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.