Low Doc Construction and Earthmoving Equipment Finance
If you dont have financials or you have just started a new business, we can provide Low Doc or No Doc Construction and Earthmoving Equipment Finance.
All you need is;
1) Drivers Licence and Utility bill
2) A Source of work
3) An ABN Number
Once the Finance is approved
4) A Quote for the equipment or if purchasing via private sale email us the weblink where the advertisement of the equipment is. The supplier will need to provide an Invoice.
Once the finance is approved, we will need the following;
5) Certificate of Currency to confirm the equipment has a valid insurance policy
6) Sign a direct debit form so our lender can make the regular deductions of the repayments from your business bank account.
We can approve your loan intenally up to $35K.
For approvals of higher value, we lodge the application to our lender credit team for approval.
We currently have a 100% approval rate due to our pre-assessment process.
Because this product is structured as a Rental Product, the repayments are 100% Tax deductible.
Benefits of this product;
- We dont care how old the equipment is. Everything has a value, no matter its age.
- We lend to clients with a New ABN or startup business
- Unpaid defaults allowed (Must have a payment arrangement in place)
- Same day approval for funding up to $35K where complete application lodged with funder prior to 10am.
New ABN OK
Old Equipment OK
Private Sale OK
Defaults, Credit impairment OK
No Deposit OK
Traditional, Non Bank and Private Lenders
Affordable Rent to Own Options also available
Fast Approval & Settlement
24/7 Nationwide Service
NO Doc available = Simple Cashflow Forecast
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