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.