Bad credit, defaults, missed payments, or a winding-up application on file? It doesn't decide this loan. We secure against the asset you already own, not your credit history.
Bad credit, a default, a missed payment, even a winding-up application. None of it stops you accessing funding with ABL. We don't pull a credit file, and we don't lodge an enquiry. The asset is the assessment.
A no credit check business loan is short-term commercial finance approved without pulling a credit file or assessing credit history. For businesses with bad credit, defaults, missed payments, ATO debt, or recent financial pressure, this is often the only viable path to fast funding.
Traditional lenders run a credit check on every application. A single default kills the file. A winding-up application makes you uninvestable in their model. Even paying off a problem doesn't help in the short term, because the record stays on your credit file for years.
ABL works differently. We're a private lender providing bad credit business loans assessed purely on asset value. We do not run credit enquiries during assessment. We do not report the loan to credit bureaus. Your credit file is untouched by applying, borrowing, or repaying.
This is genuine no-credit-check lending, not "soft check" or "minimal credit review" dressed up as no-doc. We don't ask, we don't pull, we don't report. If you own an unencumbered asset of sufficient value, we can lend against it. Loans range from $20,000 to $1 million, on terms of 1 to 9 months. Repay anytime after month one.
Four scenarios where a bad credit business loan from ABL works when nothing else will.
An old default, a payment plan that lapsed, a dispute that escalated. Whatever the cause, it's locking you out of traditional finance. Not here.
Tax debt is on the credit file. So is a Director Penalty Notice. Traditional lenders won't move. We will.
Someone applied to wind up your business. Even if the matter resolves, the record kills bank applications. We don't check.
Director's personal credit took a hit. Banks pull that file when assessing your business. We don't pull either.
Other lenders use credit history as a proxy for repayment risk. ABL doesn't need a proxy. We hold the asset until the loan is repaid. If repayment falls over, the asset clears the loan. Your credit history doesn't change the maths.
A lot of lenders advertise "bad credit OK" then run a credit file check anyway. Here's how the options really compare.
| Traditional lender | "Bad credit OK" lender | No credit check (ABL) | |
|---|---|---|---|
| Credit file pulled | Yes, full | Yes, "for context" | No, never |
| Credit enquiry lodged | Yes | Usually | No |
| Defaults & DPNs | Decline | Reviewed case-by-case | Not assessed |
| Director personal credit | Yes, checked | Usually checked | Not checked |
| Reported to bureaus | Yes | Yes | No |
| Approval basis | Credit + financials + security | Cash flow + lighter credit review | Asset value only |
| Best for | Clean file, time on your side | Minor blemishes, reasonable trade | Bad credit, defaults, DPNs, asset-rich |
For deeper comparisons, see our guides on asset-based lending vs traditional bank lending and asset-based lending vs cash flow lending.
Five steps from enquiry to funds in your account. Most deals settle inside 48 hours.
Truck, machinery, equipment, stock, art, gold. We'll value it the same day.
Issued within 2 hours. Costs upfront, no surprises.
Stored with us or kept in service with GPS tracking fitted.
Funding released the same day once the asset is secured.
Exit anytime after month one. Repay early, get the asset back.
We work with brokers and advisors across Australia.
We'll get back to you the same day.
Prefer not to use the form? Email us at contact@assetbasedlending.com.au or call 1300 225 101.
The questions we get most about bad credit and no credit check business loans. Call us if yours isn't here.
If credit problems are the reason you've been told no elsewhere, that's not the reason here. Call us, tell us about the asset, and we'll talk you through it in under ten minutes.
