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How to get same-day ABN loans*

by OnDeck Australia,   Aug 15, 2023

OnDeck provides same day ABN loans that enable businesses to access funds quickly and easily. There’s a simple, straightforward online application process with fast approvals. Same day ABN loans from OnDeck are designed to provide cash flow and help business owners cover their short-term expenses. Same day unsecured business loans can be used for any business purpose, from buying new business equipment to paying emergency bills or just smoothing out a period of low cash flow. 

*Timeframe to process and fund applications can vary due to each individual loan application and circumstances 

Get the funds your business needs with an OnDeck Lightning Loan 

  • Approval in as fast as 30 minutes and funding in as fast as 2 hours*. 
  • 6-to-24-month terms and no upfront security. 
  • Only 6 months of business bank statements needed to apply. 
  • Loans from $10,000 to $150,000. 


Apply Now 

Eligibility for same day ABN loans 

You can apply for a small business loan for your ABN if you meet the following criteria: 


Minimum $100,000 gross annual turnover

Minimum 1 year in business  

No bankruptcy

(Prior or recent) 

Minimum 400 business credit score required


Business loan application process 

Step 1: Prepare your paperwork 

To apply for a loan, you’ll typically need to provide documentation such as financial statements, tax returns, and bank statements. Be sure to have these documents ready to streamline the loan application process.  

Step 2: fill out the online application 

OnDeck same-day business loans use an online application process that only takes minutes to complete. 

Create a Login 

Provide contact information and create a login so you can check the details of your loan at any time. 

About Your Business 

Tell us about your business, including your ABN number. 

About You 

We need to know some information about the business owner/s, their finances, and total time in business. 

Bank Statements 

Use our 100% secure bank feeds link to directly connect your bank account to the application and show the last 6 months’ worth of businesses bank statements. 

Step 3: Wait for approval 

Decisioning for small business loans is fast, and you can have a decision in as fast as 30 minutes*. If contacted with an approval for a same day business loan, we will give you the details of the loan including repayment schedule, applicable interest rates and loan term. 

Step 4: Get your funding in hours 

Once approved, you could have an ABN Business Loan of up to $150,000 funded in as fast as 2 hours*. More complex loans of up to $250k can be funded in as fast as 1 business day*. 


Same-day ABN loan FAQ 

Can I borrow money with an ABN? 

Yes, you can get an ABN loan from online lenders like OnDeck. Business lending processes look at the financials of your business to determine how much you are eligible to borrow. 

How does an ABN loan work? 

ABN loans work much the same as personal loans, but the money must be used for business purposes instead of private ones. The potential lender will look at your business financials to determine how much you can afford to borrow. The lender will then draw up a loan contract that contains the details such as loan amount and loan terms. 

Do you need an ABN for a business loan? 

Yes, an ABN is required to get a business loan. Lenders need it to do a credit check on your business and determine if you meet the lending criteria for a loan. 

Is it hard to get a loan as a sole trader? 

Sole traders and small business owners are eligible for business loans so long as they meet the eligibility criteria of the lender. It can be difficult to find finance options as a sole trader, but a loan from OnDeck could be a good option for Sole Traders looking for fast, flexible finance. 


Learn more today 

This article is for general information purposes only. Content may belong to or have originated from third parties and OnDeck takes no responsibility for the accuracy, validity, reliability or completeness of any information. OnDeck is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how this information relates to your unique circumstances. OnDeck is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website. 
* The timeframe required to process and fund loan applications may vary for each individual application. Factors such as the completeness and accuracy of application materials, verification processes, and external circumstances can influence the processing & funding timelines. 

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