FAQs

All types of plant, machinery and equipment used in a business operation may be financed with a loan with minimal financials.

Loans without full documentation describe applying businesses that do not have all the financial records required in the standard commercial funding application form. It is not a distinctive credit product but a description of the applicant.

Interest rates are offered by lenders on an individual basis. Lenders assess applications for creditworthiness and strong financials when making interest rate offers. A request to a lender will need to be made to obtain an interest rate quote.

Yes. If a sole trader has an ABN and ID, they can be eligible to apply for commercial credit.

To be eligible for all types of commercial funding, operators must have an ABN and ID. Business owners should also provide as much financial information on the enterprise as is available.

When an applicant is approved on a low documentation basis, they may select the most suitable credit product from Lease, Rent-to-Own, Commercial Hire Purchase and Chattel Mortgage.

The assets being funded on a without financials basis can be used as the main collateral for the loan. Individual lenders may request operators provide additional collateral with business or personal assets.

Yes. All commercial entities both new and well-established can be eligible to apply for funding.

The loan amount approved for applicants with minimal documents is subject to lender assessment of the application.

Yes. When approved as a low doc applicant, operators may select Leasing.