Truck Finance for Sole Traders: What You’ll Need to Apply

1. Have an Active ABN

Most lenders require:

• An ABN that’s been active for at least 6 to 12 months
• GST registration (especially for purchases over $75,000)

This helps show that your business is legitimate and earning.

2. Gather the Right Documents

To get approved for truck finance, lenders generally require:

• Business bank statements (last 6 to 12 months)
• A truck quote or invoice
• Photo ID and proof of address
• Invoices or contracts to verify income
• Tax returns or BAS (for larger loans)

If you're just starting out or don't have full financials, we also offer low-doc truck finance options for sole traders.

3. Decide on the Truck

Know what you’re buying:

• Make and model
• New or used
• Buying from a dealer or private seller
• Purchase price including GST

Having this ready helps us tailor the best finance deal for your situation.

4. Understand How Truck Loans Work

We offer secured truck finance with flexible loan terms and fixed monthly repayments. The truck acts as security for the loan, helping keep rates competitive and approval times fast.

We don’t offer leasing or hire arrangements, so you own the asset from the start.

5. Work With a Broker Who Knows Transport Finance

Truck finance is not one-size-fits-all. At Hanna Lending Services, we help sole traders across Perth and Australia find the right funding, fast.

Let’s Get You on the Road

Need finance for a truck, trailer or ute? We can help. Apply online or get in touch for a quick chat about your options.