Self-Employed Finance FAQ's
What sort of documentation do I need for a self-employed loan?
According to the Australian Bureau of statistics, 60% of small businesses fail within the first 3 years. While cashflow can be hard to come by at first, getting a loan when self-employed can be even harder. This means that when a business need cash to cover expenses and gather some momentum, there is often very little support from financial lenders. This is because traditional lenders require extensive documentation in order to prove that there is sufficient income coming in to make the self employed loan repayments. Some of the documentation that traditional lenders, such as banks require includes:
- 2 years of financial statements
- 2 years of company tax returns
- 2 years of tax office assessment notices
How Can Australian Lending Centre help with Self-Employed Finance?
Australian Lending Centre is here to support small businesses and provide them with the greatest chance of survival. We understand that being self-employed can make getting this documentation hard to come by, particularly if you have been formed for less than 2 years. For this reason, we provide flexible loans tailored to suit you. We want your business to succeed and for you to receive your funds quickly with ease and confidence.
Get in touch with Australian Lending Centre today for your low doc self-employed personal loan and set your business up for success.