More and more Australians are setting up their own businesses and becoming self employed. Despite the obvious benefits to this decision, one of the downsides is the ability to obtain finance.
With the first few years for any business being the toughest, it is often difficult to verify the true income derived from the business. Similarly, businesses over the first few years struggle to produce up to date tax returns as proof of income. One Financial has a range of solutions suitable for self employed individuals.
You may qualify for a Low Doc loan. On such a loan individuals simply declare their income via a self certification declaration. To qualify for such a product, the majority of lenders require individuals to be self employed for a period of greater than two years. In instances where individuals have not been self employed for two years or more, One Financial can assist with specialised Low Doc products catering for up to 1 day old ABNs.
To speak with one of our loan consultants about self employed loans call us on 1300 551 695. Alternatively if you would like us to call you, please complete the enquiry form.
Why so many Australians have already turned to One Financial
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