Commercial articles Article 4 of 8
General Process 
3 ways to submit a deal 
Application Steps 
ID Verification 
Repayment Calculation 
How to get paid 
Early Payout 
Commercial
Approval Criteria
Updated 5 Feb 2025Note
The summary of this whole page is:
If an ABN is older than 2 years, 90% of the time, it “should” be right for up to $150,000.
We are brokers, so the approvals are not issued directly from us. Lenders provide us with their approval criteria and we find the best match for the customer.
A more specific answer
- Most commercial approvals are issued without looking at financials, this is called a low-doc approval.
- The maximum we can approve through a low-doc approval is $150,000.
- Low doc approvals are based on the customer’s profile. Things that can be easily determined without the need for financials. These are referred to as parameters.
- Size of loan & ABN age is by far the most important parameters.
- In most cases, we need the ABN to be older than 2 years.
- Apart from ABN age, the most common parameters include:
- Property ownership status (any address).
- Property ownership status (installation address).
- Credit score.
- Less common parameters include:
- Term.
- ABN type.
- There are many more, but as you go down the list, it gets less and less important.
- Since there are literally 100s of combinations of approvals, it does not make sense to list them out one by one.
- Instead to summarise: If an ABN is older than 2 years, 90% of the time, it “should” be right for up to $150,000. Furthermore, the larger the loan is, the more likely it is that we will require the customer to own property.
Alternatives: Easy Doc & Full Doc
- 95% of our approvals are issued through Low Doc, but if a customer does not fit the criteria, there are two other options we can consider, Easy Doc & Full Doc.
Easy Doc
- Rather than getting full financials, a middle ground is to obtain bank statements. This is referred to as Easy Doc.
- We can’t accept paper statements and require an online connection. Click here for more details.
- Usually we use this approval if the customer’s ABN age is in between 1-2 years.
We can also use Easy Doc (bank statements) to approve deals from $150,000 - $300,000.
Full Doc
- There is always the option of getting financials and assessing the deal. This is referred to as Full Doc.
- Generally this is when the loan is larger than $300,000 and no low doc approvals are possible.
- Once we go down this road we can’t go back to low doc. I.e. if the financials look bad, that’s the end. We cannot “unsee” something we have already seen.
- Rates for Full Doc loans are not standardised. The customer will get risk-rated and get a specific rate for their situation.