Finance question
Can I get finance if I've just gone full-time in my business?
Often yes. Just going full-time does not stop equipment finance. The asset secures the loan, and time you spent building the business as a side venture usually counts toward your history.
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The short answer
Going full-time is a milestone, not a reset
Plenty of businesses start as a side venture and go full-time once the demand is there. Making that jump does not put you back to square one for finance. The ABN you traded under on the side usually still counts, so your history often stretches back further than the day you went full-time.
The asset securing the finance does the rest. Because the equipment stands behind the loan, a lender is looking at the deal and the asset, not just how many weeks you have been full-time. That is why the move from part-time to full-time rarely trips up an equipment finance application.
Low-doc and no-doc options fit this stage well. With 40+ lenders on the panel, the job is to match you to the ones that will count your earlier trading and fund the vehicle or equipment you now need to service the extra work full-time brings.
Do you qualify?
What carries over when you go full-time.
An existing ABN
Trading you did on the side usually counts toward your history.
A specific asset
The vehicle or equipment you now need secures the loan.
A demand story
Going full-time because the work grew reads well to a lender.
A deposit can help
It widens your options while the full-time record is short.
Why full-time does not reset the clock
Your ABN carries over
Side-venture trading usually counts toward your history.
The asset secures it
The equipment stands behind the loan, whatever your hours.
Growth is a good sign
Going full-time on rising demand strengthens the story.
A real example
A hairdresser who ran a mobile service on the side for two years just went full-time and took a shopfront. She needs $22,000 to fit out the salon. Because her ABN and side trading counted, and the fit-out secured the loan, it was approved on a low-doc basis. Illustrative only.
Common questions
Frequently asked questions
Does going full-time restart my trading history?
No. The ABN you traded under on the side usually still counts, so your history often reaches back further than your full-time start date.
Do I need a long full-time record to get approved?
Often no. The asset secures the loan and low-doc options mean a short full-time record is not a barrier on its own.
Does it help that I went full-time because demand grew?
Yes. Rising demand behind the decision reads well and can strengthen the application.
Would a deposit help while my full-time record is short?
It can. A deposit lowers the lender's risk and can widen which lenders will approve you.