No Doc
No Doc (No Documentation) refers to a loan or finance facility where the borrower is not required to provide full financial statements, tax returns, or other formal supporting financials. These facilities are typically higher risk for lenders and are usually for experienced borrowers or businesses with strong cashflow history. No Doc loans are often used for Vehicle Finance, Equipment & Asset Finance, and other SME funding.
Why No Doc Matters
No Doc facilities allow eligible businesses to access finance extremely quickly without providing formal financials. For SMEs in the Tradie Hub, Truckie Hub, Café Hub, and Whitecoat Hub, this flexibility can help seize time-sensitive opportunities.
- Fast access to funds
- No need to produce full tax returns or detailed financial statements
- Supports urgent purchases or cashflow needs
- Ideal for seasoned business owners with established history
How No Doc Works
- Borrower submits minimal documentation such as ABN and recent bank statements.
- Lender assesses creditworthiness primarily on cashflow history and asset value.
- Approval is usually faster than Low Doc or standard loans.
- Loan is provided with an agreed repayment schedule and interest rate.
- Typically carries higher interest due to higher perceived risk.
No Doc loans are often linked to Low Doc, Pre-Approval, and Borrowing Capacity.
Related Switchboard Resources
- Vehicle Finance
- Equipment & Asset Finance
- Tradie Hub
- Truckie Hub
- Café Hub
- Whitecoat Hub
- Low Doc Cashflow Loans Blog
Official info: business.gov.au