LOW DOC BUSINESS LOANS

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APPLY FOR LOW DOC BUSINESS LOANS IN AUSTRALIA

Are you thinking of starting a new business? Or are you planning to expand the existing infrastructure of your enterprise? Then first, you need robust capital backing to fund your entrepreneurial pursuits. However, acquiring business financing is easier said than done. There will be multiple hurdles blocking your path to fundraising, especially if you go to a bank or similar financial institution with a loan application. 

Banks are cautious when approving and processing a loan application, especially from a new entrepreneur. They will ask for lots of documents, and if your inability to procure will cause rejection of the loan application. Here’s where Broc Finance can help you by facilitating low doc business loans.

WHAT ARE LOW DOC BUSINESS LOANS?

Low doc business loans are popular among SMEs in Australia and similar to conventional secured and unsecured business loans. The main difference is that low doc business loans enable self-employed borrowers and small businesses to secure instant cash flow or business capital without the requirement to furnish supporting financial documentation typically needed for loan approval.

Traditional financial institutions like banks require financial statements, proof of income, tax returns, etc., for background checks. They need the documents to assess the viability of the business for loan approval. Lack of documentation often becomes an issue with small business owners, causing a strike for business loan approval. 

Business owners are often confronted with financial emergencies, which demand instant access to cash. That might be a problem with loans that require full documentation. Why? That’s because it takes time to go through all those documents and process the loan, unlike low doc business loans that ensure fast approval in a matter of 24-48 hours. 

Low doc business loans extend financial relief to new businesses, start-ups, and small businesses, helping them secure quick financing, minus the stringent trail of documents and long approval periods typical with banks. These loans can also help SMEs bolster their capital for business expansion, marketing investment, etc., or replenish the cash reserves in times of deficit.  

Owning and running a small business in Australia can be challenging for an entrepreneur. Low doc secured and unsecured business loans offer fast and easy access to funds, accelerating growth and business development.

WHAT DOCUMENTS ARE NEEDED TO APPLY FOR LOW DOC BUSINESS LOANS?

  • Bank statements going back last six months
  • Valid ID proof.
Top Small Business Loan - Broc Finance

Reviews on Google

Alexander Pacitto
Alexander Pacitto
2022-05-27
Saroj was fantastic in getting finance organised for my business. Efficient, responsive and concise. Recommend.
Arjuna Gunasekara
Arjuna Gunasekara
2022-05-19
Callum Baxter
Callum Baxter
2022-05-17
Vicky Angelucci
Vicky Angelucci
2022-05-17
Quick, efficient and easily understood our needs as a small business. Thank you Saroj.
Raphael Mamudi
Raphael Mamudi
2022-05-16
Saroj is a life saver. I’ve never met such a genuine and more passionate person about their job. He has absolutely gone above and beyond for me and my business and am so grateful our paths crossed. Thank you brother!
Shey Bhatti
Shey Bhatti
2022-04-20
They are the best, I was having defaulted credit application and they sorted me with quick funds to resolve my issues, Also the best part they removed my Default flag on credit file. Many thanks SAROJ
Josh Zhang
Josh Zhang
2022-04-08
Dealing with Saroj is nice and easy. He is really professional and diligent ☺ The process is so smooth, I just need to provide all the details then it's done.
Kate Tiller
Kate Tiller
2022-04-04
Saroj was incredibly efficient and made this whole process so simpleand easy., I was thrilled to have my approval so quickly and managed so well. I highly recommend Saroj and this team any day of the week! Kate
ALDEN ARRIGHI
ALDEN ARRIGHI
2022-03-24
As a Small Business owner of AA DOOR SERVICES, i would like to thank Sanroj for his help for my financial need with regards to Cash Flow so i can scale up and grow my business. Sanroj was very helpful from the minute i spoke to him over the phone. He walked me through it every step of the way to help me out and speed things up. Overall, a friendly guy and i did not feel pressured while i was on the phone with him. Everything went so smooth and within the duration of 48 hours maximum, the money was in my Business Account. Definitely recommend Broc Finance. Thanks again Sanroj Kind Regards, Alden Arrighi AA DOOR SERVICES
Ng Family Enquiry
Ng Family Enquiry
2022-02-24

Critical Information Sheet

Loan Amount $5k- $20M
Term 3 months – 36 months
Can be used for
  • Buying stock/Inventory
  • Paying wages/rent
  • Expansion into branches or another unit
  • Renovating business premises
  • Other working capital needs
Repayments Daily/Weekly/Fortnightly/Monthly
Security Both Unsecured and Secured Options
Pre-Approval Time Unsecured: 2-4 hours Secured: 24-48 hours
Unconditional Approval and Settlement Time Unsecured: 24-48 hours Secured: 3-7 days
Interest Rates Unsecured: Starts from 5.5% p.a.
Benefits
  • Quick funding process
  • Least documentation
*The information provided in critical information sheet is intended as a guide only. Please contact us for more information.

WHO CAN USE LOW DOC BUSINESS LOANS?

Top Business Loans - Broc Finance

When a business owner fails to meet the qualifying criteria for financing and cannot furnish financial documents, they can leverage low doc business loans. The ones who can use and benefit from low doc loans are:

  • Self-employed individuals
  • New businesses
  • Start-ups
  • Small businesses
  • Entrepreneurs

These loans are popular among new and small businesses in Australia. They benefit from the fast approval, minimal paperwork, along with access to multiple diverse business financing products, and more. 

WHY DOES ONE APPLY FOR LOW DOC BUSINESS LOANS?

The purpose of low doc business loans is to fulfil the short-term financial requirements of an enterprise or long-term business expansion strategy.

You might need urgent access to funds to restock your supplies and inventory or use the loan amount to cover emergency business costs. Some businesses depend on labour and require sufficient cash flow to pay the labour expenses. Hence, they need a steady stream of cash flow to maintain suffice the labour needs.

There are other popular uses, such as:

  • To increase the business working capital
  • Balance seasonal cash flow deficit
  • Tax payments
  • BAS payments