Small Business Loan
If you are self employed with assets and a regular income and you are wishing to borrow money to: - Start up or invest in a new business
- Reduce borrowings
- Acquire equipment
- Employ additional staff
- Fund other expansion initiatives
- Working Capital
- Pay Tax Debts
But: - You haven’t been in business for at least 2 years or
- You have been in business for 2 years or more but are unable to provide financial statements or tax returns usually required for a loan application.
Then you may choose to apply for either a self-certification loan (Low Doc or Non-Conforming | Bad Credit Loan) or a fully verified loan (Non Conforming | Bad Credit Loan). Self Certification (Low Doc) Loans If you choose to self-certify by applying for a Low Document Loan, you need to provide: - A signed declaration that states your annual net income and confirms your ability to service the loan
- 6 months mortgage and rental statements.
If you choose a Non Conforming Loan you need to provide: - Between one month and 6 months personal and business bank statements (depending on your application)
- Your Australian Business Number (ABN) registration documentation.
Fully Verified Loans If you do have your financial records up to date, you also have the option to apply for a fully-verified loan in which you would need to provide tax returns. Please click on the loan links below for details of the loans on offer for self employed people: Low Doc Loan - Variable or Fixed Rate Non-Conforming | Bad Credit | Loan – Self Verified for Self employed more than 12 months/ Variable or Fixed Rate Non-Conforming | Bad Credit | Loan – Self Verified for Self employed less than 12 months/Variable or Fixed Rate Loan Non-Conforming | Bad Credit | Loan – Fully Verified/ Variable or Fixed Rate Bad-credit-loans.com.au, will put you in touch with a suitable lender who will look at your individual situation and provide clear advice, guidance and assistance to help you move forward and where possible obtain the funds you need to get your life back on track.
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