Features and Benefits of a Low Doc Equipment Loan

• turnaround times for the client are not as quick as a full doc
• medium amount of paperwork is required for an approval
• medium amount of paperwork is required for settlement
• clients can generally only source finance approvals up to $150K for an additional loan or $500K for a replacement loan
• clients have less funding options available
• deals can still be approved even if financial statements are not available