Introduction
Medical and healthcare businesses need cutting-edge equipment, well-designed spaces, and highly trained staff — but expanding or upgrading can come with high upfront costs. For small practices or new providers without formal tax returns, securing traditional finance can be challenging.
That’s where low doc loans help, providing flexible funding through alternative documentation.
Who’s Eligible?
Healthcare businesses that typically qualify include:
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✅ General practices, dental clinics, physiotherapy providers, chiropractors, and allied health services with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial or clinical 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 healthcare businesses with:
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Purchasing Equipment → Medical devices, dental chairs, physio equipment, or diagnostic tools.
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Upgrading Facilities → Renovate clinics, add treatment rooms, or improve accessibility.
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Expanding Operations → Open new locations or add service offerings.
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Marketing and Patient Outreach → Boost local advertising, website improvements, or social media.
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Bridging Cash Flow → Manage supplier costs, staff wages, or insurance payments.
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 records
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✅ Quotes or purchase orders for equipment or upgrades
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✅ (Optional) Accountant’s letter confirming turnover or income
Case Example
BrightCare Physiotherapy needed $120,000 to renovate its clinic and add new rehabilitation equipment. With 16 months of ABN activity, strong client bookings, and a 25% deposit, they secured a low doc loan — increasing patient capacity and boosting revenue by 30%.
Tips for Healthcare Loan Applicants
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✅ Keep appointment, billing, and revenue records well-organised.
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✅ Highlight how upgrades or expansions will enhance patient care or income.
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✅ Work with brokers experienced in healthcare financing.
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✅ Maintain all required licenses, certifications, and health compliance.
Final Call to Action
Looking to expand your medical or healthcare practice?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for expert advice.
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.
