Small Business Loan

Small business loans are available for those who are self-employed or run a small business, have assets and regular income, and are looking to secure funds for a number of reasons. These reasons may include, to start up or invest in a new business or fund other expansions, to employ more staff, acquire equipment, reduce borrowings, to use as working capital, or to pay off tax debt.

However, you may not be able to apply for a loan through traditional lenders because you have been in business for less than two years, or you have been in business for more than two years but are unable to provide financials or tax returns for your business.

There are two options available to business owners in the above situation – self-certified and fully verified loans.

Self Certification (low doc) loans:
A self certified loan requires applicants to provide a signed declaration proving your annual income and your ability to service the loan you are applying for, and at least six month’s mortgage or rental statements.

Additionally, if you are applying for a non-conforming loan, you will need to provide your Australian Business Number (ABN), and between one and six months worth of personal and business bank statements.

Fully Verified loans:
There are a number of fully verified loans available for people who are self-employed. These loans require you to provide tax return statements upon application and are for people who may not be as up-to-date with their financials. Fully verified loans available are:

Low Doc Loan – Variable or Fixed Rate

Non-Conforming | Good and Bad Credit | Loan – Self Verified for Self employed more than 12 months/ Variable or Fixed Rate

Non-Conforming | Good and Bad Credit | Loan – Self Verified for Self employed less than 12 months/Variable or Fixed Rate Loan

Non-Conforming Loan | Good and Bad Credit | Loan– Fully Verified/ Variable or Fixed Rate

Bad Credit Loans are able to put their clients with the right lenders, lenders who can provide useful advice and financial aid where possible, helping people get their finances back on track. A bad credit history should not stop you from considering investing in your future.

Contact us for more information or simply apply for a loan through Bad Credit Loans.