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Full Doc Truck and Equipment Finance
When experience matters, choose the experts. With over 20 years in the industry, our Finance Consultants structure smart Full Doc Loans, combining tailored advice with competitive funding options for Transport and Heavy Equipment Operators.
Our Trusted Finance Partners
Full Doc Loan Finance
Understanding Full Doc Loans For Truck And Equipment Finance
A Full Doc Loans are the most traditional and widely accepted form of Commercial Finance in Australia. It requires borrowers to provide a comprehensive set of financial documents so the Lender can verify income, serviceability, and overall financial strength. This has long been the standard approach for securing Truck and Equipment Finance.
Under a Full Doc application, businesses are typically asked to supply their most recent 2 years company financial statements (profit / loss and balance sheet) along with corresponding business tax returns. Personal tax returns for company directors or guarantors are also commonly required. This level of detail allows lenders to thoroughly assess the stability, performance, and risk profile of the business.
Although more documentation is required compared to Low Doc options, the key advantage of a Full Doc Loan is access to higher lending limits, the most competitive interest rates and the most flexible lending terms available. By clearly demonstrating strong financial performance and repayment capacity, businesses can secure premium funding solutions for Trucks and Heavy Equipment Assets.
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Apply Now for Online Pre-Approval up to $500K without affecting your credit score.
Higher Borrowing
Features of a Full Doc Loan Facility
- This form of financing means clients can secure the best interest rates and more flexible lending terms, particularly if servicing position is strong
- Applicants and applications have a high level of scrutiny to abide by governmental legislation and responsible lending practices
- Company needs to service company debts, whilst personal tax returns need to service personal commitments
- Gives access to funding for specialist type goods – drilling rigs, tower cranes
- Provides a higher level of total borrowing for a customer
- Assessment times can be longer on Full Doc Loans compared to Low Doc Loans, due to the additional level of financial analysis required
- Higher level of financial analysis required on large applications - this could involve customer having to provide tax portals in integrated client account and income tax accounts
- To keep the application process as streamlined as possible for our customers, we typically only require financials on applications >$500K
Tax Advantages
Benefits of a Full Doc Loan Facility
- This form of funding allows client more choices with what Equipment they purchase - ie specialised Trucks and Equipment
- Provides customers access to higher lending limits compared to Low Doc lending which are typically capped at $500K
- Full Doc Truck and Heavy Equipment Loans give customer access to better interest rates and more flexible lending terms on high dollar value transactions
- When financial statements are held on file, we have the ability to conduct annual reviews on ours customers which means we can offer them pre-approved lending limits - giving them access funding without having to go through the full application process
- If financials are held on file we can offer customers better long term lending strategies as we are able to ascertain the full financial situation of the business
- Cash flow projections can work in conjunction with historical financials when factoring in additional income generated from new work contracts
- Our analysis of company balance sheets can identify lending products for our customers they had not previously been offered or even knew that existed
We Make Full Doc Truck and Heavy Equipment Finance Quick and Easy for Business Owners Australia Wide.
Start Now and complete our Quick Assessment Form to obtain a Pre-Approval up to $500K – decision within a few seconds.
Alternatively, you can call one of our Finance Consultants to discuss your funding scenario.
Example Breakdown
Example Funding Scenario
- A Mining Exploration company investing in a Drilling Rig to scale operations and meet growing project demand
- Facility Type – Chattel Mortgage
- Loan Amount – $2.5M (gst inc)
- Term – 36 months
- Balloon – NIL
- Payments – Monthly in arrears
Outcome
- We obtained 2 years company financials on all related entities within the group and personal tax returns for the directors
- Senior Finance Controller also provided detailed cash flow forecast detailing income expenses for the group over the next 2 years
- Client was able to Finance specialised Asset used in high risk industry
- Given our anaysis of the balance sheets in the financial statements, we were able to identify additional lending opportunities for the customer allowing them to diverse their lending portfolio even further
- Now that we hold financials on file we will be able to conduct annual reviews for the customer providing them with pre-approved funding limits, so that can acquire Heavy Equipment Assets when required - without going through the formal application process
Customer Reviews
Our customers say it best. Find out what it's like dealing with the Experts in Full Doc Truck and Heavy Equipment Finance. You could be the next success story.
Nathan you are fantastic to deal with. Always prompt with deals never a hiccup. After 8 truck deals will never use another broker. Keep up the great work you make my life stress free.
TH
Tracey Hall
Scone Equine Transport Pty Ltd
I have been dealing Heavy Vehicle Finance since 2014 and have found them be nothing short of amazing.They have funded various trucks and trailers for me over the years and its a fantastic feeling to know that I still have the same account manager after all of these years of business.It is very good to know that a finance approval is only a phone call away.
CW
Colin Wallace
Palanquin Pty Ltd
I have used the team at Heavy Vehicle Finance twice now for our financing needs for prime movers and side tippers. A Great team to work with and very prompt and professional. We will use again in the future.
JC
James Coustley
JJC Civil
I have used Nathan and his team for multiple purchases for our earthmoving company and Nathan has gone above and beyond to help us with expanding our business. I couldn’t recommend Nathan more highly.
SW
Sam Wood
Sureflo Plumbing & Roofing Contractors Pty Ltd
We used Heavy Vehicle Finance for the purchase of our Truck. They went above and beyond for us and made sure that the process was as stress-free as possible. The entire interaction was nothing short of amazing. We will definitely be using them again in the future.
MM
Meagan McNicholl
Next Gen Transport Pty Ltd
Can’t thank Nathan enough for how fast and professional he was with organising my finance for my new truck. He was straight to the point with no stuffing around. Highly recommended
TH
Tim Hartas
Hartrax Contracting Pty Ltd
Full Doc Heavy Vehicle Finance Calculator
Looking to buy a New or Used Heavy Vehicle? Try our Simple Full Doc Loan Calculator to estimate your weekly payments and take the guesswork out of your next Heavy Vehicle purchase.
Why Us?
Unlock the Benefits of Heavy Vehicle Finance for Your Full Doc Loan
- Heavy Vehicle Finance backed by 20 Years Industry Experience. Heavy Vehicle Finance that will work for you.
- Quick, Easy and Obligation Free. Heavy Vehicle Finance Pre-Approvals up $500K.
- We deal with Owner Drivers and Fleet Operators Australia Wide. We will help you save thousands on your next Heavy Vehicle Loan.
- We're trusted across the Transport Industry as a leading provider of Heavy Vehicle Finance. Our applicants receive funding options tailored to their business needs, delivered efficiently by experts who understand Heavy Vehicle Industry.
- Typically No Financials are required for loans up to $500K and our unconditional approvals take only 24 hours.
- Our flexible policy matrix will give you greater access to capital—so you can secure the Heavy Vehicle and Heavy Equipment you need to grow your business faster and with more confidence.
- Our customers are assigned a dedicated Relationship Manager to help guide them through the process from start to finish.
Let us Finance
the Road to Your
Future
Complete our Simple Quick Assessment Form and let us go to work on finding the best Finance Deal on your New or Used Heavy Vehicle.
With over 20 years experience and thousands of deals done, we are on your side to get the best possible rate.
Heavy Vehicle Finance News
Explore the latest trends, tips, and insights in Heavy Vehicle Industries. Get the inside knowledge.
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