Unsecured loan for self employed?

[dazers]

Does anyone know where I can get a decent loan, unsecured, even though I've been self employed for less than two years?

 

[tech/a]

Re: unsecured loan for self employed

What do you call decient and whats it for and how long?

Thats what will be asked.

 

[GumbyLearner]

Re: unsecured loan for self employed

Does anyone know where I can get a decent loan, unsecured, even though I've been self employed for less than two years?

Do you keep your BAS statements?

 

[dazers]

Re: unsecured loan for self employed

Double what I make in a year, for business, for shortest time ie pay back the most I could afford

 

[dazers]

Re: unsecured loan for self employed

No BAS

 

[GumbyLearner]

Re: unsecured loan for self employed

BAS would help

Proof of income is going to be a big issue with any lender.

 

[dazers]

Re: unsecured loan for self employed

Statements of my bank account for months showing regular deposits may be proof enough. Suggestions for lenders in aust., not loan sharks, who might lend to me?

 

[GumbyLearner]

Re: unsecured loan for self employed

Statements of my bank account for months showing regular deposits may be proof enough. Suggestions for lenders in aust., not loan sharks, who might lend to me?

Being self-employed is tough business as Im sure you know dazers.

With no assets, collateral or official proof of income it will be tough. IMO!

 

[nunthewiser]

Re: unsecured loan for self employed

Does anyone know where I can get a decent loan, unsecured, even though I've been self employed for less than two years?

40%/annum compounded .....happy to help

how much ya need darl ?

 

[awg]

Re: unsecured loan for self employed

No BAS

What sort of business is there that doesnt have to lodge BAS?

 

[tech/a]

Re: unsecured loan for self employed

What sort of business is there that doesnt have to lodge BAS?

ALL Businesses.

Think your snaffelled.

 

[nuking]

Re: unsecured loan for self employed

If you have assets and borrow less than 60% , you wont have a problem.
Most lenders will still give you a good deal ( up to 0.8% of variable rate).

 

[kam75]

Good luck. Let me know if you find one.

 

[ColB]

What sort of business is there that doesnt have to lodge BAS?

For 'Dazers':

If your annual gross income is under $75k you don't have to be registered for BAS. You do need an ABN though.

 

[tech/a]

For 'Dazers':

If your annual gross income is under $75k you don't have to be registered for BAS. You do need an ABN though.

This is true.

With a gross income less than $75k his Nett isn't going to be a great deal.
My impression is that his business grosses more tan $75k if it doesn't he needs to do something about his business!