Self-Employed Loans Explained
It can be stressful and difficult to obtain finance when one is self-employed. The documentation required is often a nightmare as so much more is required when applying compared to someone who is employed on a full time basis.
Time is an extremely valuable commodity, so keeping up with the returns, getting the accounts up to date is often difficult.
The best approach is to use whatever help is available that saves time. Using a loan broker (like us) is often a good option that saves one valuable time. A good broker (like us) will be best experienced to balance the amount of paperwork needed, to time and most importantly the cost.
It is relatively simple and fast to obtain an unsecured business loan with only providing 6 months previous bank statements. The risk to the lender is obviously high, therefore these types of loans are expensive in terms of the interest rates and administration charges.