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Access No Doc & Low Doc Equipment Loans at Lower Rates
Interest rates are not necessarily higher for businesses without financials. With our specialist expertise and access to 80+ lenders, we assist operators to achieve lower rates on asset financing, even if they don’t have full financials. Operators across many sectors benefit from using our specialist services to achieve workable funding without complete documentation.
We provide solutions to assist operators that are facing difficulties in sourcing funding to acquire the machinery and goods required for their enterprise. Workable funding that is individually sourced and negotiated to meet specific requirements and achieve specific objectives.
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Flexible Financing Options for No Doc & Low Doc Equipment Loans
Compare Interest Rates for No Low Doc Equipment Loans
We achieve lower rates across our credit product portfolio to provide operators with solutions that deliver results and projected ROI. For applicants without financials, the interest rate on asset financing do not necessarily increase. Affordable, workable rates can be achieved for many applicants. For planning purposes, use these rates and contact us for a quote on what we can achieve for you.
| Loan Product | Interest Rate | Monthly Repayment |
| {{Loan Product}} | {{From - Advertised Rate}} {{Rate Type}} |
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Equipment Interest Rate Estimates with Our Calculator
How to Get No Doc Equipment Loan Estimates with Calculator
For planning and budgeting, use our calculator to work up estimates of repayments and to establish what terms and balloon/residual make work best for your circumstances. The input can be varied to establish the preferred structure to brief our brokers. Compare machinery at different prices to assist with making buying decisions.
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Understanding No Doc Equipment Loans
What are no doc equipment loans?
Applicants that fall into this category of commercial financing are those that do not have access to or have accrued all the financials requested by many banks and lenders. The type of financials generally required to fully complete a commercial funding application include income tax returns, annual accounts, BAS returns, profit and loss statements, trading figures and similar records. These may be unavailable due to the short timespan that the enterprise has been in operation or for other reasons.
The description refers to the application or enterprise, not a specific type of funding product. With approval of the application, the operator can select the most suitable product to suit their operation and realise the tax benefits appropriate to that product.
The profiles for this type of funding may encompass both small and larger organisations – start-ups and new enterprises, ABN holders, SME, sole traders, self-employed and owner-operators. We have connections with lenders that approve applications based on turnover and other aspects, where complete financials are unavailable.
What type of finance is low doc equipment loan?
What type of finance is low doc equipment loan?
Those enterprises that have some but not all the financials can be categorised as low or lite rather than no. Lite docs refers to having part of the paperwork but not all that is typically required. Some partial accounts records and part-year turnover and trading records may be available. Possibly the enterprise has not traded for long enough to submit a tax record or prepare the annual accounts. We do have lenders that consider approval for applicants with turnover figures for a 6 month period.
Many types of operating set-ups across many sectors can fall into this category. Our expert brokers assist operators across Australia with lite doc options to secure funding for the assets needed to support their operation.
Expert Solutions at Your Fingertips
Direct Access to Expert No Doc Equipment Loans Solutions
Many operators without financials will realise the challenges in applying directly to a bank or finance company. We assist in overcoming those challenges with our specialist services. Over our 20+ years of experience in the commercial lending sector, we have been granted accreditations with more than 80 lenders. That includes major banks and specialist non-bank lenders that work only through brokers, not directly with customers.
Our brokers have industry-level connections with these lenders and understand the matrix used to approve applications without financials. The matrix and the requirements can vary across the market. With our specialist knowledge, connections and expertise, we assist operators connect with the solutions that suit their application.
Clients can contact us directly for immediate access to the lite doc lending market. A referral from an accountant or other advisor is not required. Just make the call, connect with one of our brokers that has experience in sourcing funding for machinery in your industry, and we handle the rest of the process.
We are an Australian company with brokers based right here and with the technology and resources to assist operators in all areas of the country. We are across not only a large section of the lending market but abreast of the latest asset investment tax regulations. Knowledge that we use to structure tax effective solutions for our clients.
- 80+ lenders.
- Expert brokers with specialist lite doc financing experience.
- Workable, tax-optimised solutions.
- No referral required
- Australia wide service
Wide Range of Loan Products Available
Get All Types of No Doc Equipment Loan Products
When approved for no or lite doc funding, operators have the full portfolio of options to select from:-
- Low Doc Chattel Mortgage Equipment Finance
- No Doc Equipment Rent to Buy
- Low Doc No Doc Equipment Leasing
- Equipment Commercial Hire Purchase Low No Docs
Simple Steps to Apply for Low Doc Equipment Loans
How to Apply for Low Doc Equipment Loans
Using our services, applicants receive the full support and guidance of one of our brokers in making the funding application. Each application is assessed individually, here is a general guide as to what may be required:-
- ABN essential.
- GST registration not an essential requirement but some lenders view registration favourably.
- Turnover figures for the period of trading to date are highly recommended.
- Where available, provide BAS returns, bank statements, simply accounts spreadsheet to show cash flow.
- Personal credit profile and financials of owner may be required.
- Advise details of the goods being acquired – new and used assets can attract different rates and conditions.
- Additional security or personal guarantee may be requested.
Streamlined Approval Process
Fast Approval for No Low Doc Equipment Loans
Applications for this type of funding are best made via a phone conversation with one of our brokers so we can obtain a complete picture of your circumstances. Applications don’t always attract higher rates and they also do not always take longer to get approved.
Applicants can often receive news of approval within 24 hours.
FAQs
No Doc & Low Doc Equipment Loans
No. When an applicant has no financials they are considered under the category of application without financials. This is not a specific credit product. It is a description of the application. When approved, applicants may choose the product from the portfolio offered.
Not all self-employed operators may require lite doc funding consideration. Where they have been trading for over 12 months, they may have all the financials required to complete the standard application form.
All applicants for commercial funding must have an ABN but being registered for GST is not essential. Applicants should provide whatever financials and accounts records they have accrued to support their application.
Yes. When approved for lite doc funding, an operator may select Leasing if it is considered best-suited to meet their objectives.
All types of assets including plant and machinery, to be used in a commercial operation may be suited to commercial credit approval. An assessment of the machinery being acquired forms part of the application approval process.
Interest rates on all commercial funding applications are offered based on the lender assessment of the application. Lite doc applicants can be offered competitive rates through selected specialist lenders.
No. Registration to pay and claim GST is not an essential requirement for any commercial credit application form. Registration can be considered in a favourable light by some lenders.
The quantity of financials and other records provided in an application will determine if the applicant is considered for a no or a lite doc option.
Security required for all commercial funding is based on lender guidelines. In some cases the goods being acquired may be the only security required. For some applicants, additional collateral may be requested. This may be in the form of other property or assets or a personal guarantee.
Yes. When approved, applicants for all commercial funding are entitled to the tax deductions and other benefits for the credit product selected.
Chattel Mortgage, Leasing, Rent to Own and CHP are available for lite doc applicants. The best option will be the one which is best suited to the accounting practices, balance sheet approach and objectives of the operation.
There are lenders that will approve lite doc applications based on turnover figures over a 6 month period. Operators may use a broker to connect with these lenders.
Yes. Applications can be approved prior to purchase. The loan amount can be estimated. An indication of the goods to be acquired will be required.
Lite doc financing may require a selection of records including tax returns, BAS statements, turnover, cash flow, annual accounts and similar.
Yes. Start up and new enterprises usually do not have all the documentation as requested. There are lenders that will approved funding for operator starting out. Additional security may be requested.
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