Low Doc Business Loans
Whether you’re seeking to invest in a business opportunity or enduring a challenging season, a low doc business loan can help. Get the financial flexibility to keep business running smoothly and moving forward.
At Realloans Australia, we’re committed to helping sole traders and small business succeed. With access to a good list of lenders, we can help you with any type of business loan.
- Minimum 6 Months in Business
- Active ABN or ACN
- Minimum $5,000 monthly revenue
- 6-12 Months Business Bank Statement
- Identification such as your driver licence or passport
Business Loan Features
- Loan amount from 5000 to 150,000
- Loan term from 6 to 24 months
- Funding in 24 hours*
- No hidden fees or charges
- Daily or weekly payments
- Customers with defaults or judgements
- Sole Traders, Private/Public Companies, Trusts and Partnerships
What is a low doc business loan?
A loc doc business loan is a loan specifically intended for business purposes with bank statements. Business loans are typically used to fund the expansion of an existing business, the purchase of equipment or inventory, or to cover operating expenses.
Whether you are a business owner, looking to expand your business or need cash flow solutions, there is a low doc business loan suitable for you.
How do I apply for a Low doc business loan?
To apply for a business loan, simply start an application online, provide the identity, 6 months bank statement. We will let you know the outcome of your business loan application.
How much can I borrow with a low doc business loan?
The amount you can borrow with a business loan in Australia will depend on the lender, types of business loan and your creditworthiness. Lenders will consider factors such as your credit score, the size of your business, and your financial history when deciding how much to lend you.
Business Loan with Realloans
Expert Business Loan Brokers
We have one of the best business loan brokers that provide every customer a personalised service depending on their individual needs.
With a good list of lenders available, RealLoans Brokers will provide you with the business loan option that is best suited for you.
Easy Loan Approval
From first contact to settlement, Realloans broker will guide you throughout your loan process and ensure you have a quick easy loan approval.
Low Doc Business Loans FAQs
A low doc business loan can be used for almost any business purpose – including for growth, business acquisition, start-up costs, capital investment, support business cash flow, property acquisition or development, or refinancing other lending. For example, it could be used for business renovations, marketing, to purchase inventory or new equipment, as general working capital and much more.
It takes from 2 hours to 48 hours to get a business loan with low docs with Realloans Australia.
Business loan can either be secured or unsecured. Secured business loans are guaranteed by an asset, such as a property, vehicle or inventory. On the other hand, an unsecured business loan does not require any security, hence, interest rates on unsecured loans are typically higher than that of a secured loan.
Only pay the interest charges, not the principal amount, on your business loan for a period of time.
It may be more difficult to get a business loan with bad credit, but it is not impossible. Some lenders specialize in working with businesses that have less-than-perfect credit, but you may have to pay a higher interest rate.
If you’re yet to start your business or have recently started trading and don’t have 12 months of trading history, there are a few extra things you may need to provide, including: Cash-flow projections, Business plan, Business contract of sale and Lease agreement.
we provide business loans in cities in Australia may it be Melbourne, Sydney, Brisbane, Perth, Gold Coast, Adelaide and other cities.