LET A FINANCE BROKER TAKE CARE OF YOUR LOW DOC BUSINESS LOAN SO YOU CAN RELAX!
LOW DOC LOANS FOR BUSINESS AND SELF-EMPLOYED PEOPLE
A low doc business loan is a type of commercial loan/business finance that does not require the same financial statements and documents as traditional full documentation (full doc) loans.
However, low doc business loans can still offer competitive rates and flexible terms. Low doc business loans are practical and fast so that you can have access to funds without waiting for all the normal documents required for a full doc loan. Lo doc loans can help your business by providing the funds you need.
Low doc business loans are suitable for small businesses and self-employed people when they are unable to provide:
Since many self-employed people and businesses don’t have the documents required for a full doc business loan, a low doc loan may be their only option. Get contacted by professional finance brokers who can arrange low doc business loans with competitive rates, fees and loan terms that suit your situation.
Yes, a qualified finance broker can assist with low doc business loans. Small business owners are prime candidates for low doc business finance especially when they are yet to complete their financials.
If you have all of the required documentation for a full doc business loan then the full doc loan may be a better alternative (than a lo doc loan) as the rates and overall package can be cheaper. Full doc loans are considered lower risk than low doc loans.
If you have:
It may be better for you to apply for a full doc business loan.
Normally, the low doc finance application process is as follows:
Some options will not require a credit check.
The documents required vary between lenders. The main documents that can be used to verify your income for a low doc commercial loan are:
Generally, professional finance brokers have access to a wide range of lenders and a wide range of low doc commercial loans. Being at the top of their game, they have access to the major banks as well as a wide range of non-bank lenders. This means that you get more choices and are more likely to find a low doc loan that meets your needs.
ARE YOU A SMALL BUSINESS OWNER? GET A LOW DOC SMALL BUSINESS LOAN THAT MEETS YOUR NEEDS.
Low doc business loans
Are you looking for the right low doc business loan? Contact a finance professional to discuss your needs.
Looking for finance for a franchise business? Find out about your franchise loan options.
Non-conforming business finance
Have you been rejected by the bank when applying for plant and equipment finance even though you have a strong financial position? You may still have options!
Self-employed home loans
Are you self-employed and looking for a home loan? Find out about home loans for self-employed people here:
Invoice finance | Debtor finance
Do you sell on credit? You may be able to lend against the value of the credit you provide your customers.
Oak Laurel – Finance made easy!