Self-Employed Finance

Being self-employed is incredibly rewarding, but securing finance can sometimes be more challenging. At EMC Finance, we have helped many self-employed individuals and business owners access the finance they need, regardless of their business structure—whether you’re operating as a sole trader, partnership, company, or trust.

We understand the unique challenges and opportunities that come with being self-employed. Our expertise lies in analysing your financials, understanding your business’s position, and leveraging our extensive knowledge of lender policies to find the perfect finance solution for you.

When assessing your borrowing capacity, lenders focus on many factors to determine your eligibility and risk profile. The key consideration are

1. Business Track Record:
   • ABN Registration: Typically, lenders seek a ABN that has been registered for at least 24 months.
   • GST Registration: GST registration for at least 24 months is often required for low-documentation (lo-doc) loans.
     These factors demonstrate business stability and consistent profitability.
2. Documentation Requirements:
   • Full-Doc Loans: Preferred by lenders, requiring the last two years of:
     • Business financials
     • Individual tax returns

Providing consistent profits over multiple year.

For businesses in transition or expansion, traditional documentation may not fully reflect their financial health. That’s where EMC Finance can assist. We work with lenders who take a practical, common-sense approach, considering both your current circumstances and future potential. We have many lenders who consider different verification of borrowing ability.

• 1 year isolation of profits
• Salaries paid from the business
• Less than 24 months ABN registered.
• Lo-Doc Loans: Suitable for businesses without up-to-date tax returns, particularly if recent growth has significantly improved profitability.
• Business Liabilities exclusion: As a director, lenders may view your business liabilities as personal responsibilities.

• Expert Guidance: We simplify the process, navigating lender policy to provide finance solutions.
• Tailored Solutions: We align you with lenders that cater specifically to self-employed individuals.
• Comprehensive Support: From full-doc to lo-doc loans, we ensure you get the right product for your needs.

If you’re self-employed and looking for the finance solutions, contact EMC Finance today. We’ll work with you to understand your business and secure a loan that aligns with your goals.