Introduction
The hospitality and event industry thrives on seamless service, well-equipped venues, and memorable experiences. But investing in upgrades or scaling operations often requires funding, and many businesses struggle to secure finance if they don’t have formal tax returns.
That’s where low doc loans help — offering flexible funding using alternative documentation.
Who’s Eligible?
Hospitality and event businesses that typically qualify include:
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✅ Event planners, catering companies, wedding venues, conference centres, and hospitality venues with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or operational purposes
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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 hospitality and event businesses with:
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Purchasing Equipment → Catering gear, sound systems, lighting, or décor.
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Upgrading Venues → Renovate function rooms, kitchens, or outdoor spaces.
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Expanding Services → Launch new event offerings, open additional venues, or increase capacity.
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Hiring Staff → Bring on chefs, waitstaff, coordinators, or event managers.
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Marketing and Promotions → Boost event bookings, online presence, or partnership campaigns.
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 booking and event summaries
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✅ Quotes or purchase orders for equipment or renovations
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✅ (Optional) Accountant’s letter confirming turnover or booking pipeline
Case Example
Elite Events Co. needed $140,000 to upgrade its event décor inventory and expand its marketing efforts. With 17 months of ABN activity, a full booking calendar, and a 25% deposit, they secured a low doc loan — boosting their event capacity and client base.
Tips for Hospitality Loan Applicants
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✅ Maintain clear booking, payment, and client records.
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✅ Highlight how investments will improve service or attract more clients.
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✅ Work with brokers familiar with hospitality and event financing.
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✅ Ensure compliance with licensing, safety, and hospitality regulations.
Final Call to Action
Ready to elevate your hospitality or event business?
👉 Check your eligibility today — no credit score impact
Explore more insights 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.
