Docs refers to the financial documents, income tax returns, annual accounts etc which banks and lenders request as part of the business finance application process. Businesses that have very little or none of these docs can seek low doc and no doc finance. The minimal requirements are a current ABN, ID and good credit rating. Being registered for BAS is not essential but viewed on favourably by some lenders. The quantity of docs a business has determines if they seek low or no docs. The more the docs produced to support a finance application, typically, the more favourable the loan conditions. Businesses just starting up can apply for the category of finance. While some banks and lenders have a minimum requirement of 12-24 trading time as eligibility for finance, there are non-bank lenders that do not have this requirement.