One of the major barriers to beginning your journey as your own boss is a lack of start-up funds. A little bit of research will tell you that the easiest solution is to take a business loan from a mortgage provider. However, it can be difficult to find such a provider who is willing to lend to someone without a significant amount of current financial information. So what can you do?

Seek out ‘low documentation’ loans. These home loans allow you to borrow against your current residential property without an enormous amount of documentation. These are typically designed specifically for new business owners and self-employed people by mortgage brokers.

These less stringent loan requirements allow you open up capital for your business, invest in commercial real estate for a physical store or even just smooth out the usual cash flow fluctuations that every new business suffers from.

Low documentation loans let you develop the business the way you want, and isn’t that the whole point of self-employment?

We have solutions for:

  • Self-employed borrowers with incomplete financials
  • Short term self-employed
  • Those in need of a line of credit facility to assist with cash flow fluctuations
  • Applicants with outstanding tax arrears
  • Clients wanting to access their home equity for cash-out to be used towards business purposes

Speak to our BG Financial team today to learn more about Self Employed Loans, and let us help you achieve your financial goals.

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