Introduction
Running a building or construction business often means irregular cash flow, unpredictable income, and busy seasons that don’t align with neat paperwork. But what if you need to finance a new truck, excavator, or work ute — and don’t have full tax returns or detailed financials ready?
That’s where low doc loans for builders come in. These specialised loans help construction companies secure funding using alternative documents, making it easier to keep your business moving.
Who Is Eligible?
Lenders offering low doc construction loans typically look for:
-
✅ An active ABN (usually 6–12+ months old)
-
✅ Use of the financed asset at least 50% for business purposes
-
✅ Alternative documents like bank statements, BAS, or an accountant’s letter
-
✅ A strong deposit (often 10–20% improves approval odds)
Even without tax returns, lenders want confidence that your business is trading and has steady work.
How Do Builders Use Low Doc Loans?
Here’s where low doc loans help most:
-
Fleet Upgrades → Get new utes, trucks, or vans to handle more site work.
-
Machinery Finance → Secure equipment like excavators, skid steers, or cranes.
-
Tool Upgrades → Finance bulk tool purchases to outfit your team.
-
Cash Flow Boost → Free up working capital by financing rather than paying upfront.
Common Documents You’ll Need
Even without tax returns, be ready to provide:
-
✅ 12 months of business bank statements
-
✅ Latest BAS statements showing turnover
-
✅ An accountant’s letter verifying income
-
✅ Equipment or vehicle quotes/invoices
Case Example
Jake’s Carpentry had been operating for 9 months with plenty of cash flow but hadn’t finished their tax year yet. Using 12 months of bank statements and a signed accountant’s letter, Jake secured a $65,000 low doc loan to finance a new tipper truck — helping him scale up and take on bigger jobs.
Tips for Builders
-
✅ Keep your business accounts clean (avoid bouncing payments).
-
✅ Maintain accurate BAS lodgements.
-
✅ Clearly explain how the financed asset will generate business income.
-
✅ Work with brokers who understand low doc construction lending.
Final Call to Action
Ready to see what you qualify for?
👉 Check your eligibility now — no credit check, no obligation
Explore more resources on our Business Lending Hub for low doc loans across industries.
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.
