Introduction
Medical and allied health businesses — like GPs, dentists, physiotherapists, and psychologists — require investment in equipment, modern facilities, and skilled staff to deliver excellent patient care. But accessing finance can be tricky when you lack formal tax returns.
That’s where low doc loans step in, providing flexible funding using alternative documentation.
Who’s Eligible?
Medical and allied health businesses that typically qualify include:
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✅ GP clinics, dental practices, physio clinics, psychology practices, podiatrists, chiropractors, and occupational therapists 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 health businesses with:
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Purchasing Medical Equipment → Imaging devices, dental chairs, physio tools, or IT systems.
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Upgrading Facilities → Renovate treatment rooms, improve waiting areas, or expand clinics.
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Hiring Staff → Bring on nurses, admin teams, allied health professionals, or medical specialists.
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Expanding Services → Launch new clinics, mobile services, or specialist programs.
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Marketing and Community Outreach → Improve patient acquisition through campaigns or local promotions.
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 appointment summaries
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✅ Quotes or purchase orders for equipment or renovations
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✅ (Optional) Accountant’s letter confirming turnover or patient pipeline
Case Example
BrightSmile Dental needed $150,000 to add new dental chairs and expand its hygiene department. With 20 months of ABN activity, strong patient bookings, and a 30% deposit, they secured a low doc loan — boosting appointment capacity and revenue.
Tips for Medical Loan Applicants
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✅ Maintain detailed patient, billing, and treatment records.
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✅ Highlight how new investments will improve patient care or expand services.
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✅ Work with brokers experienced in medical and health sector lending.
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✅ Ensure compliance with medical regulations, privacy laws, and health standards.
Final Call to Action
Ready to grow your medical or allied health practice?
👉 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.
