Do I need tax returns for a private loan?

Not necessarily. Low-doc applications typically require BAS statements and bank statements instead of tax returns. No-doc applications don't require tax returns at all. Full-doc applications do require the last 2 years of returns. Your broker will advise which level suits your situation.

Can my accountant provide a letter instead of full financials?

Yes, for low-doc applications. An accountant's letter confirming your income or business turnover is a standard alternative to providing full financial statements. The letter should be on the accountant's letterhead and include their registration details.

What if I don't have a trust deed readily available?

Your solicitor or accountant should have a copy. If not, you can order one from the relevant state registry. Allow 3–5 business days for this, which is why organising entity documents in advance is important.

Do I need a valuation before applying?

No — the lender orders the valuation as part of the application process. However, having a rough idea of your property's value helps your broker assess your borrowing capacity before lodging the application.

Fast Business Loans: Which Options Work

Jan 23
1 min read

Updated: Apr 15

Business loans take time. Or so the saying goes. Standard bank approval timelines sit somewhere between two and eight weeks, depending on complexity, documentation, and how quickly your broker or business accountant responds to requests.

Fast Business Loans: Which Options Work

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