Private Lending for Sole Traders

Apply Now

At Innovate Funding, we know that sole traders are the driving force behind many successful Australian businesses. But when it comes to finance, sole traders often face challenges especially if they don’t have extensive documentation or if banks are unwilling to consider alternative income verification. That’s why we provide fast, flexible private lending tailored to the needs of sole traders.

Whether you need cash to start a new project, purchase equipment, or manage seasonal cash flow, we can fund you quickly with property-secured loans that cut through the red tape.

How Innovate Funding Can Help Sole Traders

Our loans can be used for a wide range of business purposes, including:

Project Funding – Cover upfront costs for new contracts or projects.
Equipment Purchases – Buy the tools or machinery you need to operate efficiently.
Cash Flow Support – Manage seasonal fluctuations and unexpected expenses.
Marketing & Growth – Invest in advertising and promotions to bring in new customers.
Debt Consolidation – Combine multiple debts into one manageable repayment.
ATO Debt Repayment – Settle tax obligations before penalties escalate.

Sole Trader Lending Criteria

To qualify for our sole trader private loans, we typically require:

Minimum 12 months of trading history.
GST registered (or an accountant’s letter if not).
Clear outline of the purpose of funds for business use.

Additional Evidence Requirements
In some cases, we may require further verification to confirm the legitimacy of the business before approval. This could include:

An accountant’s letter confirming active trading, the business ABN, and the intended purpose of funds.
Bank statements showing regular business activity and income.
Supplier invoices, client contracts, or purchase orders that align with the funding request.
Marketing materials or website listings that support the trading history of the business.

These requirements ensure the loan is genuinely for business purposes and help us tailor the funding to suit your needs.

Loan Features & Terms

Loan Amounts: From $50,000 to $5,000,000+.
Rates: Starting 8.75% p.a. for first mortgages and 12.95% p.a. for second mortgages.
LVRs: Up to 75% on residential property, 60% on commercial property (higher with multiple securities).
Security: Residential, commercial, or mixed-use property.
Approval Times: Conditional approvals within 24–48 hours.
Documentation: No-doc
- Identification
- Council Rate Notice
- Loan statement/ pay-out letter (second mortgage)

Example Scenarios We’ve Funded

Tradesman Vehicle & Tools – $75,000 to purchase a new work vehicle and specialist tools for larger contracts.
Creative Studio Launch – $50,000 to help a freelance designer establish a professional studio space.
Catering Business Expansion – $90,000 for a sole trader catering company to upgrade kitchen facilities and increase capacity.

Why Sole Traders Choose Innovate Funding

Quick Decisions – Get the funding you need in days, not months.
Flexible Lending – Designed around your business needs, not rigid banking policies.
Australia-Wide Service – Funding for sole traders in metro, regional, and rural areas.
Business-Focused – Every deal assessed on its merits, with practical lending solutions.