Low Doc Business Loans in Australia

Loans up to $1 million with less paper work

  • Bad Credit? OK!
  • Easy Eligibility
  • Decision in Five Minutes
  • An Alternative to Banks
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Low Doc Business Loans - Fact Sheet

Suitable For
  • Start-ups
  • Established business owner
  • Commercial property investors
  • Bad credit history
Pre-approval Time
  • 1 hour to 2 hours
Settlement Time
  • 1 day to 3 days
Loan Term
  • 1 month - 36 months (including term extension)
Flexible Repayment
  • We can design a repayment plan that fits your cash flow.
  • This can be a periodical repayment (e.g. monthly), a lump sum payment or a combination of your choosing.
  • To ease your commitment and allow maximum flexibility, a loan term extension may be available.
Indicative Loan Amount
  • $50,000 +
Asset Eligibility Criteria
  • Real estate property (mortgaged OK)
Financial Statement
  • Optional
Dedicated Account Manager
  • Yes
Tax Deductible
  • Yes
Line of Credit
  • Available
Interest Rate
  • Our interest rate is as low as 1.50% per month.
  • We are very confident that our rate is one of the lowest in the market, if you do find a lower rate, let us know, we will try to beat it.
Save Interest
  • Pay-off loan early
  • Extra repayments lower the balance

Low Doc Business Loans in Australia

If you are starting up a business or as a self-employed person you need money to invest in your initiatives, you will probably find a wall of obstacles if you try to go with a regular bank to get the money, to begin with. These financial institutions have become very cautious when it comes to offering loans and most of the time they ask for a great deal of paperwork that you probably don’t have or unable to procure; If you are in this position that makes you a candidate to apply for low doc business loans from Max Funding. We have less paperwork requirement and loans are easy to qualify. Whether you are a start-up, having a bad credit history, or self-employed, we all can help. There are only 3 steps to your next lo doc business loan and there is no obligation to apply.

How Does a Low Doc Loan From Max Funding Work?

Low doc business loans are designed for business owners who have difficulty in providing sufficient financials to qualify for a business loan from traditional bankers. The purpose of a low doc loan is to meet a business’s short term financial needs or long term expansion strategy.
$142,546,168
Funding Requested
We have provided millions in funding to Australian small businesses.
8,596+
Businesses Funded
We are dedicated to assisting business owners with their financial needs.
131
Industries Covered
Max Funding serves all industries operating in Australia.
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What Is a Low Documentation Business Loan?

As with any financial product that comes out of the blue, the big question is: what is a low doc loan? It’s essentially a business loan that is offered with some key differences in regards to the requirements of established financial institutions. While a bank will ask for things like tax returns, financial statements and proof of consistent income, you get to deal a very different kind of hand with low doc loans.

To get granted these types of loans you don’t need financial statements of any kind or the trail of documents that are usually asked about your financial situation for a background check. A low doc business loan is the best shot for startups operations that need quick financing and can’t afford to wait for the approval times of regular banks. They also work for small business to get access to capital that can be used to expand their operations or to invest in marketing efforts.

Low Doc Business Loans are Tailored Option for Self-employed
If you think about it being self-employed and handling your cash flow requirements with low doc loans makes a lot of sense instead of going with a regular bank, especially if you are managing your time with a window of opportunity for the market you want to be a part of. This about it for a minute: to work with a bank you’ll probably have to waste a lot of time gathering the paperwork asked by them and prepare a business plan with projections for their consideration. The wait time could be as long as 3 months and the answer could be a decisive “no”.
Choosing to work with Low Doc small business loans will translate into a long list of benefits if you have a solid business strategy. First of all, you can always negotiate the best terms for the loan you are looking for as well as set the best payment options. Max Funding works with diverse payment options that can be as flexible as your ability to provide income from your business so you can pay either in lumps or by setting a specific date for your dues payment. We also offer some of the most competitive interest rates that won’t hit you hard. Dealing with Max Funding also means working on trusting terms since we don’t have hidden costs.
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Qualify for Low Doc Small Business Loans From Us is Easy

As far as requirements go to get low doc loans in Australia, there is not much you’ll need besides your willingness to work hard to pay the loan back. These types of loans are labelled “unsecured loans” and you won’t need a lot of paperwork to get approval. A bad credit history is not an impediment to get granted. Having no credit history doesn’t affect your ability to get these loans either.With Max Funding, low doc business loans can be granted on websites so the waiting time is always minimal. It’s also a way to get easy access to cash flow without dealing a ton of bureaucracy and red tape; given the unsecured nature of this loan, the best thing to do is always to be sure about the terms. We will consider your application case by case as Max Funding is always here to help Australian small business to achieve their maximum potential.

Where Can I Get a Low Doc Business Finance?

Max Funding provides service to businesses in Australian-wide, like Sydney, Melbourne, Brisbane, Perth and so on. We don’t put any kind of restriction on applicants, so most industries are always welcome to make deals with us. Some of the most popular applications of these loans are for construction or commercial property investment to expand physical spaces. The application process is as easy as going to our website and applicants will be asked to provide a minimal amount of information to be pre-selected. Once you get pre-approval, we’ll ask you to provide a little bit more of information and the limited documentation for verification. Once the verification is completed successfully and the contract is signed, the final step is waiting for the money transferred to your accounts.

How Can I Use the Loan?

There are a number of uses you can give to low doc business loans in Australia. Some of the most efficient uses documented so far are to begin a new business venture or to expand an existing one. You may also need to restock your supplies, so you can use the loan to cover unexpected costs. If you need to pay for labour expenses and you don’t have the amount of cash required to do so, the loan can come extra handy. If there is an incoming seasonal influx you can have your back covered with this type of loan. In the end is very much up to you how you use the money, but it’s always good to know that this financial instrument is available out there if you need it.

ABN Low Doc Business Loans

Low Doc business loans are flexible finance solution for ABN holders that do not have sufficient financial. Having an ABN number or planning to apply for an ABN? You can borrow up to $1 million with Max Funding for your small business funding needs. ABN stands for the Australian Business Number, it is the unique 11 number for Australian businesses. If you want to register for an ABN, please visit business.gov.au for further details.

Can I Get a Loan If I Have an ABN?

ABN loans are available from Max Funding to sole traders, sub-contractor, small business owners and people who want to start up their own company. This type of lending is for business purposes and only accessible by those who have an ABN. As long as the funds are used wholly or predominately for business use, there is no requirement to provide financial statements or tax returns. Best of all, Max Funding does not require the loan applicant to provide a deposit. Therefore, we offer the best financing solution for small businesses with no or limited trading history.
Lending Criteria of Max Funding Low Doc ABN Loans
  • You have an Australian Business Number (ABN)
  • You are planning to apply for an ABN
  • You’re over the age of 18
  • Loan repayments are affordable to you

If you meet the above criteria, please hit the apply now button and start the online 3 minutes application. Funding is possible to you within 24 hours once your loan is approved. That’s simple and fast.

Features of a Low Doc loans with an ABN
  • Loans interests may be tax-deductible
  • Loans can be asset-backed or no collateral
  • Opportunity to kick start your own business
  • Low interest rate from just 1.5% per month

Business Loans - Frequently Asked Questions

Does pre-approval affect my credit history? 

Not at all. We can assure you we don’t ever look at your credit history when submitting application for pre-approval. All information that you provide to us is confidential and not shared with anyone or 3rd party.

Can I get a business loan with a bad credit score?

We have been providing bad credit loans to small businesses for 18yrs and believe everyone should get a fair go. Let us know of your situation and discover the solutions we can offer.

Does personal bad credit affect my business loan?

Personal bad credit is not the end. We have catered our loan criteria to consider every application. We work with you to find a solution that works for you.

How can I repair my business credit history?

There are few ways to improve your business credit such as making payments on time, and keeping track of your credit records. We can definitely help with improving your credit score. 

How long does it take to get approved?

You can get pre-approved in just 3 minutes with our smart system and a response within one hour during normal operating hours. You can choose to submit documents to speed up the verification process. Once signed contract is received and settlement condition fulfilled, the funds can be transferred to your account within 24 hours.

Am I qualified for a business loan?

If you are over 18 years, plan to open a business with ABN, chances are you are eligible for a business loan. We just require the funding to be used predominantly for business purposes.

What documents do I need?

Unlike traditional banks and lenders, we have made our application process hassle-free with minimal documents required. All you do is upload a few basic documents such as ID, asset documents (if applicable) and bank statements for verification. With our smart system, this can all be done with just your mobile phone. We’ll reach out if additional documentation is required.

Is it hard to get a business loan?

Not at all. For well established businesses, assets may not be required (unsecured business loan) as we consider the health of your business to determine credit worthiness. For new business loans and start up business loans, we generally require you to own a motor vehicle and/or real estate property and not part of any public debt agreement or bankruptcy.

Can two people get a loan together?

You certainly can and we generally encourage it. Applying with joint applicants can increase your chance of getting a loan and possibly increase your approval amount.

What are your interest rates?

Our interest rates are as low as 1.50% per month. We also don’t have any hidden costs and fees as we believe in transparency. Our loans are designed for small businesses like yours and do try to keep the rate as low as possible.

Can I pay off early?

You certainly can and we welcome it. There is no penalties or charges for early repayments. Instead, if you can pay off your loan earlier, you will save some interest.

Is interest paid on a business loan tax deductible?

Definitely. If the loan is used only for business purposes, all cost associated with a business loan are tax deductible.

Can I get a business loan as a self-employed?

If you are self-employed, our low doc business loan will be the solution for you. You can access funds with less paperwork, less waiting time and more flexible payment options to suit your needs and situations.

Can I get a business loan as a sole trade?

Absolutely! All you need to do is to fill out our 3 mins online application form. Once you get the pre-approval decision, simply provide some basic documents for verification.

What if I don’t have a business yet?

No problem! We offer start up business loans and new business loans solutions. If you can dream it, we can help you to achieve it.

We understand you and your business

With humble beginnings, we understand the struggles that small business owners are forced to endure. Helping Australian businesses grow is what we love to do. We do this through offering tailored solutions to businesses all over Australia.

We are the best alternative to banks.

Banks usually have long and difficult application with strict criteria. We provide an easy application process with pre-approval decision in less than 3 mins. What’s more, if you in a hurry, we are able transfer funds to you within the same-day if signed contract is received before 3pm AEST.

A more personal experience

Every business is different. At Max Funding, we offer different types of business loans tailored for different needs. Simply fill in our pre-approval form or contact us to find out how we can help you today.

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