Grow Finance: low doc asset finance and business loans through brokers

Grow Finance is the kind of lender most business owners meet by accident: your broker mentions it, because it will look at a vehicle or equipment deal that a bank’s standard process wouldn’t. It is a non-bank, established in 2015, and by its own description it set out to offer a wide range of products in one place.

A caution up front. Grow’s website could not be read by our fetching tools when we prepared this profile, so we haven’t listed amounts, minimum trading periods or turnover thresholds. What follows rests on trade press from Mortgage Professional Australia and The Adviser, which agree on the products and the broker channel. Treat it as a guide to what to ask, as at October 2026.

What does Grow Finance offer?

Trade coverage describes a range of asset finance, business loans, overdrafts and insurance premium funding. A separate report described a move into invoice and trade finance when Grow added a specialist team, and coverage of its low doc products shows how it lends:

Option	How trade press describes it
Easy Doc	Assessed on bank statements; for new and used assets
Specialist Asset Low Doc	No financials required
Low Doc No Deposit	Aimed at cars, vans and utes, with fast online assessment
Low Doc Balloon Refinance	Refinance of balloon payments on vehicles

The caps quoted for these products in older reports have moved more than once, so don’t plan around them. Our guides to asset finance, equipment finance and low doc business loans explain the structures in plain English.

Who is Grow Finance likely to suit?

• Owners buying a work vehicle or equipment with no appetite for assembling two years of statements.
• Self-employed operators and small companies whose bank account looks stronger than their tax return.
• Businesses with a broker they trust, since access is through the broker channel.
• Owners with annual insurance bills who want to spread them, via insurance premium funding.

It is likely to suit less well if you want a large property-secured loan, want to deal with the lender direct, or have significant recent arrears.

If your bank will finance the asset on good terms, take that seriously. Banks often win on cost when your accounts are in order. A low doc non-bank earns its place when documentation, speed or policy is the obstacle.

Not sure if low doc is the right route? Send us a few details and a person will talk it through.

What should you ask your broker?

1. What is the current maximum for this asset and documentation level?
2. How is the asset secured, and will it be on the PPSR?
3. Is there a balloon payment, and what does it cost in dollars over the term?
4. What fees apply on establishment and early payout?
5. Is a personal guarantee needed?

Run the repayment through our equipment finance calculator so you know it fits your cash flow before you go further.

A worked example of low doc asset finance

Picture an electrician who has traded for three years and wants a $68k van fitted out with racking. Her tax return shows modest profit because she bought tools and paid herself conservatively, but her business account shows steady deposits. A bank-statement-based product lets the lender see that cash flow directly, and the broker can compare it with a full-doc offer from her bank.

If the bank’s full-doc offer is cheaper in total dollars, that is the one to take. If it is slower or declines on the tax return, the low doc option is the practical route. The right answer comes from comparing both in dollars over the term, which our loan cost comparison calculator makes simple. For trades specifically, see electricians’ business loans.

What if Grow Finance isn’t the fit?

• Another broker-channel lender: Resimac and Metro Finance both have pages here.
• A different structure: a chattel mortgage, hire purchase or finance lease can change how an approval looks.
• A thin trading history: see business loans with an ABN under 12 months.

Let’s match the asset to the right funder

The best asset finance outcomes come from putting the right deal in front of the right lender once, rather than collecting declines.

Our enquiry runs to about a minute, and asking leaves your credit score exactly where it was. Your information stays in one place rather than fanning out to the market, and a person who has read it will phone you. Accurate figures on price, trading time and current finance help us get the first suggestion right.

Find the right asset finance fit →