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I am self-employed
You may be one of the increasing number of people who have set up their own businesses and work for themselves, or are considering setting up, Smart Finance can help!
However as a self-employed person you will probably be aware that most banks limit their loans to employed people because of the (mistaken) belief that an employed applicant represents a smaller 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.
Sound familiar?
At Smart Finance we are different. We love and understand self employed people, 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 for a loan online with any of the following circumstances:
You cannot provide accounts
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.
You can only provide an accountant's letter
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.
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