low doc business loan

Unlock funding with a low doc business loan | Liberty

Learn more about flexible options for self-employed borrowers.

Robyn Slater
Robyn Slater 16 May 2024 ・ 2 min read
business-loans

If you’re a business owner seeking funding, but your financials aren’t up to date, a low doc business loan could be the solution.

With fast and flexible funding, a low doc business loan could help grow your business and capitalise on opportunities as they come.

Here’s a breakdown of low doc business loans and how they could help put your ideas into action.

How is it different?

Standard business loans typically require detailed financial records including current tax returns, financial statements, and proof of income.

In comparison, low doc loans require fewer forms of documentation. It’s a great option for self-employed borrowers who may not have the paperwork required for a traditional business loan.

What documents do I need?

A low doc business loan uses alternative forms of income verification to service the loan. The documents needed will vary depending on your individual circumstances, but you may need to provide:

  • Recent bank statements

  • Business Activity Statements (BAS)

  • Accountant’s declaration

For support preparing your paperwork, consider speaking with a lending expert like a Liberty Adviser.

What are the common uses?

A low doc business loan could support you with a variety of business needs. Whether you’re just starting out or expanding your business, it can be a flexible borrowing option.

If your expenses are due sooner than your income, a low doc business loan could help manage your cash flow.

From upgrading equipment to making the most of opportunities that arise, this lending option could support the next steps on your business journey.

Who can provide support?

Every business has its own set of needs, so choosing a loan that aligns with them is important.

A lending expert such as a Liberty Adviser can help you navigate your options.

If you’re considering a low doc business loan or other lending solution, contact a Liberty Adviser today for support and guidance.

Robyn Slater
Robyn Slater Author
Robyn Slater is a writer for Liberty with a passion for simplifying complex concepts using clever copy. She enjoys playing social netball and keeping up to date with all things pop culture. Robyn is currently completing a Bachelor of Business at Deakin University.