Equipment finance for most can be a frustrating and time consuming process.
If you’re a small business owner, independent contractor or starting a new business venture most lenders will have strict application criteria and generally request comprehensive financial information such as profit and loss statements, bank statements or even cash flow projections.
If you are unable to provide this information most lenders will be unable to approve the loan for you. This will mean your business cannot expand and subsequent business income increase. Having a business that doesn’t operate to its full potential will mean you are trapped in a cycle of not being able to provide the financial information needed for the lenders approval.
So What Can Be Done?
iCredit works with accredited lenders to assist Australian business owners purchase machinery and equipment with lo doc equipment and machinery finance.
If you have been rejected by the banks, Lo Doc or low documentation loans are a useful way of purchasing equipment and machinery whilst showing little or no financial information. Lo Doc Loans can be personalised to suit your business income streams and overall budget. As your personal broker, iCredit will work with the appropriate lenders to achieve the best results for your business. Lo Doc Equipment Finance can be utilised to purchase any worthwhile goods to be used for business use.
Lo Doc loans are not easy accessible and are a specialised product. You will need to talk to a professional finance broker regarding your business needs and objectives. The team at iCredit are experts in equipment and machinery finance and can assist businesses of all sizes to get the result they need.
Talk to a member of the iCredit team today or make an enquiry online.
iCredit’s services are provided throughout Australia, including QLD, NSW, VIC, ACT, TAS, SA, WA and NT