The Cigno Business Solutions team often receives many types of questions regarding the availability of debt financing from our self-employed clients. An extremely common question we get from small (and fast-growing medium) business owners, contractors, and freelancers looking for a loan is, “is it hard to get a loan when you’re self-employed?” 

Is it hard to get a loan if you’re self-employed?

We support countless self-employed Australians to achieve their business goals by offering obligation-free, expert advice to help them find the best self-employed loans. The real answer, despite what many big banks may lead you to believe, is “No – it’s not hard at all” – but it isn’t always straightforward either. Through our many years in the finance, lending, and broking industry, we believe that the result can be attributed to poor financial advice received by the self-employed loan seeker. The real figures (as reported by the Sydney Morning Herald in 2019) outline that, “It found that more than a quarter (26 per cent) were turned down for a loan because they were either self-employed or worked part-time.” That means that close to 75% of those self-employed Australians were successfully approved for a loan. 

We take a holistic and pragmatic approach to review your financial circumstances to determine if our tailored financial solutions (such as “no credit check loans” or a “low doc personal loan”) is the best self-employed personal loan option for you. We provide expert funding advice to everyday self-employed Australians to help them find the best personal loans deals to suit their needs. Our friendly team is happy to answer any questions and help you take that first step, so speak with us today on (07) 5644 3500.

Finding the best Personal Loans for self-employed individuals in Australia

We are here to help you seek out the best financing deal and compare the best personal loan for self-employed in Australia. Even if you have a poor credit history or bad credit rating, we can help you find the best personal loan for self-employed Australians. If you have questions about our no credit check loans for self-employed individuals – connect with us on  (07) 5644 3500 or via our online enquiry form. 

Apply for a low doc personal loan for self-employed in Australia with Cigno Business Solutions – contact us today at (07) 5644 3500 or through our website to speak with our experts on personal loans for self-employed Australians.