An ABN identifies a business for dealings with government and other organisations. For a business loan, the correct borrowing entity matters. A trading name may be linked to a company, trust, partnership or sole trader, so do not rely on the name alone.
Start with these steps
- Search ABN Lookup using the legal entity name or trading name.
- Check a recent invoice, BAS, business letterhead or tax record.
- Ask your accountant or bookkeeper to confirm the correct entity.
- Make sure the ABN is active and the entity matches the proposed borrower.
When short term business funding may help
Property secured business finance may be relevant when there is a defined need, sufficient equity and a realistic event that will repay the facility. Examples include an incoming refinance, contracted property sale, major debtor receipt, asset sale or time limited commercial opportunity.
Equity Tap considers business facilities from $50,000 to $5 million for terms from one to twelve months. The loan must be for business purposes and secured by acceptable Australian real estate.
Questions to ask before borrowing
- What exact problem or opportunity will the funds address?
- What happens if the expected exit is delayed?
- What is the full cost including interest, establishment and legal costs?
- Is the amount borrowed proportionate to the benefit?
- Have appropriate legal, tax, accounting or insolvency advisers been consulted?
Talk to Equity Tap without judgement
Financial pressure can make business owners delay difficult conversations. Our role is to understand the facts and give you a clear lending answer. We will explain if the scenario fits and what information is needed next.
This guide is general information only and is not legal, tax, financial or insolvency advice.