Low Doc Equipment Finance
Self-employed? Contractor? Sole trader? Get equipment finance without the mountain of paperwork. Our low doc options let you finance machinery using just bank statements and BAS - no tax returns or detailed financials required.
Bank statements only. Fast approvals. ABN holders welcome.
Equipment Finance Without the Hassle
Traditional equipment finance often requires mountains of paperwork - tax returns, profit and loss statements, balance sheets, and accountant-prepared financials. For busy business owners, gathering all this can be time-consuming and frustrating.
Low doc equipment finance is different. Instead of detailed financial statements, lenders assess your application based on bank statements that show your real cash flow. It's a simpler, faster way to finance the equipment your business needs.
If you're self-employed, a contractor, or running a small business with an ABN, low doc could be the right option for you.
Who Is Low Doc Equipment Finance For?
Designed for business owners who prefer less paperwork
Self-Employed Business Owners
Running your own business means your tax returns might not reflect your true income. Low doc lets you prove income through bank statements instead.
Sole Traders
Operating as a sole trader often means simplified accounting. We work with lenders who accept BAS and bank statements rather than detailed financials.
Contractors & Subcontractors
If you work on contract, your income might vary between jobs. Low doc finance looks at your cash flow rather than fixed salary.
ABN Holders
Whether you have a new ABN or an established one, options are available. Some lenders accept ABNs from 6 months old.
Tradies
Builders, plumbers, electricians, and other trades often prefer to focus on the job rather than paperwork. Low doc keeps it simple.
Small Business Owners
Don't have time to compile detailed financial statements? Low doc can work with what you have readily available.
What Do You Need for Low Doc?
Simple documentation requirements - that's the point
Bank Statements
3-6 months of business bank statements showing regular income and cash flow.
BAS Statements
Recent BAS/GST statements to verify business activity and turnover.
ABN Details
Active ABN registration, typically 6+ months (some lenders accept newer).
ID Documents
Standard identification - driver's licence or passport.
Equipment Quote
Quote or invoice for the equipment you want to finance.
Note: Exact requirements vary by lender and loan amount. For larger amounts or certain situations, additional documentation may be requested. We'll let you know exactly what's needed for your application.
Benefits of Low Doc Equipment Finance
Why business owners choose low doc
Minimal Paperwork
No need for detailed financial statements, tax returns, or accountant-prepared documents. Just bank statements and BAS.
Fast Approvals
With less documentation to review, approvals can often come through within 24-48 hours.
Cash Flow Focus
Lenders assess your actual bank deposits and spending patterns, giving a real picture of your business health.
New ABN Considered
Some lenders accept ABNs from 6 months. If you have industry experience, options may be available even for newer businesses.
All Equipment Types
Low doc is available for construction, agricultural, medical, manufacturing, and most other equipment types.
Bad Credit Options
Some low doc lenders also specialise in bad credit. Past issues can be considered alongside current performance.
Low Doc Equipment Finance Details
Simple finance for busy business owners
Finance for most business equipment needs
Less paperwork means faster decisions
Some lenders accept newer ABNs with industry experience
How Low Doc Equipment Finance Works
A simpler path to equipment finance
Quick Application
Tell us about the equipment you need and your business. We keep the initial application simple and straightforward.
Provide Basic Documents
Bank statements, BAS statements, and ABN details. No tax returns or detailed financials required for most applications.
Fast Assessment
We match you with low doc lenders and get approval decisions quickly - often within 24-48 hours.
Get Your Equipment
Once approved, settlement is fast. Get your equipment and start using it in your business.
Checking your options won't affect your credit score
Low Doc vs Full Doc Finance
Understanding the difference helps you choose the right option
Low Doc
- Bank statements only
- No tax returns required
- Faster approval process
- Ideal for self-employed
- Rates may be slightly higher
Full Doc
- Potentially lower rates
- Higher borrowing limits
- Tax returns required
- Financial statements needed
- Longer application process
Not sure which is right for you? Talk to our team and we'll help you choose.
Low Doc Equipment Finance FAQs
Common questions about low documentation equipment loans
Low doc equipment finance allows you to get approved with minimal paperwork - typically just bank statements, BAS statements, and ABN details rather than full financial statements, tax returns, or accountant-prepared documents. It's designed for self-employed people and small business owners who may not have traditional documentation.
Low doc is typically suited to self-employed business owners...
Low doc is typically suited to self-employed business owners, sole traders, contractors, subcontractors, tradies, and ABN holders. You generally need an active ABN (typically 6+ months), regular income showing in bank statements, and the ability to service the repayments.
Most low doc applications require: 3-6 months of business ba...
Most low doc applications require: 3-6 months of business bank statements, recent BAS/GST statements, ABN details, standard ID (licence or passport), and a quote for the equipment. Tax returns and accountant-prepared financials are typically not required.
Low doc rates are sometimes slightly higher than full doc ra...
Low doc rates are sometimes slightly higher than full doc rates because the lender takes on more risk with less verification. However, the difference is often modest, and the time saved and convenience can outweigh the small rate difference. We always compare options to find competitive rates.
Some low doc lenders also specialise in bad credit situation...
Some low doc lenders also specialise in bad credit situations. If you have past defaults, judgments, or other credit issues, options may still be available - particularly if your current business cash flow is strong. We work with specialist lenders who consider the whole picture.
Low doc applications are often faster than traditional finan...
Low doc applications are often faster than traditional finance because there's less documentation to review. Many applications can be approved within 24-48 hours. Settlement typically follows within a few days of approval.
Low doc is available for most types of business equipment in...
Low doc is available for most types of business equipment including construction machinery, agricultural equipment, medical equipment, manufacturing machinery, trucks, trailers, and more. The equipment type generally doesn't limit your ability to use low doc finance.
Deposit requirements vary by lender and your situation. Some...
Deposit requirements vary by lender and your situation. Some low doc lenders offer no-deposit options for strong applications. Having a 10-20% deposit can help secure approval or better rates, especially for larger amounts or if there are any credit concerns.
Most low doc lenders prefer ABNs that are at least 6-12 mont...
Most low doc lenders prefer ABNs that are at least 6-12 months old. However, if you have prior industry experience or other strengths, some lenders may consider newer ABNs. We work with a range of lenders with different criteria.
Low doc is ideal if you're self-employed, don't have up-to-d...
Low doc is ideal if you're self-employed, don't have up-to-date tax returns, find your income is hard to verify through traditional documents, or simply want a faster and simpler application process. If you have full financials readily available, full doc may offer slightly better rates.
Still have questions? Contact our friendly team