What is a Low Doc Commercial Business Loan?

  • Low doc commercial business loans provide business’s working capital without the need for full financial records to be provided.
  • The documents most business lenders require include financial statements, sources of income verification and full tax returns. We don’t require any of that for our Lo Doc Business Loans.
  • Our Low Doc Business Loans simply don’t require all of this unessessary documentation
  • Also suitable for new entrepreneurs, business start-ups, self-employed people, and builders, property developers and tradies.

Traditional Full Doc business loans take so long to settle, and have fallen out of favor with busy business owners who have better things to do than supply endless requests for documentation before a lender will even approve the loan.

Our Low doc loans means that borrowers can receive money without having to provide loads of documentation. In fact, some business owners who have gone for a Full Doc loan tell us that they found themselves rejected because some documents are missing. It’s so frustrating, and when time is money, the lure of a cheap Full Doc rate can often be false economy.

A Low Doc loan may look a little more expensive, but in the long run they can work out less expensive than a Full Doc loan because they are faster and take up far less of your time during the approval process.

Plus at the end of the day, if you get declined for a Full Doc loan, what use is that to you? It’s just wasted a lot of time and caused lots of headaches.

What is a LVR?

LVR stands for loan-to-value ratio, representing the amount you can borrow against the chosen security property. The LVR is a specific percentage of the property value, and with us you are fortunate, as you can borrow approximately 75% of the value of the property.

The higher the property value, the more you can borrow. However please remember that the LVR represents all debt on the property.

HOW IT WORKS – If you have a property worth $1,000,000 and you owe $400,000, then you are currently at 40% LVR.

As we lend to 75% LVR, this means we can lend you an additional $350,000 including costs.

The same applies if you have multiple properties all mortgaged to the same 1st mortgagee. For example, if you had 3 properties each worth $900,000 (combined value = $2.7M) and you had a 1st mortgage of $1.2m, then your LVR is at 44%. As we can lend to 75% of the $2.7m, it means we can lend the difference between $2,050,000 and the debt of $1,200,000 = we can lend $825,000 including costs.

How does a Lo Doc business loan work?

  • Lo doc business loans are designed for business owners that find it difficult to provide sufficient documentation (eg: tax returns, etc) and therefore do not qualify for a concessional Full Doc business loan
  • Lo Doc Business Loans (which stands for “low documentation”) need hardly any paperwork, and hardly any financial records. They can be used to meet both short term and long term business finance needs.

Lo Doc business loan features and benefits

Features Benefits
Hardly any paperwork required Lo Doc Business Loans are versatile and can be used for almost any business purpose
Long term and short term loan terms By not needing loads of documents means faster approval and settlement times
Faster application process Borrower doesn't need to incur costs by having to get their accountants to provide financials
Faster approval times
Higher chances of approval
Ideal if your tax returns aren't up to date

How do I get a Lo Doc Business Loan?

You can get a Lo Doc Business Loan in just 3 simple steps –

Step 1

Fill out our pre-approval form – it takes only a couple of minutes!

Step 2

Receive an immediate decision – upload a few documents for verification

Step 3

Once loan agreement is signed, your funds will be in your account within 2 hours.

Why a Lo Doc Business Loan?

The Lo Doc commercial business loan is a lifesaver for many business owners. They save so much wasted time, save headaches for you and your accountant, and you are much more likely to be approved for a Lo Doc Business Loan than a Full Doc Business Loan.

Our Lo Doc business loan is also perfect if you are a new business start-up, or you haven’t been trading very long. A poor credit score, loan arrears and unpaid tax debts are also no problem for our Lo Doc buisness loans.

Regardless of what your past credit report might look like, our Lo Doc Commercial Business Loans are available to all eligible Australian applicants.

Our team at www.ShortTermCaveatLoans.com.au are the Lo Doc Business Loan specialists. In fact, it is all we do.

We provide the fastest settlements and one of the most competitive short term Lo Doc rates in the industry.

Best of all, our loan terms are very flexible and have been tailored with our customers in mind. They can be for as short as 1 month, or as long as 24 months.

Frequently Asked Questions

It works just like a normal Full Doc business loan; however our Low Doc Business Loans don’t require tonnes of documentation on past financial performance, etc.

Lo Doc Business Loans are perfect for businesses that find difficulty to provide traditional banks with relevant financial records.

NO. As long as the loan is for a business purpose and there is enough equity in real estate security, we will fund you in 24 hours and you can use the funds for whatever business needs you have.

No. We don’t offer lines of credit. Line of Credit loans tend to be a noose around the neck of small businesses as they are debts that never seem to be repaid. Our Low Doc Business loans are loans that are here to help you today; and are gone in a short space of time. After all, who wants to be in debt forever.

Yes absolutely. Even if you aren’t a PTY LTD Company, as long as you have an ABN (Australian Business Number) and the loan is for a business purpose and there is enough equity in real estate security, we will fund you in 24 hours.

Usually the answer is yes, however we are very different. With us, a poor credit history or poor credit score is not generally never an issue. We are a true asset lender, so we don’t look at the past. We look at the future.

YES it is possible, however the asset has to be purchased in a company name,

A Low Doc Business Loan is a type of loan that is designed for small business owners who may not have traditional documentation to support their loan application

Low Doc Business Loans can come in various forms, including unsecured loans based on creditworthiness, secured loans with collateral, merchant cash advances based on future credit card sales, invoice financing for advance payment of outstanding invoices, and asset-based loans using business assets as collateral.

The amount that can be borrowed with a Low Doc Business Loan depends on factors such as the lender’s policies, the borrower’s creditworthiness, and the collateral offered

Consider the interest rate, loan amount, eligibility criteria, fees and charges,.

To determine if your business is eligible for a Low Doc Business Loan, you should consider factors such as your business revenue, cash flow, and creditworthiness, as well as the lender’s specific eligibility criteria, which may include a minimum annual revenue, being in business for a certain length of time, and having a good credit history.

A Low Doc Business Loan is not necessarily the same as an Unsecured Business Loan, as a Low Doc loan refers to a loan that requires limited documentation, whereas an Unsecured Business Loan refers to a loan that does not require collateral, but still may have documentation requirements.