Business loans for sole traders
Business loans for sole traders in Australia
You don't need a Pty Ltd to access business finance. Sole traders with an active ABN and 12+ months trading history are eligible to apply.
Apply now
2 minutes · Soft check only · Free
Overview
Why traders businesses choose Avoir
Australia has 822,873 businesses operating as sole proprietors, according to the ABS (Counts of Australian Businesses, cat. 8165.0, June 2025) — from freelancers and consultants to tradies, healthcare practitioners, and small retailers. Many assume business finance is only available to registered companies. It isn't. Non-bank lenders assess sole traders on exactly the same basis as companies: your ABN trading history, bank statements, and revenue. Avoir connects Australian sole traders to lenders who actively fund sole trader businesses.
The key requirements are simple: an active ABN, a minimum of 12 months trading, and consistent revenue. You'll need to provide bank statements for the business (or personal account used for business purposes), and most lenders will require a personal guarantee — which as a sole trader is effectively automatic given the structure.
Key features
ABN accepted — no Pty Ltd required
Sole traders operating under their own ABN are fully eligible. You do not need to be incorporated as a company to access business finance.
Personal and business bank statements
Sole traders can use personal bank statements where business income is deposited, provided they clearly show business revenue and expenses.
Fast unsecured finance
Loans from $10,000 to $300,000 for eligible sole traders. No collateral required. Decision within 2 hours in most cases.
All sole trader industries
Tradies, consultants, freelancers, healthcare practitioners, retailers, and all other sole trader businesses are eligible to apply.
Eligibility
Am I eligible to apply?
Here is what Avoir looks for. We work with businesses trading 12 months or more; individual lender minimums vary and are set by the lender, not by us. Meeting our criteria makes a business eligible to apply. It does not mean an application will be approved.
Meeting these criteria makes a business eligible to apply; it does not mean an application will be approved. *Subject to lender credit criteria.
Process
How it works
Apply in 2 minutes
Complete our short online form with basic details about your business and what you need. Only a soft credit check, and no documents required at this stage.
We match your profile
Your enquiry is assessed and matched to the most suitable lending partners in our network based on your business profile, loan amount, and purpose.
Receive your offer
A specialist contacts you within 2 hours with tailored options. They will walk you through available terms and answer any questions.
Funds in your account
Once you accept an offer and provide the lender's required documentation, funds are typically transferred within 24 hours.
FAQ
Common questions
Everything you need to know about getting a business loan. Can't find the answer you're looking for? Apply and a specialist will answer your questions directly.
Apply now →Can a sole trader get a business loan in Australia?
Yes. Many non-bank lenders actively fund sole trader businesses. The assessment criteria are the same as for companies: ABN trading history, bank statements, and revenue. You do not need to be incorporated as a Pty Ltd.
What ABN trading history do I need?
Avoir works with businesses trading 12 months or more. Individual lender minimums vary and are set by the lender, not by us.
Can I use my personal bank account for the application?
Yes, if your business income is deposited into your personal account. Lenders will review your bank statements and assess the business income they show, regardless of whether the account is personal or business.
How much can a sole trader borrow?
Most sole traders can access between $10,000 and $300,000 unsecured. The exact amount depends on your monthly revenue — most lenders set facility sizes as a proportion of monthly revenue, which varies by lender.
Do I need a personal guarantee as a sole trader?
As a sole trader, you and your business are legally the same entity, so the concept of a personal guarantee is effectively inherent in the structure. There is no separation between personal and business liability.
What industries do sole trader lenders cover?
All industries. Tradies, consultants, freelancers, healthcare practitioners, retailers, hospitality, transport, creative professionals — all sole trader business types are eligible to apply through our network.
Ready to apply?
Apply as a sole trader — 2 minutes
No company structure required. Apply with your ABN and get a decision within two hours.
NO COLLATERAL
SOFT CHECK ONLY
2 MIN APPLICATION