Productive use
Describe what the asset will do, how it supports revenue or capacity, and when it is needed.
Business finance
Tell RateSmart what the business needs to finance, how the asset will be used and which records are available. As an asset finance broker, RateSmart can compare suitable commercial vehicle, truck and equipment options across its lender panel.
Eligibility and evidence
When standard financial statements are unavailable
Some lenders may consider alternative business records for eligible vehicle or equipment purchases. Low-doc does not mean no-doc: lenders still assess the business, asset, available evidence and ability to meet repayments.
Depending on the request, relevant information may include ABN and GST registration details, bank transactions or BAS records, an asset quote and identity or ownership details. Requirements, pricing and approval remain subject to lender assessment.
Discuss available business recordsCommon questions
About business and asset finance
Which loan type should my business use?
That depends on the asset, ownership and accounting needs. A broker can explain finance features; your accountant should advise on tax treatment.
Do newer businesses have options?
Some lenders consider newer businesses, subject to trading history, asset type and other assessment criteria.
Does low-doc mean no financial checks?
No. Lenders still assess the request and usually require alternative records.
Who may be eligible?
Criteria vary, but trading history, ABN status, asset type and available records commonly matter.
Before you enquire
Not sure where to start with business finance?
Explain what the asset will do, how long it should remain productive and which business records are available. You do not need to know the exact loan structure before asking for help.
Asset and supplier
Age, condition, supplier, invoice and expected useful life can affect lender policy and loan terms.
Business records
Trading history, bank statements, BAS, financials or alternative records may be relevant. Low-doc still requires assessment.
Deposit and ownership
Discuss deposits, balloon obligations and ownership goals, then confirm tax treatment with the business accountant.
Related guidance
Understand the details before you decide.
Review the costs, documents, eligibility and timing that may affect your finance options.