Loans for Self-Employed

Do you have trouble securing finance with little or no proof of income? Are your personal ambitions limited due to being refused credit?

If you are an individual who operates a business or profession as a sole proprietor, partner in a partnership, independent contractor, or consultant, you are considered to be self-employed.

The loan rate can hinge on whether you have certified accounts or no proof of income in the way that employed people have.
Another factor is whether you go for a secured or unsecured self-employed loan; whether you offer your house as security on the loan or not.

Fortunately with Advantage Loans, the loans we source are unsecured, which means that you don’t have your home secured against the loan.

There are many advantages to being self-employed...
... including setting your own hours, pricing structures, and the flexibility to turn down less attractive work. But one particularly difficult aspect of the job is obtaining funding, particularly for those who are relatively new to the self-employment workforce. Without a few years of proved income, it can be difficult to prove to a lender that you are not a liability.

The good news is that with Advantage Loans more self-employed workers in the UK are being approved for loans. In fact, self-employed people are now just as likely to be accepted for our service as those in "traditional" employment settings. Technology and the ability to quickly share consumer data between credit reference agencies and lenders have improved lending abilities for self-employed persons. This technology makes the entire process more efficient, and therefore faster.

One issue the self-employed businessperson will need to consider when usually conducting comparison-shopping is whether you are seeking a secured or unsecured loan. A secured loan is one in which collateral is used to guarantee the loan. This is often a home or automobile. Advantage Loans save you the hassle, and the risk of losing your assets, as not only are the loans we find unsecured, but we do all the shopping-around for you so that the loan options we present to you are the best in the UK for your circumstances and requirements. Unsecured loans may be the wiser choice, particularly if the loan is used to support the business.

You can use your self-employed loan for any reason such as:

• Business start-up
• Business expansion
• Debt Consolidation
• Job Loss
  

If you have an adverse credit history or bad credit rating, such as mortgage arrears, credit card problems or payment defaults, a self-employed loan is available for you with monthly repayments to suit your budget


Applying for the Advantage loans service is fast and simple!
Call 08700 620 135 or apply online!