Introduction
Mining and resource businesses rely on heavy machinery, specialised vehicles, and robust infrastructure to operate efficiently. But financing new equipment or expanding operations often requires significant capital, and many firms face hurdles if they lack formal tax returns.
That’s where low doc loans help — offering flexible funding using alternative documentation.
Who’s Eligible?
Mining and resources businesses that typically qualify include:
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✅ Mining contractors, exploration companies, drilling operators, quarry businesses, and equipment service providers 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 mining and resource businesses with:
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Purchasing Machinery → Excavators, dump trucks, drilling rigs, or screening equipment.
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Upgrading Vehicles → Heavy-duty utes, site vehicles, or haulage trucks.
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Expanding Projects → Develop new sites, expand exploration zones, or scale operations.
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Hiring Staff → Bring on machine operators, engineers, or site managers.
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Improving Systems → Invest in safety systems, environmental monitoring, or project management tools.
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 contract summaries
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✅ Quotes or purchase orders for machinery or services
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✅ (Optional) Accountant’s letter confirming turnover or project pipeline
Case Example
RedRock Drilling needed $400,000 to add two drilling rigs and hire additional operators. With 24 months of ABN activity, strong contract bookings, and a 30% deposit, they secured a low doc loan — increasing project capacity and boosting revenue.
Tips for Mining Loan Applicants
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✅ Maintain detailed project, contract, and payment records.
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✅ Highlight how new investments will improve efficiency or open new opportunities.
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✅ Work with brokers experienced in mining and resource sector financing.
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✅ Ensure compliance with safety, environmental, and regulatory requirements.
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 insights.
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.
