Also called: Full financials
Full-doc finance
Full-doc finance is lending assessed on complete financial information, typically two years of tax returns and financial statements for the business and its directors, plus ATO portal reports and bank statements. It is the standard approach for banks and larger commercial facilities.
What is a full-doc finance?
Full-doc finance is lending assessed on complete financial information, typically two years of tax returns and financial statements for the business and its directors, plus ATO portal reports and bank statements. It is the standard approach for banks and larger commercial facilities.
Example
A $1.2 million commercial property purchase assessed full-doc using two years of company financials, personal tax returns and a lease schedule.
Why it matters
It takes longer and needs more paperwork, but full-doc assessment usually produces the sharpest pricing and the largest limits.