Key highlights
- Finance may be possible without recent BAS statements
- Lenders may accept bank statements or tax returns instead
- Low-doc declarations can support eligible applicants
- Your accountant can confirm your BAS obligations
- 80+ lenders compared to find no-BAS options
Business Activity Statements are one way lenders verify income, but not the only way. If you do not have recent BAS statements, finance may still be possible through lenders whose policies accept other evidence.
Can you get finance without BAS?
Some lenders use BAS statements to assess trading activity, but others may consider eligible applicants without them, subject to lender criteria. This can suit businesses that are not GST registered or that have not yet lodged recent statements.
What can lenders accept instead of BAS?
In place of BAS, lenders may look at recent business bank statements, tax returns, or low-doc declarations, alongside your credit history and deposit. The right combination depends on the lender and your circumstances.
How do you confirm your records?
Whether you are required to lodge BAS depends on your GST and tax situation, which your accountant or registered tax adviser can confirm. Meanwhile, comparing lenders helps identify those comfortable proceeding without BAS.
Overdrive Business Vehicle Finance compares 80+ lenders to find options that may not require BAS. Request an indicative, obligation-free quote from Simon Kendrick to explore what suits your business.
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