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Sole Trader Business Loans

As an experienced broker that works with the widest range of lenders in Australia in addition to our network of personal investors, Universal Finance is the place to come for sole trader loans. Our team offers years of experience in achieving loans for sole traders that meet your needs and help you advance your business to the next level.

Speak with the team at Universal Finance today to discover how quickly we can achieve the sole trader business loan you need with minimal paperwork involved.

How to achieve sole trader loans in Australia

A sole trader loan can be a difficult financial product for many to achieve, but with Universal Finance on your side, the process can become much easier for all involved. Typically, business loans for sole traders are difficult because you need to prove that the business has a steady income with years of financial evidence.

A sole trader business loan takes into account your personal financial situation as well as your business financial position before granting any lending which results in a complex process that rarely finds approval stamped at the bottom of your application.

At Universal Finance, we believe that sole trader loans should be granted based on the potential of your business which is why we work hard to make the process as simple as possible for each of our applicants. Our team will work with you to ensure that even if you have bad credit hanging over your head, you will be able to find the loan that works for you.

The features of a Universal Finance sole trader loan

The sole trader business loans that are available through Universal Finance come with a range of features and benefits:

  • Fast approval times
  • Quick settlements
  • Private lending lines that can help to finance your sole trading business
  • Varying interest rates that can start as low as 0.99%
  • Little or no verification of income required
  • No credit checks
  • No valuation or exit fees

What loans for sole traders can help with

In the world of small business, there is a world of financial pressures that sole traders experience. From the startup costs of the business to expanding your operation to compete with the larger chains, the challenges of small business can be seemingly endless.

Sole trader loans are there to help relieve some of those financial pressures so that you can get on with doing what you do best. With the extra funds that you need, you have the opportunity to focus on what makes your sole trader business great and the best chance of succeeding in your line of work.

Achieving the great Australian dream of owning your own business is no small thing and we understand that sometimes, businesses just need a financial helping hand to make it through the tough times. Choose Universal Finance and its network of private lenders to help you achieve your dreams with a sole trader loan that can propel your business to the next level.

How to get a sole trader loan with bad credit

Bad credit is not the end of the world. Though it may limit your options when it comes to traditional credit and lending companies, our team of lending specialists will be able to present you with a range of loan options for your sole trading business.

When you choose to work with our lending company for your sole trader loan, bad credit is a non-issue. With the private lending lines that we have established at Universal Finance, we are sure that no matter what your credit situation is, we can find the kind of sole trader business loans that you need.

Our private lending network means that you don’t need to meet regular lending criteria. We don’t do lengthy credit checks like traditional lenders do and we will refrain from digging deep into your finances which is how we can provide a loan for a sole trader business with such quick approval times and with fast settlements too.

Business loan for sole trader requirements

The process of achieving a sole trader loan with Universal Finance is actually simpler than you might think. Our initial consultation is about gathering the details of the kind of loan you need so we can understand your financial position. From there you simply need to complete your loan application form.

In most cases, we can have a loan offer ready for you within 24 hours complete with interest rate details and repayment terms. It is then up to you to decide if our sole trader loan offer is the right one for you. Once you have accepted the loan terms and conditions and signed on the dotted line, we then expedite your settlement as quickly as possible.

For years we have helped our customers gain access to the funds that they need, with guaranteed approvals in the vast majority of cases, so that they can get on with their business and limit the financial worries that are involved.

Contact Universal Finance today

Whether you are a sole trader looking for the best loan in Australia or a broker looking to find the right finance company to help your client, Universal Finance is only a phone call away. With a team of experienced lending specialists and connections with some of Australia’s best small business lenders, you can be sure that Universal is going to have the finance options you need.

Universal Finance is a top Australian lender that offers some of the best loans for sole traders in the market. We pride ourselves on offering finance where many other lenders would not so that you always have an option available to you. Be it through our network of private investors or with the right financial institution, we will always do our best to ensure that your sole trader loan comes through.

Contact the team at Universal Finance today to discover the best sole trader loans from a company that understands what it takes for a small business to succeed.


Can you get a loan as a sole trader?

IYes, you can. There are a range of sole trader loans that are available in Australia. Universal Finance offers small trader business loans either as direct finance through our network of private lenders or a range of other lenders around the country.

Which types of financing are available to sole traders?

If you apply for a loan in the name of your sole trader business, then it is considered to be a sole trader loan. This type of loan is a combination of a personal loan and a small business loan that takes into account your personal finances as well as that of your sole trader business.

Why is it hard for a sole trader to get a loan?

Sole traders often struggle to get approved for loans because their business is interconnected with their personal finances. Approval for a sole trader loan from a regular financial institution is sometimes difficult to achieve as you need to provide years of financial evidence and tax returns that show your business can pay the loan off over the term.

What documents do I need to apply for a sole trader loan?

If you are applying for a loan with Universal Finance, your application will be light on the paperwork. We don’t need years of tax returns to prove your income and we will not run credit checks or any of the other processes that take up valuable time when it comes to loan approval. To begin the application process, you simply need to fill in our online form with your basic information.

Can I get a sole trader business loan if I have bad credit?

Yes, you can. Bad credit is not the end of the world when it comes to sole trader business loans. Though usually for a sole trader loan, bad credit can be something that limits your chances of approval. At Universal Finance, we offer a range of sole trader loan solutions that are still available to businesses, even if they have had bad credit in the past.

What can you use a sole trader loan for?

A sole trader loan can be used for anything you need. You can use the money to expand your business operations, build up the marketing for your brand or to purchase a new vehicle or equipment for your operation. A sole trader loan is very similar to a personal loan when it comes to any restrictions that are placed on the funds, so you are free to use the money in whichever way you need to.