Low Doc Finance
Low Doc Equipment Finance is useful for customers that have not completed their latest financial statements.
Specific conditions apply for this type of credit and these change from time to time and lender to lender.
Generally, the amount available to finance the purchase the equipment is limited to $100,000.
The customer should be:
- a property owner;
- have clear credit and payment history (no defaults);
- a deposit may not necessarily be required
- not under any arrangement with the ATO for taxation payments; and
- buying new equipment from a recognised dealer / supplier of that equipment (no private sales)