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Equipment Loan & Low Doc Finance

Purpose-built for businesses that can't provide full financials. Use your ABN, bank statements or BAS — and get fast access to equipment finance without the paperwork burden of traditional lending.

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Equipment Loan & Low Doc Finance

A low doc equipment loan is designed for self-employed operators, sole traders and businesses without up-to-date tax returns. Instead of full financials, lenders use alternative evidence of income and business activity to assess the application.

Best for:

Sole traders, new businesses, self-employed operators without current tax returns, and businesses declined by their bank due to insufficient documentation.

Advantages

  • ✓No tax returns required in most cases
  • ✓ABN, bank statements or BAS often sufficient
  • ✓New businesses and start-ups considered
  • ✓Fast approvals — often 24 hours or less
  • ✓Minimal paperwork compared to traditional lending
  • ✓Available for a wide range of asset types

Things to Consider

  • −Interest rates typically slightly higher than full doc
  • −Loan amounts may be capped without full documentation
  • −Some lenders restrict asset age or type for low doc
  • −Fewer lenders offer low doc than full doc pathways
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Our matched brokers will explain all your options in plain English and recommend the right structure for your specific situation — not a one-size-fits-all answer.

  • ✓Free — no obligation
  • ✓No credit score impact
  • ✓Plain English explanations
  • ✓Response within 2 business hours
FAQs

Common Questions

Requirements vary by lender but typically include: a valid ABN, 6–12 months of business bank statements, a description of the equipment, and sometimes a BAS statement. Some lenders approve based on ABN and asset alone for lower amounts.
Some lenders consider ABNs from day one for certain assets with strong security value. Others prefer 6–12 months trading history. Your broker will match you with the most suitable lender.
Typically 1–3% higher than equivalent full doc rates. For many businesses, access to finance outweighs the slightly higher rate — particularly for assets that generate income.
Yes. Many businesses start on low doc and refinance once they have 1–2 years of tax returns, which can significantly reduce the interest rate.
Related

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