for new ABNs—particularly for utes, vans, or work vehicles. So is equipment finance for tradies, creatives, or professionals buying tools or machinery.

Other lenders may offer unsecured business loans, especially if you have payslips or contract agreements that show your ability to repay. There are even low-doc and no-doc loans tailored to sole traders and directors starting fresh. 

And while your interest rate may be slightly higher than an established business, the key benefit is access: you get the asset now, build credit, and refinance later at better terms.

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How Thrift Capital Makes It Easier 

As brokers, we act as your bridge to lenders who are open to working with new ABNs.

We know which lenders are comfortable with minimal trading history, and we help you: 

• Avoid unnecessary paperwork (no one-size-fits-all applications here) 

• Show your strengths, whether it’s experience, credit, or clear purpose 

• Get matched with the right lender from our diverse panel 

• Fast-track approvals, with many clients approved within 48 hours 

We’ve helped dozens of new ABN holders get funded—some within a week of registering their business. 

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Real-World Example

Recently, we assisted a carpenter from Western Sydney who had just gone out on his own. He registered his ABN two weeks prior and needed $38,000 to buy a ute and trailer setup. 

He had no trading history—but he had: 

• 12+ years’ experience in construction 

• A clean personal credit record 

• A vehicle quote ready to go 

We matched him with a flexible lender that supports new ABNs in the trades. He was approved within 48 hours—no BAS, no tax returns, just smart structuring. 

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Final Thoughts: It’s Not Too Early—It’s Just a Different Path 

Starting a business is a leap. And while funding a new ABN isn’t always as simple as ticking a box, it’s absolutely achievable with the right approach. 

Whether you’re applying as a sole trader, company director, or trust, we’ll help you understand what’s needed and guide you through every step—without delay or confusion. 

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Ready to Apply? 

Checkout our Pre-Approval Checklist to see what documents you might need 

Or speak with a Thrift Capital broker to find out what your options are today 

You don’t need to wait 12 months. You just need someone who knows how to help you get started. 

Chattel Mortgage Benefits You Can Still Access Post-Tax Time

Think the EOFY deadline was your last chance to secure tax savings through finance? Not quite.

Even after June 30, chattel mortgages continue to offer significant GST and tax benefits—especially if you’re purchasing business equipment, vehicles, or machinery.

Here’s what Australian businesses need to know about making smart finance moves after tax time.

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What Is a Chattel Mortgage?

A chattel mortgage is a type of business loan where the lender provides funds for an asset (e.g. vehicle, equipment), and the business takes immediate ownership. The asset is used as security, and the mortgage is released once the loan is repaid.

It’s one of the most popular asset finance structures in Australia—particularly for small to medium businesses.

According to the Australian Bureau of Statistics (ABS):

• 85% of Australian small businesses finance capital purchases rather than buying outright.

• Vehicle and equipment finance makes up a large portion of commercial loans, especially post-COVID, with government incentives further accelerating uptake.

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Why Post-June 30 Still Matters

There’s often a rush to settle loans by June 30 to lock in deductions for the closing financial year. But even after EOFY, many benefits still apply, especially for purchases that support new-year growth plans.

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Key Tax and GST Benefits You Can Still Access

1. GST Input Credits 

If your business is GST-registered: 

• You can claim the full GST on the purchase price in your next BAS—even if the asset is financed via chattel mortgage. 

• This applies to cars, trucks, machinery, office equipment, etc. 

Example: For a $100,000 asset (ex-GST), you can claim $10,000 in GST credits in the next BAS cycle—improving cash flow significantly. 

2. Depreciation and Interest Deductions 

Even if EOFY has passed: 

• The interest portion of repayments is tax-deductible. 

• You can claim depreciation on the asset annually through your tax return. 

According to ATO guidelines, depreciation can be applied to any business-use asset with a life over one year—even if financed.  

3. Instant Asset Write-Off / Temporary Full Expensing 

While the Temporary Full Expensing scheme ended in June 2023, the government has proposed new thresholds for the Instant Asset Write-Off from 1 July 2023 to 30 June 2024: 

• Eligible businesses (turnover under $10 million) may deduct up to $20,000 per asset purchase. 

• Check ATO updates for confirmation and updates.

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Perfect for Equipment & Vehicle Upgrades 

Chattel mortgages remain ideal for financing: 

• Commercial vehicles 

• Construction machinery 

• Medical or industrial equipment 

• Tools and technology   

They’re especially effective when your business wants ownership of the asset rather than lease-style usage, with long-term deductions. 

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Global Context: Still Relevant Worldwide   

Globally, businesses in the UK, US, and Canada also benefit from similar structures, like hire purchase or secured equipment loans. However, Australia’s GST and depreciation rules make chattel mortgages uniquely beneficial—particularly for small businesses looking to improve post-COVID cash flow. 

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Why Work With a Broker Like Thrift Capital? 

Each lender may treat asset classes, repayment terms, or business types differently. At Thrift Capital: 

• We match you with lenders who understand your industry 

• We know what documentation is truly required (no unnecessary paperwork) 

• We help you secure approvals fast—often within 48 hours for qualified applications 

Next Steps: Make Your Finance Work Harder 

Even after June 30, the benefits are far from over. 

Thinking about an equipment upgrade? 

Talk to a Thrift Capital broker today to explore your options, or 

Checkout our free Pre-Approval Checklist to get started. 

Post-EOFY Finance: Why July Is the Smartest Time to Apply

Fresh financials. Flexible lenders. Faster approvals. 

Here’s why early in the financial year is the best time to apply for business finance. 

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A New Financial Year = New Opportunities

If you’re planning to invest in equipment, vehicles, or working capital, applying for finance in July can give you a head start. 

Why? Because you’re armed with fresh numbers, and lenders are more responsive early in the financial year. 

Your Financials Are Fresh and Ready

At this time of year: 

• Your FY23–24 financials are complete or in final stages 

• You’re working with your accountant to wrap up reports 

• Lenders can make faster decisions with up-to-date data  

It’s the perfect moment to apply while everything is still recent and accessible. 

Lenders Are More Flexible in July

Post-EOFY, lenders are looking to kickstart their new-year lending goals. That often means:

• Faster approvals

• Competitive rates

• More flexible terms

And as brokers, we know exactly which lenders are ready to move—and how to match them with your needs.

Beat the Rush Before Peak Season

Many business owners wait until March–June to sort their funding.

By then, lenders are busier and policies can tighten.

**Applying now puts you ahead of the rush—**with more options and faster results.

What You Might Need

Every application is different, but here’s a general list to prepare: 

• FY23–24 Profit & Loss and Balance Sheet 

• Last 6 months of bank statements 

• Recent tax returns and ATO portals 

• BAS for the last 2 quarters 

• Asset invoice or quote (if buying equipment or vehicles) 

Don’t stress—you might not need all of these. Your Thrift Capital broker will guide you through exactly what’s required.

Ready to Move Forward? 

We’ll help you: 

• Know exactly what to submit 

• Get matched with the right lender 

• Secure funding faster, with less stress 

Checkout our free Pre-Approval Checklist 

Or speak with a finance broker today.

Free Pre-Approval Checklist for Business Loans Over $300K

Know what you need before you apply—and get approved faster. 

Applying for a business loan over $300,000? Lenders typically require more detailed documentation at this level. That’s why we’ve created this free Pre-Approval Checklist—to help you prepare, avoid delays, and give your application the best chance of success. 

Whether you’re a sole trader, company director, or applying through a trust, this checklist covers the documents that matter most. 

Note: For business loans up to $250,000, approvals can often be secured with just basic identification and minimal paperwork. Speak with a Thrift Capital broker to determine the right path for your business. 

What’s Inside the Checklist?

1. Personal Identification (ID) Documents 
   Confirm the identity of the director or business owner: 

   a.) Director’s Driver’s licence or Passport (front & back) 
   b.) Medicare card 

2. Business Information 
   Provide evidence of your business registration and trading status: 
   a.) ABN/ACN 
   b.) Business registration certificate 

3. Financials 
   Help lenders assess your business performance and serviceability: 
   a.) Business bank statements – last 6 months 
   b.) Profit and Loss (Dated from July 2024-June 2025) 
   c.) Balance Sheet (Dated from July 2024-June 2025) 
   d.) Accountant Prepared Financial Statements for Previous FY (2023-24) 
   e.) Most Recent FY’s Individual Tax Return 
   f.) 12-month ATO Portals – ITA & ICA  
   g.) Business Activity Statements (BAS) – last 2 quarters 

   NOTE: We may only need a handful of the above documents to get your business approved. Speak to your Thrift Capital Finance Broker to find out what documents you need. 

4. Loan Purpose Documents(Recommended but not always required) 
   These are useful when applying for asset, equipment, or vehicle finance:
   a.) Invoice or quote for equipment purchase 
   b.) Lease agreement (for property-related loans) 
   c.) Vehicle details (make, model, year, VIN) for car/truck loans 

5. Other Supporting Documents (if applicable) 
   These documents can enhance your application and speed up processing: 
   a.) Trust deed (if applying through a trust) 
   b.) Existing loan contracts (that can be used as a reference) 
   c.) Rates Notice or other document to verify property ownership 

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Need Help Getting Started? 

Fill out the quick form below and we’ll guide you through the next steps. No pressure—just practical, expert support to help get your business finance-ready. 

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Why It Matters 

Being well-prepared can mean the difference between: 

• Waiting two weeks vs. getting approved in 24 hours 

• Rejection due to missing documents vs. smooth, fast-track success 

At Thrift Capital, we help you cut through the paperwork and match you with the right lender—so you can secure funding faster, simpler, and smarter. 

Lease vs Finance: Which One is Right for Your Business?

If you’re running a business and planning to finance equipment, vehicles, or other assets, one key question comes up often:

Should I lease or should I finance? Is there even a difference?

At Thrift Capital, we help business owners across industries make this decision every day. The right option depends on your cash flow, growth plans, and how long you expect to keep the asset.

This guide breaks down the pros and cons of leasing vs. financing to help you choose the best path for your business.

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What Is Leasing?

Leasing is essentially renting the asset for a set period. You make monthly or quarterly payments, but the lender retains ownership. At the end of the lease, you may return, upgrade, or purchase the asset—depending on the agreement.

Best suited for:

• Businesses needing frequent equipment upgrades

• Companies with limited upfront capital

• Those seeking off-balance-sheet finance options

Benefits of Leasing:

• Lower initial outlay

• Easier approval for some structures

• Potential tax advantages on lease payments

• Greater flexibility to upgrade over time

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What Does Financing Mean?

When you purchase a business asset using finance (such as a Chattel Mortgage), your business owns the asset from day one. The loan is secured against the asset, and you repay it over time.

Best suited for:

• Businesses looking for long-term ownership

• Industries like transport or trades needing equity in equipment

• Owners wanting more control over the asset’s use or resale

Benefits of Leasing:

• Full ownership = long-term value

• Interest and depreciation may be tax-deductible

• May be eligible for upfront GST claims (if GST-registered)

• Flexible terms and balloon payment options

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Lease vs Finance: Quick Comparison

When you lease, you don’t own the asset—you’re essentially renting it over a fixed term. This typically comes with lower upfront costs and greater flexibility to upgrade when needed. Lease payments may also be tax-deductible, depending on your setup. At the end of the lease, you may return the asset, upgrade, or choose to purchase it, depending on your agreement.

When you buy—usually through a Chattel Mortgage—you own the asset from day one. This option often involves a higher upfront cost (unless you structure it with a balloon payment), but it gives you long-term value. You may be able to claim interest and depreciation as tax deductions, and if you’re GST-registered, you could be eligible to claim GST upfront. Unlike leasing, buying gives you full control over the asset at the end of the finance term.

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So… Should You Lease or Finance?

Ask yourself:

• Do I need flexibility with cash flow right now?

• How long will I use this asset?

• Is ownership important for my business strategy?

• What are the tax implications? (Speak with your accountant.)

The right structure depends on your business goals—and getting it wrong could cost you more in the long run.

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Need Help Deciding?

We’re here to help.

Thrift Capital brokers explain the options clearly—without jargon. Whether you’re buying a truck, leasing medical equipment, or financing a fit-out, we’ll match you with the right lender and structure to suit your business.

How to Get Approved Fast: What Lenders Look For and Why the Right Match Matters

When it comes to business finance, getting approved quickly isn’t just about completing an application—it’s about understanding how the system works. At Thrift Capital, we don’t just help you apply; we help you get approved—fast. 

The key? Matching the right lender to your industry, understanding approval timelines, and knowing exactly what lenders are looking for. 

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Here’s what every business owner should know to move from enquiry to “approved” with confidence. 

1. Matching Lenders to Your Industry Matters More Than You Think 

Not all lenders are the same—and neither are businesses. 

Each industry has unique financial needs, cash flow cycles, and risk profiles. That’s why one of the most valuable things a broker can do is match you with a lender who understands your space. 

Here’s how it works: 

• Transport & Logistics
  Lenders familiar with this sector offer fast approvals, flexible repayments, and often accept second-hand vehicles—because they understand that time is money. 

• Construction & Trades
  Seasonal cash flow and balloon repayments are common. Lenders experienced with asset-heavy businesses are best suited here. 

• Medical & Allied Health
  Lenders that finance high-value medical equipment with longer terms and industry-specific criteria are ideal for clinics, dental practices, and wellness providers. 

Why this matters: 

The wrong lender could slow your approval—or deny your application altogether. The right one could fund your asset within 24 hours. That’s the power of tailored finance.

2. Why Some Lenders Approve Faster Than Others 

Ever wonder why some lenders give you an answer in hours, while others take weeks? 

Here’s what makes the difference: 

• Lender Type
  Traditional banks often require full-doc applications and lengthy internal reviews. 
  Non-bank lenders are typically more agile, offering low-doc and ABN-only options with quicker turnaround times. 

• Broker Involvement
  A broker who understands lender preferences can submit your application in the right format—streamlining the process and saving valuable time. 

• Your Application
  Clean, complete documentation significantly speeds up decisions. Missing details are one of the most common causes of delay.

Tip: 
Want to move fast? Talk to a broker before submitting your application. It could save you days. 

3. What Lenders Actually Look For in Your Application 

It’s not just about your credit score. Lenders take a holistic view when assessing applications.

Key factors include: 

• ABN Age and Activity
  Even low-doc lenders want to see how long you’ve been trading. While longer histories are preferred, approvals are still possible for newer businesses—with the right lender. 

• Income and Cash Flow
  Whether you provide bank statements or verified financials, lenders need to see that your business can comfortably service the loan. 

• The Asset

  The condition, age, and value of the asset you’re financing matters. New or well-maintained second-hand equipment is typically easier to fund—and often secures better terms. 

• Supporting Documents
  “Low-doc” doesn’t mean “no-doc.” Having ID, ABN details, recent bank statements, or a tax invoice ready makes a smoother process for both broker and lender. 

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The Thrift Capital Advantage 

At Thrift Capital, we don’t just submit applications—we set you up for success. Our team: 

• Understands your industry and funding needs 

• Matches you with the right lender 

• Professionally packages your application 

• Fast-tracks submissions to key decision-makers 

With access to over 40 banks and non-bank lenders, we know how to find the best path—whether you’re a startup tradie, an experienced fleet operator, or a growing medical practice. 

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Need Fast Finance? Here’s What to Do Next 

If you’re planning to buy equipment, finance a vehicle, or need a working capital boost—don’t do it alone. 

The right match, lender, and process can mean the difference between two weeks and 24 hours. 

Speak to a Thrift Capital broker today.