We each have our own dreams growing up. Some have dreams of becoming the next CEO of a multinational company, others want to be the next big movie star, some want to be a chef at a 5-star restaurant, or simply own a 5-star restaurant. No matter what dream we may have when we were kids, one way or another, there is a point in our lives when we will have opportunities to reach those. Fast-forward to the future, a number of people are actually self-employed – some have their own businesses, some work as freelancers, while some few lucky ones who were able to incorporate their passion while making a living.
Those who are employed with companies may think that self-employed people are lucky – they have their own time, they are their own boss, they do things their own, and they have endless opportunities. But that is actually not always the case. Self-employed people may have harder chances of getting approved for loans and other financing aids, because most of the time, they don’t have enough of a good credit score to support, but that is not the case anymore! Thanks to self-employed loans, securing loans for business start-ups or re-investments can be a pretty task to accomplish.
Expand Your Business by Getting a Loan
Expanding your business has never been easier because now, you have the opportunity to have the money to do it. It doesn’t matter if you have no or bad credit score, because you could already apply for a loan by just having a guarantor. In this way, you would not only be able to invest the money into making your business bigger, but you would also be able to gradually improve your credit score just by paying your loan repayments on time and in the full amount each month. This is also actually perfect for those who have just recently seen unemployment and venture into a business of their own. What a way to start your business by having enough capital to start it in the best way you can?
Hassle-Free Loan Process
By having a guarantor, the hassle of going through retrieving different kinds of documents just to prove your financial capabilities and capacities would be gone. Some businesses get rejected for a loan simply because they don’t have established businesses yet of around 3-5 years. Self-employed loans with guarantors take away this process, so new business owners could actually be able to apply for a loan without the proof of having the business in a good financial standing. When you apply for a loan and get accepted, you don’t even need to invest it directly to your business – it may just simply be a personal loan that could help you in your day-to-day.
Trusted Guarantor
The guarantor that you would choose to
Another great thing about having a trusted guarantor is that you would be able to screen his or her credit score. As with any financing institution, a good credit rating would naturally incur lower interest rates and even have even more flexible payment schemes because that person is trusted to pay his or her dues in time and in the full amount. This would also help you to get the best deal that wouldn’t cost you too much on interest rates.
Easy Payment Terms
If you are just seeking to build a new