A commercial alt doc loan is a type of loan that is specifically designed for business owners or self-employed individuals who may have difficulty providing the extensive documentation typically required for a traditional business loan. These loans are generally provided by non banks or other financial institutions and have less stringent documentation requirements, making them more accessible to those who have difficulty meeting the documentation requirements of traditional business loans.

Documents Required for a Commercial Alt Doc Loan

The documentation requirements for commercial alt doc loans typically include a signed declaration stating the business owner’s income, assets, and liabilities. The loan may also require the borrower to provide evidence of their business’s financial history, such as bank statements and tax returns or a letter from Accountant to confirm income.

Commercial alt doc loans typically have higher interest rates and fees than traditional business loans due to the increased risk to the lender. However, they can be a useful option for self-employed individuals or small business owners who need quick access to funding but may not have all of the documentation required for a traditional business loan.

This product is suitable for Purchases, refinance of an Investment Commercial Property to 80% LVR. Available to Self Employed Australians that have been in business for 12 months or more without lodged financials.

Suitable for Purchase, Refinance of Commercial Property in cat 1 to 3 locations
Can be used for financing equipment and vehicles.
Credit History – Must Be Clear Note: See separate product if Bad Credit
Loan Term 25 years (no reviews)
For Individuals, Partnerships, Corporate or Trust borrowers.

Maximum Loan Amounts

$4,000,000 – 75% LVR (Cat 1)^

$3,000,000 – 80% LVR (Cat 1)^

$3,000,000 – 75% LVR (Cat 2)*

$2,000,000 – 70% LVR (Cat 3)*

Acceptable Securities

Shop Fronts
Offices (strata office OK)
Industrial Units
Factories
Warehouses and Workshops
Mixed Residential & Commercial use

Income documentation

(PAYG) Last 2 pay slips plus one of the following: Letter of employment, Tax assessment notice or Latest income statement from MYGOV website.

(SELF EMPLOYED) Minimum twelve (12) month ABN registration (GST registered if applicable)

Fully completed Commercial Alt Doc Declaration of Financial status Form PLUS one of the following
Six (6) months ATO lodged BAS
Six (6) months business banking statements
Accountants Declaration Form (provided the Accountant has acted for the applicant/s for 12 months or greater)