No-doc loans are a type of loan that is offered to borrowers who have limited documentation to support their income and financial position. No doc loans are available in Australia for small to medium businesses (SMBs). These loans can be in the form of term loans or lines of credit.

However, it’s important to note that no-doc loans generally come with higher interest rates and fees than traditional loans. Lenders take on a higher risk level by lending to borrowers without sufficient documentation.

To qualify for a no-doc loan in Australia, SMBs must provide basic information such as their business name, ABN, and a self-declaration of their income and assets. Depending on the lender’s specific requirements, the lender may also require additional information, such as bank statements, credit history, or other financial documents.

If you are a small to medium business looking to obtain a no-doc loan in Australia, shopping around and comparing different lenders to find the best terms and rates that meet your needs is recommended. It’s also essential to fully understand the terms and conditions of the loan and ensure that you can meet the repayment obligations before taking on the loan.