Introduction
Agriculture is an industry that demands significant investment — whether it’s for tractors, harvesters, irrigation systems, or fencing upgrades. But many small and mid-sized farming businesses face challenges accessing finance without formal tax returns or full financial statements.
That’s where low doc loans come in, providing flexible funding with alternative documentation.
Who’s Eligible?
Agriculture and farming businesses that typically qualify include:
-
✅ Crop farmers, livestock producers, horticultural businesses, vineyards, and mixed farms with an active ABN (6–12+ months)
-
✅ Businesses using the loan at least 50% for farming or operational purposes
-
✅ Applicants providing alternative income proof (bank statements, BAS, accountant’s letter)
-
✅ Borrowers with a deposit (usually 10–30%)
What Can You Finance?
Low doc loans help farming businesses with:
-
Purchasing Machinery → Tractors, harvesters, sprayers, or ploughs.
-
Upgrading Vehicles → Farm utes, trucks, or transport trailers.
-
Improving Land → Fencing, irrigation systems, or soil upgrades.
-
Expanding Operations → Buy additional land or increase production capacity.
-
Bridging Cash Flow → Manage seasonal expenses, equipment repairs, or supplier payments.
What Documents Should You Provide?
Even if you lack formal tax returns, prepare:
-
✅ 12 months of business bank statements
-
✅ BAS lodgements or sales summaries (e.g., livestock or crop sales)
-
✅ Quotes or purchase orders for equipment or improvements
-
✅ (Optional) Accountant’s letter confirming turnover or production
Case Example
Harvest Hills Farm needed $150,000 to upgrade its irrigation system and add new planting equipment for expanding their crop production. With 18 months of ABN activity, reliable sales records, and a 25% deposit, they secured a low doc loan — increasing yields and boosting profits.
Tips for Agricultural Loan Applicants
-
✅ Keep clear records of production, sales, and supplier contracts.
-
✅ Highlight how new investments will improve productivity or expand output.
-
✅ Work with brokers familiar with agricultural and rural lending.
-
✅ Ensure compliance with environmental, safety, and biosecurity regulations.
Final Call to Action
Looking to invest in your farm or agricultural business?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for expert guidance.
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
