Australia is an exceptionally entrepreneurial country, with millions of business owners around the country. Over the coming years, the advent of new technologies will only increase these numbers as the population can work more remotely and access new clients that haven’t been accessible before.
Any owner will tell you whilst it can be incredibly lucrative to be in charge of your business, it does also present unique challenges.
Particularly when it comes to getting a loan.
Every lender spells out their ‘rules’ for lending in their credit policies, outlining the requirements that borrowers need to fulfill in order to receive money. For anyone working for a company and on a PAYG salary, the lender credit policies are relatively straightforward as it’s much easier to assess their income and whether that person is able to repay their loan or not. When you’re self-employed, it becomes a little more difficult to know the exact income for the present and future, meaning lender credit policies tend to be slightly more complicated for business owners.
This is where Living Wealth can help.
With access to over 40 lenders, we understand the different lender policies, and can help find you the right loan for your situation. We’ll take you through all the paperwork and help you collect the necessary information to get your ideal loan. Better yet, we’ll deal with the lenders on your behalf, saving you time and money, leaving you to focus on what’s important – your business.
For more information, get in touch with us today!