Start-Up? Small Business? Self-Employed?
A Low Doc Business Loan can help get your Business rolling
When applying for a business loan, the traditional big banks may typically request an excessive amount of business documentation. This may include legal paperwork, proof of income, financial statements, business plans, and even legal documentation. The process is somewhat complicated and time-consuming. If, you cannot provide this endless list of documentation, your business loan may be declined.
What Is Low Doc Business Loan?
A low doc business loan is an alternative loan that allows your business to access the necessary capital without providing the same level of financial documentation as a traditional loan. Low doc business loans are designed to be fast and practical loans that can help increase your business profits and clear any debts.
Low doc business loans are suitable for businesses or individuals who may not be able to exhibit the following:
Proof of Consistent Income
Types of Low Doc Business Loans
Low doc personal loan for self-employed
If you are an individual contractor or freelancer, you may be eligible for a low doc personal loan.
Low doc commercial loan
These are suitable for businesses who cannot provide the necessary documentation that banks require. At ALC we offer loans from $5000 to $3million dollars.
Low doc small business loan
Are you operating a local food truck? Have you recently started an e-commerce store? A low doc small business loan can help you get the necessary funds to keep your business operational.
Advantages of A Low Doc Business Loan
Apply online and speak to a loan consultant within a matter of minutes
Quick access to the necessary funding for your business.
Competitive interest rates.
Minimal documentation is required to secure funding
Qualifying for Low Doc Business Loans
Qualifying for a low doc business loan through ALC Commercial has never been easier. We will consider your application regardless of:
Bad Credit History
No Credit History
Limited Cash Flow
Limited Financial Statements
No Income Verification
History of Defaults
Bad credit business loans are available for…
Increasing Working Capital
Growing Your Business
Refinancing Existing Debt
At ALC Commercial, we understand that bad credit doesn’t necessarily mean you shouldn’t qualify to borrow. A bad credit rating doesn’t mean a bad borrower. We want to help all Australian businesses achieve their best.
Maddie’s Food Truck
Maddie loves traveling. Her travels have taken her to over 20 countries. She has explored the country and tasted some of the most unique dishes. She is determined to share these dishes with local Aussies.
Maddie decided to pursue her dream and buy a food truck. The truck cost her $12,000. She spent an additional $5000 on equipment.
After 3 months of sharing her food, she encountered some problems with the truck. She needed a new oven, grill, and a kitchen hand. Unfortunately, she did not have enough cash to purchase the equipment and keep the food truck operating smoothly.
After getting rejected from the banks, Maddie found ALC Commercial. She enquired online, we quickly assessed her financial situation and she secured a no credit check business loan the same day. Two days later, Maddie had installed her new oven.
Her customers are still enjoying her king prawn toastie.