Understanding Low Doc Asset Finance Loans: A Smart Solution for Business Owners
In the fast-paced world of small business, having access to the right equipment, vehicles, or machinery at the right time can mean the difference between growth and stagnation. But for many entrepreneurs—particularly those who are self-employed, recently established, or don’t have up-to-date financials—securing traditional finance can be a frustrating experience.
That’s where Low Doc Asset Finance Loans come in.
What is a Low Doc Asset Finance Loan?
A Low Doc (or Low Documentation) asset finance loan is a type of lending designed for individuals and businesses that may not have access to the full suite of financial documents required by traditional lenders. Rather than requiring tax returns or full financial statements, lenders may accept alternative documentation such as:
Self Declared income figures
Bank statements
BAS (Business Activity Statements)
Accountant letters
This type of loan is particularly useful for:
Customers that are needing a fast approval
Businesses with irregular cash flow
Businesses who have not yet completed tax returns
What Can You Use It For?
Low doc asset finance loans can be used to purchase a wide range of business assets, including:
Commercial vehicles (cars, vans, trucks, utes)
Machinery and equipment
Trailers and earthmoving equipment
Agricultural machinery
Technology or office fit-outs
Key Benefits
Faster Approvals: With fewer documents required, low doc loans are typically quicker to process—helping you get the equipment you need, when you need it.
Flexible Criteria: Lenders focus more on your ability to repay and your business history, not just your paperwork.
Preserve Cash Flow: With competitive interest rates and structured repayments, you can preserve working capital while still investing in your operations.
Tax Benefits: Many assets financed under a low doc loan may qualify for tax deductions (always check with your accountant).
Things to Keep in Mind
While low doc loans offer greater flexibility, they can sometimes come with slightly higher interest rates or require a deposit. It’s also important to deal with an experienced broker who understands which lenders are best suited to your situation—so you don’t end up overpaying or missing out on better terms.
How We Can Help
At Tesselate Finance, we specialise in helping self-employed customers access low doc asset finance solutions. We work with a panel of lenders who understand the challenges of running a business—and we make the process simple, transparent, and fast.
Whether you're upgrading your fleet, replacing older machinery, or getting your new business off the ground, our team can guide you through your options and help secure the funding you need—without the paperwork headache.
Ready to explore low doc asset finance?
Get in touch with us today for a no-obligation chat about your needs.