Introduction
Education businesses — from tutoring services to private training organisations — often need to invest in new learning spaces, technology, or staff. But many small operators or startups don’t yet have formal tax returns or complete financials when applying for finance.
That’s where low doc loans come in, helping education providers access flexible funding using alternative documentation.
Who’s Eligible?
Education and tutoring businesses that typically qualify include:
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✅ Tutoring centres, private schools, RTOs, and training providers with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or educational purposes
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✅ Applicants providing alternative proof of income (bank statements, BAS, accountant’s letter)
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✅ Borrowers with a deposit (usually 10–20%)
What Can You Finance?
Low doc loans help educational businesses with:
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Upgrading Learning Spaces → Renovate classrooms, training rooms, or online learning setups.
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Purchasing Equipment → Computers, tablets, whiteboards, or learning aids.
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Expanding Operations → Open new locations or increase student capacity.
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Marketing and Outreach → Boost enrolments through local or digital campaigns.
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Hiring Staff → Add tutors, trainers, or administrative support.
What Documents Should You Provide?
Even if you don’t have full tax returns, prepare:
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✅ 12 months of business bank statements
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✅ BAS lodgements or enrolment summaries
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✅ Quotes or purchase orders for equipment or renovations
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✅ (Optional) Accountant’s letter confirming turnover or income
Case Example
Bright Minds Tutoring wanted $50,000 to renovate its tutoring centre and add new learning tools. With 14 months of ABN activity, strong bank statements, and a 20% deposit, they secured a low doc loan — increasing their student enrolments by 30%.
Tips for Education Loan Applicants
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✅ Maintain accurate enrolment and revenue records.
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✅ Highlight how funding will improve learning outcomes or business growth.
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✅ Work with brokers experienced in education sector financing.
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✅ Ensure compliance with educational standards and licensing.
Final Call to Action
Looking to expand your tutoring or educational business?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for more insights.
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.
