Introduction
Healthcare and medical businesses depend on specialised equipment, trained staff, and modern facilities to provide top-quality care. But upgrading or expanding often demands significant funding, and many providers face barriers if they lack formal tax returns.
That’s where low doc loans help — offering flexible funding using alternative documentation.
Who’s Eligible?
Healthcare and medical businesses that typically qualify include:
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✅ General practitioners, dental clinics, physiotherapists, chiropractors, optometrists, psychologists, allied health providers, and small medical startups with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or operational needs
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✅ Applicants providing alternative income proof (bank statements, BAS, accountant’s letter)
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✅ Borrowers with a deposit (usually 10–30%)
What Can You Finance?
Low doc loans help healthcare and medical businesses with:
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Purchasing Equipment → Medical imaging devices, dental chairs, physiotherapy tools, diagnostic software, or telehealth systems.
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Upgrading Facilities → Renovate consultation rooms, expand clinic space, or improve patient amenities.
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Expanding Services → Add new treatment options, launch wellness programs, or introduce allied health offerings.
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Hiring Staff → Bring on nurses, practitioners, allied health specialists, or admin teams.
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Improving Patient Experience → Invest in booking systems, practice management software, or patient communication tools.
What Documents Should You Provide?
Even without formal tax returns, prepare:
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✅ 12 months of business bank statements
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✅ BAS lodgements or patient/client summaries
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✅ Quotes or purchase orders for equipment or upgrades
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✅ (Optional) Accountant’s letter confirming turnover or patient pipeline
Case Example
WellCare Physiotherapy needed $120,000 to open a second clinic location and purchase new rehabilitation equipment. With 19 months of ABN activity, a steady patient base, and a 25% deposit, they secured a low doc loan — expanding services and boosting revenue.
Tips for Healthcare Loan Applicants
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✅ Maintain detailed patient, billing, and revenue records.
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✅ Highlight how new investments will enhance patient care or clinic capacity.
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✅ Work with brokers familiar with healthcare sector financing.
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✅ Ensure compliance with healthcare regulations, licensing, and privacy standards.
Final Call to Action
Ready to grow your healthcare or medical practice?
👉 Check your eligibility today — no credit score impact
Find expert advice at our Business Lending Hub.
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.
