Low Doc offers pre-approval, without financial accounts, up to a maximum of $500k, subject to the following common conditions:
- Client has been in the same business for at least two years.
- Client owns real estate.
- Satisfactory credit bureau check.
- Equipment being financed is generally no older than 3-4 years.
- Equipment being purchased will replace an existing finance commitment and the new finance commitment is no more than 25% of the existing monthly payment.