You
may be one of the increasing number of people who have set up their
own businesses and work for themselves. Or you may be considering
setting up at the moment, actively encouraged by the government
who would like to see an increase in entrepreneurship in our economy.
However if you are self employed you will probably be aware that
most banks limit their loans to employed clients because of the
(mistaken) belief that an employed applicant represents a better
risk. Even those banks who offer loans to self employed applicants
quite often do not offer such good terms, or they demand that the
self employed applicant proves their income by providing a set of
accounts signed by a chartered accountant which the vast majority
of self employed business people do not have. Even then they will
use the profits of the last three years and make no allowance for
dips in profit that might have been caused by embarking on investment
for expansion.
At AAA Loans we are different. We love and understand self employed
clients, having started as a small business ourselves; and faced
similar problems raising finance. Our directors have first hand
experience of all the problems associated with dealing with banks
when you are self employed. We resolved that we would never treat
you in the same high handed manner. So you can apply to us in any
of the following circumstances:
No problem. All we ask is that you certify your current level of
pre tax income and prove to us that you are actively self employed.
For example you could send us your VAT certificate or a copy of
your latest tax assessment - even if the profits show a lower figure
than you are currently earning.
No problem. We understand that there is no legal requirement to
prepare accounts for the majority of small businesses although you
may retain an accountant to advise you on tax matters. Simply ask
your accountant to write to us to confirm your income in our prescribed
form and this will be perfectly acceptable to us.
For further details apply on-line straight away. |
