Your ABN is a starting point, but lenders also look at your business performance when assessing your application. To apply for loans up to $200,000 with OnDeck, you’ll need your ABN, a driver’s licence and 6 months of digital bank statements showing your business income. For larger loans, we’ll also ask for tax information.
ABN loans: business funding for ABN holders
Sole trader, contractor or company, if you hold an ABN and your business is trading, you can be assessed on your real numbers. No payslips required.
Funding without strings attached
What is an ABN loan?
An ABN loan is simply a business loan for businesses with an Australian Business Number (ABN), including sole traders, partnerships, companies and trusts.
If you’re self-employed or run your own business, getting a loan isn’t always straightforward. Traditional lenders often rely on payslips and a regular salary to assess borrowers, but that doesn’t tell the full story for business owners. Business lenders like OnDeck take a different approach, looking at your business cash flow instead.
OnDeck offers unsecured business loans up to $300,000. If you’ve been trading for at least one year, earn at least $100,000 in annual revenue and have a good credit history, you’re eligible to apply. All you need to get started is your ABN, driver’s licence and 6 months of digital business bank statements for loans up to $200,000. For larger loans, we’ll also ask for tax information.
Who ABN loans work for
Sole traders and contractors. Couriers, tradies, consultants, creatives. Your deposits are your proof of income. No employer letters, because you are the employer.
Companies and trusts. The business entity holds the ABN and the loan, with a personal guarantee from the director. No security interests over company assets, no PPSR registration, no springing clauses.
Seasonal and project businesses. Lumpy income reads badly to lenders who average a payslip. Bank-statement assessment with OnDeck's Lightning Score™ reads the real pattern.
If your income is real but your paperwork is thin, our business loan with no income guide covers exactly what lenders can and can't work with.
Everyday scenarios
These scenarios are illustrative examples, not real customers.
The courier contractor upgrading the van
"Three years of solid contract income, and the bank still asked for payslips. I don't have payslips. I have an ABN and a full delivery schedule."
Contractor income is real income. Assessed on bank statements, a steady delivery contract reads exactly like the reliable revenue it is.
An owner-driver · Brisbane
The consultant smoothing the gaps
"Big invoices, slow payers. The work is constant, the cash flow isn't."
Project businesses live with 30 to 60 day payment terms. A loan against trading history bridges the gap between invoicing the work and banking it.
An IT consultant · Canberra
How it works
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Online application in minutes
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Approval in minutes up to $200k, hours up to $300k
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Often funded same day
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Dedicated Australia-based loan specialist support
ABN loan FAQs
Not yet, and be cautious of anyone who says otherwise. OnDeck requires a real trading history. While you build one, our new business loan guide covers the realistic options for young businesses.
Yes, sole traders can qualify for any OnDeck Lightning Loan™ up to $300,000. All applications are assessed based on business performance and credit history, regardless of business structure.
Not with OnDeck. Loans are fully unsecured: no security interests (PPSR/GSA), no springing clauses, no caveat on the family home. Just a personal guarantee.
OnDeck Lightning Loans™ up to $200,000 can be approved in minutes, while larger loans up to $300,000 typically take a few hours. Once approved, businesses are often funded the same day. The full business loan eligibility criteria are online.