The Chasers Channel

TCC 7- How to Get Finance When You're Self-employed

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Obtaining finance can be more challenging for self-employed business owners compared to borrowers with a regular pay cheque.

However, there are ways to improve your chances of securing financing as a self-employed business owner.

This episode explores 5 key areas where a self-employed business owner can significantly improve their chances of securing finance.

What you’ll learn: 

  • (0:21) Introduction and General Advice Disclaimer
  • (1:41) Challenges and Solutions for Self-Employed Borrowers
  • (2:29) Importance of Detailed Financial Records
  • (2:48) Using Accounting Software for Financial Management
  • (3:25) The Significance of a Good Credit Score
  • (4:11) Demonstrating a Strong Track Record
  • (5:08) Considering Low Documentation (Low Dock) Loans
  • (6:08) Providing Security or a Personal Guarantee
  • (6:42) Summary of Key Steps for Securing Finance
  • (7:02) Role of a Mortgage Broker and Final Advice
  • Loads more…

Links and Resources:

#FinanceTips #BusinessAdvice #MortgageBroker #SelfEmployed #FinanceSolutions #LendingChallenges #FinancialRecords #BusinessFinance