What type of business are you?
This determines which documents lenders need from you.
👤

Sole Trader

ABN in your name, no company structure

🏢

Company / Trust

Pty Ltd, trust, or partnership

🚀

New Business

ABN under 12 months

What are you financing?
Different assets may need different supporting documents.
🚗

Vehicle

Ute, van, car, or light commercial

🚛

Truck / Trailer

Rigid, prime mover, tipper, dog

🏗️

Earthmoving

Excavator, loader, skid steer

⚙️

Other Equipment

Machinery, fitout, specialist gear

Which application type suits you?
This affects how much paperwork you'll need.
📋

Full Doc

Full financials provided. Usually gets the best rate.

Low Doc

Minimal paperwork. Bank statements + ABN. Faster but rates may differ.

🤔

Not Sure

We'll show you both so you can see what's needed.

Your Document Checklist

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Send them through with your quote request and we'll match you with the best lender.

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What Documents Do You Need for Equipment Finance?

The documents required for equipment and vehicle finance in Australia depend on three main factors: your business structure (sole trader, company, or trust), the application type (full doc or low doc), and the asset you're financing.

Full Doc vs Low Doc Applications

A full doc application means providing complete financial statements, tax returns, and detailed business information. This pathway typically offers the best interest rates because lenders have a full picture of your financial position. A low doc application relies primarily on your ABN, bank statements, and a self-declaration of income. It's faster and requires less paperwork, but rates may be slightly higher to account for the reduced documentation.

Common Documents for Sole Traders

If you're a sole trader, most lenders will ask for your ABN details, driver's licence, 3 to 6 months of business bank statements, and details of the asset you want to finance. For a full doc application, you may also need your most recent personal tax return and a Notice of Assessment from the ATO. Some lenders accept BAS statements as an alternative to full tax returns.

Common Documents for Companies and Trusts

Companies and trusts typically need additional documentation including the company's ACN, details of directors and guarantors, company tax returns, and financial statements. Trust structures may also need to provide the trust deed. The specific requirements depend on the lender and the finance amount.

New Businesses

If your ABN is under 12 months old, the document requirements shift. Lenders place more weight on your personal credit history, industry experience, deposit amount, and the asset itself. Having evidence of contracts, work pipeline, or a clear explanation of how the asset will earn income can help your application.

Tips to Speed Up Your Application

The single biggest thing you can do to speed up approval is have your documents ready before you apply. Incomplete applications cause the most delays. Use the checklist above to see exactly what you need for your situation, gather everything, and submit it all at once.

Not sure what you need? Use the tool above to generate a personalised checklist, or call us and we'll walk you through it.

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