No Doc Business Loans
No Doc Line of Credit Business Loans are available to sole traders, sub-contractor, small business owners and people who require overdraft / line of credit facilities. This type of lending is for business purposes and only accessible by those who have an ABN.
As long as the funds are used wholly or predominately for business use, there is no requirement to provide financial statements or tax returns.
Facility is a line of credit that can be secured by either 1st mortgage, 2nd mortgage or caveat on prime securities such as Residential or Commercial real estate or can be secured against unencumbered luxury goods such as luxury and classic cars, boats, jewelry, art, luxury watches, gold & precious metals and fine wine etc. Luxury goods will be stored in a safe location with the assets returned to you once the loan is paid out.
Suitable for borrowers who do not have access to financial statements and tax returns and/or borrowers who have a less than perfect credit history (eg paid/unpaid defaults etc)