Low Doc Cashflow Facility Documents Checklist (2025): LOC, Working Capital & Invoice Finance
Low doc cashflow facility documents checklist for LOC, working capital and invoice finance – Switchboard Finance
📎 Docs checklist · Low doc cashflow · 2025
Most “slow approvals” aren’t about the lender being difficult — they’re about missing documents and unclear explanations. This checklist is the fast way to package a clean Facility file without back-and-forth.
If you want the big-picture cashflow map first, start here: Business Cashflow System (WCL + LOC + Invoice) (then come back and use this as your “documents hit list”).
1) The core document pack (what gets a file moving fast)
Think of the core pack as “proof your business is real and consistent”. Even in low doc situations, lenders still want enough clarity to understand revenue patterns and timing.
The fastest starting point is recent Bank Statements. Your job is to connect the statements to your Trading History and a conservative Turnover number (not your best month).
- Core pack: bank statements + ID + entity details + a 1-paragraph “use of funds”.
- Label everything: “Statements Oct–Dec”, “Entity docs”, “Invoices sample”, etc.
- Pre-answer the assessor: explain any large transfers/refunds before they ask.
- Most common delays: unclear purpose, missing entity docs, mismatched names, unexplained lumps.
- Quick fix: add 4–6 lines that explain “what happened” and “why it won’t repeat”.
2) The facility-specific checklist (what changes by product)
After the core pack, the “extras” depend on what you’re applying for. The goal isn’t sending everything — it’s sending the right evidence for the right facility type.
A clean file answers one question: “How does this facility get used, and how does it get repaid?” Use the table below as your pack list.
| Facility type | Must-have documents | Helpful extras (if available) | Common timing trap |
|---|---|---|---|
|
Business Line of Credit
Best for supplier cycles / buffer.
|
Short purpose statement + spend categories, core pack, and evidence of recurring outgoings. | Supplier schedule + any existing repayments (so the new limit makes sense). | Asking for a limit that doesn’t match real trading weeks. |
|
Working Capital
Best for wages / stock / bridging gaps.
|
Core pack + a simple weekly summary showing the “gap” you’re smoothing. | Latest BAS (if you have it) to support consistency. | Not explaining seasonality (busy weeks vs dead weeks). |
|
Invoice Finance
Best when you’re waiting on invoice payments.
|
Sample invoices + debtor list + proof of delivery/completion where relevant. | A short note on customer payment behaviour and dispute rates. | Invoices that don’t match bank inflows (or unclear trading terms). |
3) Timing: what to send first (and what to send later)
Timing matters because assessors work in stages. If you dump everything at once, you can slow the file down — especially if the pack contains contradictions or outdated versions.
The clean approach is simple: send the core pack first, then add the facility extras once direction is confirmed. If the timeline is tight, aim for Pre-Approval first, then finalise for Settlement and Drawdown.
- Stage 1: core pack + purpose statement.
- Stage 2: facility-specific docs (table above) + clarifications requested.
- Stage 3: settlement/drawdown docs once limits + structure are locked.
Low doc approvals move fastest when your documents are labelled, consistent, and matched to the facility type. Example: a café keeps the pack lean (core docs + purpose + one facility add-on) instead of dumping 30 PDFs and hoping for the best.
Keep your path to the revenue pages clean: Business Loans · Business Line of Credit · Working Capital Loans · Invoice Finance · Low Doc Asset Finance · Business Owners Finance Hub.
FAQ
Start with the smallest workable Credit Limit that covers your “gap weeks”. Oversizing the limit is the easiest way to trigger extra questions (or stricter terms).
Often, yes — a Director’s Guarantee is common in business lending. The practical focus is keeping the limit and repayment plan aligned to real trading weeks.
Responsible Lending is basically “this facility should be affordable in normal weeks, not just your best month”. Clear documents help prove that. A general regulator reference point is asic.gov.au.
The big Approval Criteria theme is consistency: predictable inflows, sensible limit, and a clear use case. That’s why the documents pack matters so much.
A Loan Covenant is a rule in the facility terms (like maintaining certain reporting or limits). You don’t need to panic — you just need to understand what triggers it and keep your reporting tidy.
