Self-employed borrowers
We can help you access lenders for whatever you need to finance
You can focus on work while we work to find you a loan product that meets your specific requirements.
Whether you want to purchase a home or investment property or invest in your business … whatever you need to finance, we can help you access lenders with products catering to the diverse needs of self-employed borrowers and individuals with irregular PAYG income.
We are experienced in securing loans for self-employed borrowers. We understand the specific lending requirements for the self-employed and can support small business owners, sole traders, and freelancers in finding loan solutions tailored to their needs.
We appreciate that self-employed borrowers are often unable to provide the standard documentation required for a loan. The same goes for new business owners who have fewer than two financial years’ records. Even if you’re unable to provide the routine paperwork, we can work with you to secure a loan with competitive rates.
Howard Ghedia and the What Loan team have access to flexible lenders offering products for self-employed borrowers, new business owners, and people with irregular PAYG incomes. Our experienced brokers will meet with you in person or virtually, and will take the time to analyse your financial situation – your circumstances, assets, and security – and your business goals. Then they will identify lenders that meet your lending requirements, leaving you free to focus on your ABN business.
We consider your current and predicted financial circumstances and present you with products to satisfy your loan requirements. The final choice is yours, but we provide recommendations and important information so you are in a position to make a well-informed decision.
We will be with you on your lending journey, researching, liaising with lenders, and sparing no effort in securing the ideal loan to meet your needs.
What documentation will I need?
Borrowers without the standard complete documentation can provide income verification by other means including:
- Business Activity Statements (BAS)
- Signed letter from your accountant
- Business and personal bank statements
- ABN and GST registration
- Tax returns
If you have strong historical cash flow or if you are a new business with a competent business plan and projection, you will have more borrowing options.
How much can I borrow?
To determine how much you can borrow, you need to know what potential lenders are willing to loan you against the value of the asset you want to purchase. This is expressed as a loan to value ratio (LVR). Some financial institutions will lend no more than 60% of the asset value, while others will let you borrow up to 80% of the asset value. However, generally the higher the LVR the higher the interest rate applied.
Contact Howard Ghedia and the What Loan team to discuss your situation with an experienced broker who can help you explore options to meet your requirements.
Why choose us?
Howard Ghedia is an experienced mortgage and finance broker with complementary knowledge and experience gained in over 25 years as an accountant, financial advisor, and tax specialist. With a wealth of experience and a strong professional network, Howard helps find the best financial products for his clients.
We understand self-employed business
We work to find loan products to suit small business owners, sole traders, and freelancers
We present you with flexible options to suit your situation
We are available to talk through your particular circumstances
We do the work and leave you to focus on your business
We are fast and responsive
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We’d love to help you secure the loan that’s right for you