Introduction
Farming and agricultural businesses face seasonal demands, fluctuating income, and capital-heavy investments. But when it’s time to purchase machinery, upgrade equipment, or expand operations, many farms struggle to provide up-to-date tax returns or full financial statements.
That’s where low doc loans offer a lifeline, providing flexible financing with alternative documentation.
Who’s Eligible?
Agricultural businesses that typically qualify include:
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✅ Farms, crop producers, livestock operations, and agricultural contractors with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or farming use
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✅ Applicants providing alternative income proof (bank statements, BAS, accountant’s letter)
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✅ Borrowers with a deposit (often 10–30%)
What Can You Finance?
Low doc loans help farming businesses with:
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Purchasing Machinery → Tractors, harvesters, balers, or ploughs.
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Upgrading Vehicles → Utility vehicles, trucks, or farm transport.
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Land Improvements → Fencing, irrigation systems, or soil upgrades.
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Expanding Operations → Increase acreage, add crops, or boost livestock numbers.
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Bridging Cash Flow → Manage between harvests or market shifts.
What Documents Should You Provide?
Even if you lack formal tax returns, prepare:
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✅ 12 months of business bank statements
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✅ BAS lodgements or supply contracts
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✅ Quotes or purchase orders for equipment or improvements
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✅ (Optional) Accountant’s letter confirming farm income or yields
Case Example
Meadow View Farms needed $150,000 to purchase a new harvester and upgrade irrigation. With 20 months of ABN activity, steady bank statements, and a 25% deposit, they secured a low doc loan — increasing crop yields and boosting seasonal profits.
Tips for Agricultural Loan Applicants
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✅ Keep supply contracts, yield records, and financial summaries organised.
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✅ Show how new investments will improve productivity or revenue.
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✅ Work with brokers familiar with agricultural financing.
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✅ Maintain compliance with farming standards, environmental rules, and safety regulations.
Final Call to Action
Looking to grow your farm or agricultural business?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for more details.
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.
