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Low Doc Commercial Loans for Australian Businesses

Here at Universal Finance we know that it is virtually impossible for people with bad credit or the self-employed to get business funding from banks and other lenders because of fluctuating or hard to verify income, but there is a solution. Universal Finance offer a range of unsecured no doc and low doc business loans at competitive rates enabling business owners, the self-employed or those with bad credit to either launch a new company or refinance an existing company.

Our approval rate in approving both low and no doc business loans is unrivalled, so if you’ve been turned away by the banks and other lenders you know who to speak to. You can contact us either by telephone or by using our online enquiry form.

What Type of Businesses require Low Doc Business Finance?

The type of businesses that apply for low doc small business loans are wide and varied as all businesses appreciate the speed and convenience of our unsecured financial products. The time between the application submission and the recipient receiving the funds can be as little as 24-48 hours. These types of unsecured loans are particularly useful for businesses that need emergency funding or additional funding to start a business. If you need cash urgently, our low doc business finance products are easy to apply for and if you do have any questions, the advisors at Universal Finance are happy to help.

Getting the Right Low Doc Business Loan

Using the information you submit on your application form, the team at Universal Finance will offer a bespoke low doc unsecured business loan based on your short term or immediate needs. Businesses use our loans for anything from buying new equipment to hiring emergency staff and urgent premises repairs. All our clients know is that we provide the funds they need quickly and efficiently.

Rapid business expansion is another reason why people come to us for low doc small business loans as they know we have the processes in place to deliver much needed funding almost immediately. Business opportunities need to be grasped with both hands quickly and with the help of our quick approval low doc small business loans they can be.


We specialise in difficult finance, helping self-employed individuals and businesses to obtain finance that they might not otherwise have access to. Because we work with a network of independent investors as well as conventional financial institutions, we are often able to find funding for clients who are considered as high-risk propositions by banks and other traditional lenders. Our low doc loan service offers small firms a viable alternative to bank finance, enabling business owners to seize opportunities that might pass them by if they had to rely on conventional sources of funding.

Although we offer funding from less conventional sources, we are registered with ASIC and hold a current credit license, so you can have complete confidence in all your dealings with us.We are also a member of the Mortgage and Finance Association of Australia (MFAA) and are committed to following ethical lending policies in all our financial activities. Our primary goal as a lending facilitator is to help as many small companies and self-employed people as possible to realise their commercial goals.


A low doc business loan offers small companies and self-employed individuals a number of important benefits when compared to finance agreements with banks and other conventional lenders:

  • Access to Credit Not Offered by Banks – Our panel of private investors and other lenders are often willing to extend credit to small companies that are not able to borrow from banks.
  • Fast Decisions – Because private investors do not have the same hierarchical structure as large banks, they are able to make funding decisions much faster. If you wish to take advantage of an opportunity and have to act fast, our low doc loans could be the solution you are looking for.
  • Simplified Application Process – Applying for a loan from a bank normally involves finding and copying dozens of documents, which can be a very time consuming process. Applying for a loan with reduced documentation requirements is a lot simpler and a lot less stressful. If you’re short on both time and patience, you’ll find the whole process very efficient and relatively stress-free.

No Security Required for Most Minimal Doc Loans – Whilst conventional lenders will normally require collateral, in the form of property or other commercial assets, lenders that offer minimal documentation loans are different. The majority do not demand collateral for the credit they offer. While this does mean that the loans they provide have higher interest rates than those offered by banks, it also means these loans may be available to companies with few or no tangible assets.


As low documentation finance agreements cost a little more than a conventional loan, it is important to use them wisely. If you see a real opportunity for expansion and need fast funding to take advantage of it, low doc loans could help you to capitalise on that opportunity. However, if you are contemplating non-essential property improvements, investing in equipment that your company does not yet need or some other outlay that could easily be postponed, we recommend thinking very carefully before proceeding. As a rule, we advise using low documentation funding to take advantage of opportunities that require you to act quickly, such as unbeatable deals on stock, expansion plans that need to be executed rapidly and urgently needed staff.

If you need any help to decide whether low doc loans are the right funding solution for your company, please do not hesitate to get in touch with us by phone or by email whenever convenient.


If you have no previous experience with low documentation funding, there are a number of important factors you should pay close attention to when evaluating any offers that you receive:

  • Interest Rates – As mentioned above, the higher interest rates for minimal doc loans make them a little more costly than loans from banks and other conventional lenders. For this reason, you should pay special attention to the rates on any quotes that you receive.
  • Fees – In common with almost all loans, the cost of low and no doc loans usually includes arrangement fees levied by the lenders. Scrutinise these fees carefully and be sure to include them in any cost/benefit calculations that you perform.
  • Repayment Schedule – A low/no doc loan may be easier to obtain than a normal loan but the repayment schedule needs to be realistic if you are to avoid problems in the future. Study the schedule in detail and make sure that your projected income will enable you to easily cover the repayments.
  • Documentation Requirements – Low doc loans still require some documentation so you need to make sure that you can provide what is asked for before you proceed. If you have absolutely no documentation, it could be difficult, but not impossible, to organise the finance you need. However, the cost of such finance would be higher than normal, to compensate for the additional risk that the lender would have to accept.

All of these factors should be carefully considered and only after you have studied them all should you make a decision on any finance offers that you receive.


Businesses in all industries can apply for a minimal documentation loan but as mentioned above, there are some documentation requirements that you will need to be able to meet. Documents you will need to submit may include bank statements, a signed income declaration or a letter from your accountant. Different lenders have different requirements so the best way to proceed is to request a quotation then study the requirements for any offers that you receive. If you have any difficulties providing the necessary paperwork for low doc loans that you are offered, please contact us to discuss your options with one of our consultants.


The length of time it takes for an application to be approved depends on the size of the loan you require and the lenders who are willing to offer funding. In some cases, funds are deposited in just 1 to 2 days after receipt of the application, but we recommend getting in touch with us first if you have a particularly urgent request so that we can proceed accordingly. If we know the timescale involved, we can approach lenders who we know are able to make a decision within that time for low/no doc loans.


Prospective lenders will want to know what you intend to do with the money you plan to borrow but there are no hard and fast rules. Purchasing new equipment, hiring urgently required staff, taking advantage of opportunities for rapid expansion and performing essential property repairs are just some of the reasons that small companies and self-employed people apply for this type of loan: low doc business funding can be used for any legitimate expense or investment. If you’re not sure whether your plans will be acceptable to our lenders, call now to discuss them.

Apply with Universal Finance Today

If you’d like to apply for a low or no doc business loan or require any further information, call one of our friendly consultants today on (03) 9088 8369 or email us

• Adelaide Head Office: Suite 1/40 North East Road, Walkerville SA 5081

• Melbourne Office: Level 40, 140 William Street, Melbourne CBD 3000

• Sydney Office: Level 57 (MLC Centre) 19-29 Martin Place, Sydney CBD 2000 (by appointment only)