Self employed loans

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Self employed loans

Postby brownr72 » Wed Jun 30, 2010 9:23 am

Hi
I've been self employed for 1 year and before this I was a student for 6 years. I work in a group business so someone else pays the bills, mortgage etc and I take a percentage of what I earn.
so, I have found a premises and we've said yes to the contract etc. I have some money from family but ideally want my own money from a bank. Does anyone know anywhere that would even entertain a self-employed person with only one yr books? I have a business plan etc all ready but so far, no-one will even entertain the idea.
Thanks
brownr72
 
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Re: Self employed loans

Postby Alex Chris » Fri Sep 03, 2010 11:51 am

brownr72 wrote:Hi
I've been self employed for 1 year and before this I was a student for 6 years. I work in a group business so someone else pays the bills, mortgage etc and I take a percentage of what I earn.
so, I have found a premises and we've said yes to the contract etc. I have some money from family but ideally want my own money from a bank. Does anyone know anywhere that would even entertain a self-employed person with only one yr books? I have a business plan etc all ready but so far, no-one will even entertain the idea.
Thanks

yes there are lenders that will do this type of loan still. the guidelies have tightened but they are possible if you have a good strong income! and can show it even if you dont pay yourself a check!

As far as the loans over 400k yes they are ealsily done! there are few places to go with loans over 400k but a few lenders are still doing them.
Alex Chris
 
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