Equipment Finance with Less Than 6 Months Trading

Yes. Startups and newly registered businesses do get equipment finance in Australia, because the asset carries most of the security. When the lender can recover and resell business equipment, the absence of two years of financials becomes a manageable risk rather than a dealbreaker — particularly for startups buying mainstream, in-demand equipment.

In place of trading history, lenders look at the directors. A clean personal credit file, property ownership, and demonstrable experience in the same industry are the strongest signals. A new ABN with a director who has driven trucks or run a crew for a decade reads very differently to one with no background at all. GST registration, a signed contract or letter of intent from a customer, and a simple cash-flow forecast showing how the asset pays for itself all strengthen the file.

Typical startup terms: low doc approvals to around $100,000–$150,000 for property-owning directors with no financials required; a deposit of 10–20 per cent where there is no property backing; a rate premium of roughly one to three per cent over established-business pricing; and a term matched to the asset's useful life. Buying through a licensed dealer rather than privately also lifts approval odds.

Lonix works with the asset lenders that have a genuine startup appetite, so the first application goes to a lender that can actually say yes.