Low-doc equipment finance lets ABN holders fund tools, plant and machinery without full financial statements. Instead of two years of tax returns, lenders can assess your application using alternatives like business bank statements, BAS or an accountant’s declaration — useful when your income is steady but your paperwork isn’t up to date.
Who low-doc equipment finance is for
It suits self-employed tradies, contractors, owner-operators and small businesses with an active ABN who need gear to keep working — but who don’t have current full financials. Newer ABNs and businesses between tax returns can still have options, subject to lender criteria.
What you can finance
- Excavators, diggers and earthmoving plant
- Power tools and workshop equipment
- Generators, compressors and pumps
- Trailers, tippers and truck bodies
- Hospitality, fit-out and commercial kitchen gear
- IT, office and point-of-sale equipment
What you can use instead of full tax returns
- Recent business bank statements
- Business Activity Statements (BAS)
- An accountant’s letter or declaration
- Asset-backed lending (equity in property)
- A deposit or trade-in to strengthen the application
A simple illustrative example
Say a landscaper finances a $40,000 mini excavator on a low-doc chattel mortgage over five years. Rather than full financials, the lender accepts twelve months of business bank statements plus an active, GST-registered ABN. This is an illustration only, not a quote, and does not include any specific rate. Actual repayments depend on the rate, fees and your circumstances.
Limitations to keep in mind
Low-doc lending can carry slightly higher rates than full-doc to reflect the lighter verification, and not every lender offers it for every asset. What you qualify for, and on what terms, is always subject to lender assessment and approval.
Related finance
- Equipment Finance — the full equipment finance hub
- Chattel Mortgage — the common structure for owning equipment from day one
- Low-Doc Loans — low-doc options across vehicles and business
Frequently Asked Questions
Can I get equipment finance without financials?
Often yes. Low-doc equipment finance lets ABN holders apply using business bank statements, BAS or an accountant’s declaration instead of full tax returns. Approval depends on the lender’s criteria and your circumstances.
Do I need to be registered for GST?
Not always, but GST registration signals an established, trading business and is often preferred by low-doc lenders. An active ABN is the starting point.
Is low-doc equipment finance tax deductible?
Interest and depreciation on business-use equipment may be deductible, and the instant asset write-off can apply in some years. Confirm what applies to you with your accountant or registered tax agent.
This article is general information only and does not constitute credit or financial advice. Tradie Finance operates under Australian Credit Licence 506065 (Five Tees Pty Ltd). Lending is subject to approval, lending criteria, terms, conditions and fees.
Speak to a broker / Apply online or call 1300 879 872.