INTRODUCTION
A new contract. A truck needed to service it. And a deadline that wasn’t moving.
Our client needed $320,000 in truck finance — fast. He wanted a low-doc solution to keep things simple. But every lender he approached turned him away. Two reasons: his ABN was just under 3 years, and the deal size sat above what most lenders were willing to fund without a longer track record.
With a contract on the line, losing the truck meant losing the work. He came to Xpress Finance.
DEAL SNAPSHOT
| Loan Amount | $320,000 |
| Asset | Commercial Truck |
| Industry | Transport / Logistics |
| Business Stage | ABN just under 3 years |
| Key Challenge | ABN age + lender funding cap of $300k. Both needed to be waived |
| Solution | Credit waivers secured on both conditions via lender relationship |
| Approval Time | 24 Hours |
| Settlement Time | Fast-tracked to meet contract deadline |
01 — CLIENT SCENARIO
A transport operator had just secured a new contract. To fulfil it, he needed a truck on immediate basis. He had an ABN approaching the 3-year mark, a clean financial profile and a clear income stream from the contract ahead.
On paper, a solid borrower. But the market didn’t see it that way.
He came to us after being knocked back by every lender he’d approached. The deal was real. The barrier was the structure.
02 — THE CHALLENGE
This wasn’t a straightforward application. Three things stacked against the deal from the start:
- ABN just under 3 years- Most lenders require a minimum 3-year ABN history for deals of this size
- Loan amount of $320k- The only lender willing to consider his profile had a hard cap of $300k
- Low-doc preference- The client wanted to move fast and avoid full financials
- Time pressure- The contract window was tight; a slow approval would cost him the opportunity
- No lender in the market would approve both the amount and the ABN age simultaneously
In lending terms: two policy exceptions were needed from the same lender at the same time. That’s not something you achieve through a standard submission.
03 — THE APPROACH
We didn’t look for a workaround. We went straight to the source.
Xpress Finance identified a lender that could do this deal but only with credit waivers on both conditions: the ABN requirement and the $300k funding cap.
Because of our long-standing relationship with this lender, we were able to present the deal directly and make the case for both exceptions simultaneously. The client’s contract, financial position and clear repayment capacity told the story we needed.
We structured the application around the strength of the deal and requested both waivers as part of a single, well-packaged submission.
No financials required. Low-doc, as the client needed.
This is the difference between a broker who knows the product list and one who knows the people behind it.
04 — THE OUTCOME
Full approval. $320,000. In under a day.
Both credit waivers were approved. The deal was funded at a rate that competes with the Big 4. No financials were required. The client had his truck, his contract and the foundation to grow.
Result: $320k in commercial truck finance approved with a sub-3-year ABN and above a lender’s standard cap. Low-doc, competitive rate, settled fast.
CLOSING
If you’ve been told no by a bank, a broker or a lender, it doesn’t always mean the deal is dead.
Sometimes it means the deal needs the right structure, the right lender and someone with the relationships to make both work.
At Xpress Finance, we’ve settled $300M+ in commercial finance. We work with 50+ lenders. And we know how to get deals across the line that others won’t touch.
Speak to the Xpress Finance team today.
No obligation, no jargon, just honest guidance on what’s possible.
FREQUENTLY ASKED QUESTIONS
Can I get truck finance with an ABN under 3 years?
Yes, in the right circumstances. While many lenders have a 3-year minimum, approval is possible with a strong underlying deal. The key is how the application is structured and who it goes to. Xpress Finance has lender relationships that allow for exceptions standard brokers can’t access.
What is a credit waiver in commercial lending?
A credit waiver is an exception to a lender’s standard policy, approved at a senior level. It’s not a loophole It’s a formal approval to fund a deal outside the usual criteria. Getting one requires a strong submission and a trusted relationship with the lender.
Can I get truck finance without providing full financials?
Yes. Low-doc truck finance is available for business owners who meet certain criteria. In this deal, Xpress Finance secured $320k with no financials required. Eligibility depends on your profile, loan size and lender. Speak to us to find out what’s possible for your situation.
How fast can truck finance be approved?
In this case, full approval came within one business day. Speed depends on how well the application is packaged and which lender it goes to. A well-structured submission to the right lender moves significantly faster than a generic one.
What if every lender has already said no to my deal?
It doesn’t necessarily mean the deal is dead. It often means the deal was submitted incorrectly, or to the wrong lenders. Xpress Finance works with 50+ lenders and has the experience to repackage and reposition deals that have previously been declined.
Why use a commercial finance broker instead of going direct to a bank?
A commercial finance broker like Xpress Finance has relationships with multiple lenders, including access to credit teams that standard applicants can’t reach. This means better rates, faster approvals and the ability to get exceptions that direct applicants simply can’t obtain on their own.