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