Low doc loans for small businesses
Designed for small businesses that need flexible loans without waiting on full financial statements.
Requesting a quote has no impact on your credit score.
About
What is a low doc business loan?
Low doc loans allow businesses to access funding with less paperwork, and often faster approval times.
Applying for low doc finance usually only requires:
- ABN
- GST (if turnover exceeds $75k a year)
- Proof of Australian citizenship or permanent residency
- Evidence you can afford the repayments (such as BAS or bank statements)
That’s why they’re often used by sole traders and newer businesses without full financials available.
Typical uses
- Renovating your business premises
- Moving to a new location
- Buying inventory
- Hiring and paying employees
- Buying equipment
- Increasing working capital
- Covering marketing costs
- Making tax payments
Eligibility
You may be eligible for a Low doc business loans if your business:
0 of 3 ready. Tick what you already have.
Specific criteria can vary between lenders and products.
Requesting a quote has no impact on your credit score.
- Cover daily or urgent expenses while waiting for revenue to come in
- Finance essential equipment or vehicles
- Stock up ahead of busy periods
- Open a new location, hire staff or scale operations
- Pay GST or other taxes on time
Why it works
The benefits of low doc loans
Quicker approval times
Get a decision fast so you can act on opportunities or cover urgent costs without delay.
Minimal paperwork requirements
Skip the stacks of forms. Usually just ABN, BAS, and proof of ID are enough.
Accessible to more businesses
Sole traders and newer businesses can get finance without having to dig up every tax return or statement.
Flexible use of funds
Use the loan your way: pay staff, buy equipment, cover stock, or handle unexpected costs.
- Can I comfortably meet repayments even if my income fluctuates?
- Do I have assets I can offer as security if needed?
- How quickly do I need the funds, and does a low doc loan match that timeline?
- Have I compared rates and fees from different lenders to find the best fit?
- Lenders often charge higher interest rates and limit how much you can borrow to account for less documentation.
- Term loans can also be shorter, so you need to repay it in a shorter period.
- Low doc loans are often secured so you need to own assets to offer as collateral.
Getting started
How to apply for a low doc business loan
Step 1: Get a quote
Tell us what your business needs and get quotes from 95+ bank and non-bank lenders.
Step 2: Get approved
Confirm your quote and we'll manage the application with your lender, so you can focus on running your business.
Step 3: Get funded
Sign your finance documentation and receive funding. It is that simple.
Requesting a quote has no impact on your credit score.
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Our panel
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Why Valiant
Just one simple application.
Let us do the heavy lifting, comparing the panel and negotiating. You get all the options side by side and choose the one that’s right for you.
Dedicated specialists by your side.
You get a personal specialist who knows which lenders suit your industry and how to structure a deal so it actually works for you.
Your credit score, protected.
Explore with no credit check. See all your options, compare them properly, and choose with confidence.
30,000+ SMEs we've worked with.
Construction, hospitality, manufacturing, healthcare. Whatever your business needs, we know how to get it funded with the right loan.
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FAQs
Can I use a low doc loan to refinance existing debt?
Yes, you can use a low doc loan to refinance debt, helping you simplify repayments or reduce interest costs. Keep in mind that refinancing doesn't mean you don't have to pay the debt, it just makes managing your cash flow easier.
What's the difference between low and no doc loans?
Low doc loans allow you to access funding with minimal paperwork requirements, while no doc loans don't require any paperwork at all. No doc financing may be a good option for businesses with no financial records, but keep in mind that it usually comes with higher interest rates.
What are some alternatives to low doc loans?
If a low doc loan doesn’t quite fit your business, there are other options you can look at. For example, a full-doc loan if your financials are all in order, equipment finance for buying assets, or a line of credit for flexible cash flow.
Can startups with less than 12 months qualify for a low doc loan?
Yes! That's one of the main advantages of low doc loans: they cater to newer businesses and sole traders that don’t yet have a long financial history. Eligibility does vary by lender, but many will consider startups trading for less than a year.
How much deposit do I need for a low doc loan?
Every lender has their own rules, but most low doc loans require a smaller deposit than traditional alternatives. Some lenders may ask for 10–20% of the loan amount, while others can be more flexible depending on your business and financials.