Introduction
The hospitality and food service industry thrives on quality, presentation, and customer experience — but keeping up often means investing in new equipment, restaurant fit-outs, or expanding your offerings. For many small businesses, securing finance without formal tax returns can be a challenge.
That’s where low doc loans come in, offering flexible funding with alternative documentation.
Who’s Eligible?
Hospitality and food service businesses that typically qualify include:
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✅ Restaurants, cafes, catering businesses, food trucks, bakeries, and takeaway shops 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 hospitality businesses with:
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Purchasing Equipment → Ovens, coffee machines, refrigerators, or catering gear.
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Upgrading Premises → Renovate dining areas, kitchens, or outdoor seating.
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Expanding Operations → Open new locations, food trucks, or delivery services.
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Hiring Staff → Bring on chefs, waitstaff, or baristas.
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Marketing and Promotions → Boost local advertising, online ordering platforms, or loyalty programs.
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 sales summaries
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✅ Quotes or purchase orders for equipment or renovations
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✅ (Optional) Accountant’s letter confirming income or turnover
Case Example
Bistro Verde needed $90,000 to renovate its dining space and upgrade kitchen equipment. With 16 months of ABN activity, steady sales records, and a 25% deposit, they secured a low doc loan — attracting more customers and increasing monthly revenue.
Tips for Hospitality Loan Applicants
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✅ Maintain detailed sales, supplier, and payroll records.
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✅ Highlight how upgrades or expansions will improve customer experience or boost profits.
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✅ Work with brokers familiar with hospitality financing.
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✅ Ensure compliance with food safety, health, and licensing requirements.
Final Call to Action
Ready to elevate your hospitality or food service business?
👉 Check your eligibility today — no credit score impact
Explore more expert resources 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.
