Small Ticket Finance & Lo Doc Finance
Let A1 Car Loans help you secure your next business vehicle purchase via a simple application process. Call us on 1300 18 17 19 to discuss your needs in more detail.
Below is a summary of the requirements for our small ticket and lo doc loan products.
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Purpose
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Finance for any depreciable asset
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Finance for any depreciable asset
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Finance for any asset or capital exercise
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Finance Amount
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Minimum: $5,000 Maximum: $35,000
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Minimum: $20,000 Maximum: $50,000
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Minimum: $50,000 Maximum: $100,000
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Term
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24 – 60 months
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24 – 60 months
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24 – 60 months
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Facility
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Lease Rental
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CHP Lease Rental Chattel Mortgage
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CHP Lease Rental Chattel Mortgage
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Applicant Criteria
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ABN Registered
New Ventures OK (with industry experience & property owner)
Non Property Owner OK
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ABN Registered
New Ventures OK (with industry experience & property owner)
Non Property Owner OK
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ABN Registered
New Ventures OK (with industry experience & good asset backing)
Property Owners only
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Application Requirements
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ABN > 12 months
1) 3 trade account references or 6mths bank statements;
2) invoice/quote
ABN < 12 months
1) cashflow
2) proof of 60 days working capital (may be OD facility, CC)
3) invoice/quote
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ABN > 12 months
1) 2 yrs financials or interim management
2) invoice/quote
ABN < 12 months
1) cashflow
2) proof of 60 days working capital
3) invoice/quote ABN > 5 years - if Property Owner purchasing new equipment;
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ABN > 12 months
1) 2 yrs financials or interim management
2) commitment schedule 3) aged debtors & creditors
4) invoice/quote
5) brief history
ABN < 12 months
1) cashflow
2) proof of 60 days working capital
3) invoice/quote or details of collateral security used 4) details of industry experience
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