Low doc questions, answered straight

A business loan where the lender doesn't require tax returns or financial statements. Instead it relies on other evidence, usually property equity or business bank statements, sometimes supported by BAS, an accountant's letter or contracts. It never means no evidence at all.

No doc usually leans on security or statements alone. Low doc uses a lighter document set, typically BAS, bank statements and a signed declaration or accountant's letter. Lenders use both labels loosely; what matters is the evidence they'll accept.

Property-secured options run from $20,000 to $5,000,000 by first mortgage, second mortgage or caveat. Unsecured, cash-flow and line-of-credit options are typically $5,000 to $500,000, sized on turnover and bank statements.

Any genuine business purpose: equipment, vehicles, stock, working capital, fit-outs, paying tax debts, refinancing business debt or buying a business. Loans are for business purposes only.

Because every loan is priced on the business's own circumstances: the evidence, the security, the credit history and the purpose. A published rate would be wrong for most people. A specialist explains the full cost before you commit.

Often, yes. Lodged BAS and business bank statements commonly stand in for tax returns with unsecured lenders, and property-secured lenders rely mainly on equity. A letter from your tax agent about the outstanding return helps.

Yes. Lenders will want to know what's outstanding, any tax likely to be owing, and the plan to catch up. An ATO account statement and a registered agent's letter answer those questions. Property security gives the most flexibility.

Not for many low doc lenders. Bank statements, BAS and reports from your accounting software can do the same job, with a signed statement of assets and liabilities in place of a balance sheet.

Possibly. Taxable profit is reduced by deductions like depreciation and one-off costs. Lenders can look at bank statements, add-backs explained by your accountant, or property security instead of the bottom line.

Yes. You can download bank statements yourself and get lodged returns, notices of assessment and BAS from ATO online services. Many low doc lenders don't require an accountant's letter.

Business bank statements, lodged BAS, notices of assessment from myGov, invoices to regular customers and, where available, contracts. A dedicated business account makes all of this much clearer.

It depends on what's behind it. History under a previous ABN, signed contracts, a few months of strong statements or property security can each help. We'll tell you honestly if waiting a few months would open better options.

Often, yes, if you show it's the same business. Provide your sole trader returns, BAS and statements alongside the company's details and a short note explaining the change.

The seller's financials and BAS from your due diligence, the sale contract, your own statements since settlement and, if available, property equity.

No. There's no credit check when you first enquire. A credit check only comes up once you've decided to go ahead with a lender.

No. One team reads your enquiry, and your file goes only to the lender that suits your evidence, with your agreement. No spray and pray.

A real lending specialist who reads your enquiry and calls you. Not a call centre script, and not a string of different lenders.

Because we use your answers to choose the right lender. If turnover, property or lodgement status are off, the first match may be wrong and everything takes longer.

Not automatically. Past credit issues and ATO debt are considered case by case. What matters is what happened, how it's being managed and the rest of your file.