With so many sole trader loans available, it may seem difficult to find the ideal option for your business. Our finance finder is designed to get to know your business and its loan requirements, so that we can quickly help you access the finance you need.
The tool will ask you questions such as how much you need to borrow and how long for. This information will then be quickly analysed to provide you with a list of potential lenders and their available sole trader loans.
The sole trader loans in the list will be ordered based on how well they match your requirements, the cost of the loan and its repayment terms. Once you have compared the available list, the application process is simple, and you could have the funds released within 24 hours.
As part of the application you will need to provide additional documents, which enable the lender to analyse details such as your annual turnover and credit rating.
If you are approved for a loan the charges and terms will be based on these financial details and your credit rating. If you represent a low risk, you will benefit from low-interest rates and longer repayment terms. However, if your business or personal credit rating is low, the lender is likely to offer sole trader loans with a higher rate of interest and a short repayment period.
By working with a range of lenders we can provide access to business loans for sole traders with bad credit.
To find out more about funding for sole traders and the benefits our lenders could provide your business, please contact our team today. We will be able to guide you through the range of options, so that you can access the most competitive and flexible sole trader loans.