Introduction
Farmers and agricultural operators face unique challenges: seasonal income, fluctuating commodity prices, and long operating cycles. That’s why securing finance isn’t always easy — especially if you can’t provide full tax returns or financial statements on demand.
Low doc loans for farmers offer a practical solution, letting you access funding with alternative documentation, so you can keep your farm running smoothly.
Who Is Eligible?
Lenders typically approve low doc agri-loans for:
-
✅ Active ABN holders (usually trading for at least 6–12 months)
-
✅ Businesses using the asset or loan at least 50% for farming or agriculture
-
✅ Applicants providing alternative proof of income, such as bank statements or BAS
-
✅ Farmers with a strong deposit (often 10–30%)
What Can Low Doc Farm Loans Be Used For?
Farmers often use low doc loans to:
-
Upgrade Machinery → Tractors, harvesters, sprayers, and attachments.
-
Purchase Farm Vehicles → Utes, trucks, and all-terrain vehicles.
-
Invest in Storage or Sheds → Build or upgrade grain silos, barns, or workshops.
-
Expand Livestock Operations → Buy livestock transport vehicles or holding equipment.
-
Boost Cash Flow → Free up working capital for seasonal expenses.
Common Documentation
Even if you don’t have tax returns ready, you should prepare:
-
✅ 12 months of business bank statements
-
✅ BAS lodgements to show turnover
-
✅ Quotes or invoices for the equipment or asset
-
✅ (Optional) Accountant’s letter confirming income
Case Example
Sarah’s Dairy Farm had strong cash flow but hadn’t finalised last year’s tax returns. She worked with a broker to provide bank statements and a 25% deposit, securing a $75,000 low doc loan to buy a new feed mixer — boosting her herd’s production and profits.
Tips for Farmers Applying
-
✅ Keep farm financials organised, even if informal.
-
✅ Explain clearly how the loan or asset improves farm operations.
-
✅ Work with a broker who understands rural and agricultural lending.
-
✅ Maintain a good credit file, even if income documents are light.
Final Call to Action
Want to explore your options for farm or agri-business finance?
👉 Check your eligibility now — no credit score impact
Visit our Business Lending Hub for more tips on low doc lending.
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.
