Introduction
The mining and resources sector relies on heavy-duty machinery, site vehicles, and specialised equipment — all requiring large upfront investment. But for many small-to-mid-sized operators or contractors, securing finance without full tax returns or detailed financials can be a major hurdle.
That’s where low doc loans step in, offering flexible funding using alternative documentation.
Who’s Eligible?
Mining and resources businesses that typically qualify include:
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✅ Small-to-medium mining contractors, drilling companies, and resource extraction firms with an active ABN (6–12+ months)
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✅ Businesses using the loan at least 50% for commercial operations
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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 mining and resource businesses with:
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Purchasing Heavy Equipment → Excavators, drills, loaders, crushers, or haul trucks.
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Upgrading Vehicles → Mine-spec utes, light vehicles, or transport trucks.
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Expanding Operations → Add work sites, increase extraction capacity, or hire staff.
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Investing in Safety Systems → Compliance upgrades, tracking devices, or monitoring tools.
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Bridging Cash Flow → Manage supplier payments, wages, or contract delays.
What Documents Should You Provide?
Even if you lack formal tax returns, prepare:
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✅ 12 months of business bank statements
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✅ BAS lodgements or service contracts
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✅ Quotes or purchase orders for equipment or upgrades
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✅ (Optional) Accountant’s letter confirming income or pipeline projects
Case Example
RockCore Mining Contractors needed $300,000 to purchase additional drilling equipment for a major contract. With 18 months of ABN activity, solid cash flow, and a 30% deposit, they secured a low doc loan — increasing project capacity and landing a long-term contract extension.
Tips for Mining Loan Applicants
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✅ Keep contracts, project summaries, and payment records up to date.
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✅ Highlight how new equipment will directly increase capacity or contracts.
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✅ Work with brokers experienced in mining and resource-sector financing.
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✅ Maintain strict compliance with safety, environmental, and regulatory standards.
Final Call to Action
Ready to scale your mining or resources business?
👉 Check your eligibility today — no credit score impact
Visit our Business Lending Hub for expert guidance.
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.
