{"id":35885,"date":"2023-08-22T11:26:32","date_gmt":"2023-08-22T11:26:32","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/uk\/sectors\/self-employed-loans-with-bad-credit\/"},"modified":"2024-12-18T18:53:19","modified_gmt":"2024-12-18T18:53:19","slug":"self-employed-loans-with-bad-credit","status":"publish","type":"sectors","link":"https:\/\/swoopfunding.com\/au\/sectors\/self-employed-loans-with-bad-credit\/","title":{"rendered":"Self-employed loans with bad credit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"35885\" class=\"elementor elementor-35885\" data-elementor-post-type=\"sectors\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1917af68 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"1917af68\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b7d81ec\" data-id=\"4b7d81ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14e48221 elementor-widget elementor-widget-heading\" data-id=\"14e48221\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Guide to self-employed loans with bad credit<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c6ce31e elementor-widget elementor-widget-text-editor\" data-id=\"7c6ce31e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There are more than two million<\/span><span style=\"font-weight: 400;\"> self-employed workers in Australia, and many of them will require extra funding to support their business at some point in time.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27d56921 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"27d56921\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/app.swoopfunding.com.au\/stage\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ed8246c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ed8246c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6dfa78d2\" data-id=\"6dfa78d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c675dfa elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"c675dfa\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"center\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea41e26 elementor-widget elementor-widget-ucaddon_aivoov_player\" data-id=\"ea41e26\" data-element_type=\"widget\" data-widget_type=\"ucaddon_aivoov_player.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"aivoov-player-block\">\n\t<div class=\"read_this\">Read this article to me<\/div>\n\t\t\t<style>\n\t\t\t.plyr__controls .plyr__controls__item:first-child{\n\t\t\t\tbackground:#2e9c8e !important;\n\t\t\t}\n\t\t\t:root{\n\t\t\t--plyr-color-main:#2e9c8e;\n\t\t\t--plyr-audio-controls-background:#f0f2f4;\n\t\t\t--plyr-audio-control-color:#546a7b;\n\t\t\t}\n\t\t\t[data-plyr=\"mute\"]{color:#2e9c8e !important}\n\t\t\t.aivoov-text-color{color:#546a7b}\n\t\t<\/style> \n\t\t<div class=\"audio_player\">\n\t\t<audio class=\"js-player\" controls=\"\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/af86db2a-c62f-4461-aa0a-0a21e767d403.mp3\" type=\"audio\/mp3\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/af86db2a-c62f-4461-aa0a-0a21e767d403.mp3\" type=\"audio\/ogg\" \/>\n\t\t<\/audio> \n\t\t\t\t <div class=\"powerd_by aivoov-text-color\"><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/aivoov.com\/?um_source=plugin_powered_by\" style=\"color: inherit;\">Powered by AiVOOV<\/a><\/p><\/div>\n\t\t \n\t\t<\/div>\n\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7728b2dd elementor-widget elementor-widget-text-editor\" data-id=\"7728b2dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Unfortunately, due to erratic income, the self-employed often have bad credit, which makes it more difficult for them to borrow. So what can these entrepreneurs do? Read on to discover everything you need to know about <\/span><a href=\"https:\/\/swoopfunding.com\/au\/sectors\/self-employed\/\"><span style=\"font-weight: 400;\">loans for self-employed<\/span><\/a><span style=\"font-weight: 400;\"> with bad credit, and how to secure the funds you need.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-19677199 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19677199\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e762d4c\" data-id=\"4e762d4c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52800274 elementor-widget elementor-widget-heading\" data-id=\"52800274\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is bad credit?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24f6bd5d elementor-widget elementor-widget-spacer\" data-id=\"24f6bd5d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3077b585 elementor-widget elementor-widget-text-editor\" data-id=\"3077b585\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The term \u2018bad credit\u2019 refers to a person&#8217;s history of not paying bills or loan repayments on time and the increased likelihood that they will fail to make timely payments in the future. In practice, <\/span><b>bad credit really means a poor credit score<\/b><span style=\"font-weight: 400;\"> \u2013 the calculation that lenders use to determine the default risk of any borrower. Most Australian self-employed workers are sole traders, freelancers, and gig workers. When they want to borrow money, lenders will typically check their <\/span><span style=\"font-weight: 400;\">personal credit score<\/span><span style=\"font-weight: 400;\">, (although some sole traders may also have a <\/span><span style=\"font-weight: 400;\">business credit score<\/span><span style=\"font-weight: 400;\"> which is different from a personal credit rating).\u00a0 <\/span><\/p><p><span style=\"font-weight: 400;\">If your score is too low \u2013 defined as having \u2018bad credit\u2019 \u2013 it can be more difficult to borrow money, especially at competitive interest rates.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-640fab6b elementor-widget elementor-widget-spacer\" data-id=\"640fab6b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56d0b6e4 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"56d0b6e4\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/app.swoopfunding.com.au\/stage\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-97dcd85 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"97dcd85\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57d02e1\" data-id=\"57d02e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c2bc5e elementor-widget elementor-widget-heading\" data-id=\"4c2bc5e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does bad credit work for the self-employed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-214e0dd elementor-widget elementor-widget-text-editor\" data-id=\"214e0dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In Australia, most credit scores are provided by big credit rating agencies<\/span><span style=\"font-weight: 400;\">.\u00a0They hold credit records on most of the adult population and whenever a self-employed worker applies for credit, the lender will usually ask for a report from one or more of these agencies. Your score will usually decide if you can borrow any money, as well as the interest rate and fees you\u2019ll pay, and, depending on the loan you are applying for \u2013 maybe you\u2019re buying or leasing a <\/span><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/asset-finance\/business-van-finance\/\"><span style=\"font-weight: 400;\">new van<\/span><\/a><span style=\"font-weight: 400;\"> for example \u2013 the size of the deposit you must provide.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">So how does bad credit work for the self-employed? Each credit agency has their own <\/span><span style=\"font-weight: 400;\">scoring system<\/span><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">A very poor credit score is generally between 0-560, and a poor credit rating is between 561-720.<\/span><\/p><p><span style=\"font-weight: 400;\">What does it mean if your score is in the poor or very poor category? It means securing a self-employed business loan will be more challenging, but it\u2019s not impossible. Specialist <\/span><span style=\"font-weight: 400;\">loans for self-employed with bad credit<\/span><span style=\"font-weight: 400;\"> are available \u2013 see below to find out more.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-537a10c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"537a10c1\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b82274d\" data-id=\"4b82274d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df6b81f elementor-widget elementor-widget-text-editor\" data-id=\"df6b81f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><b>Why is my personal credit score bad?<\/b><\/h3><p><span style=\"font-weight: 400;\">Many business and financial activities can affect your personal credit score. The most common reasons that the self-employed end up with a bad credit score are:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">History of missing loan and bill payments when they were due<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Too much debt already<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applying for too many loans in a short time period<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Little or no credit history<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Moving home frequently\u00a0<\/span><\/li><\/ul><h3><strong>How can I improve my personal credit score?<\/strong><\/h3><p><span style=\"font-weight: 400;\">Unfortunately, despite big promises from the many \u2018fast credit repair\u2019 businesses you may see online, there is no quick fix for a poor credit score. It takes time and good financial management to get a poor score back into the good category. Key actions to improve your credit score include:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay bills and loan repayments on time<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce your debt levels and only apply for credit when you need it<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start to build a credit history \u2013 taking out a <\/span><span style=\"font-weight: 400;\">business credit card<\/span><span style=\"font-weight: 400;\"> is a good place to begin<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep old credit accounts open, even if you rarely use them \u2013 it helps to grow credit history<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Move home less frequently \u2013 lenders like to see at least two years at your current address<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b1e372e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"5b1e372e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.com.au\/stage\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4386295 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4386295\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-81e22e1\" data-id=\"81e22e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0eb5935 elementor-widget elementor-widget-heading\" data-id=\"0eb5935\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Do I qualify for a self-employed loan?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41abfa3 elementor-widget elementor-widget-text-editor\" data-id=\"41abfa3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Qualifying for a self-employed loan depends on several key factors that lenders assess. One of the primary considerations is income stability, which you can demonstrate through detailed documentation such as tax returns, <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/blog\/how-to-download-a-bank-statement\/\">bank statements<\/a>, and financial records from the past few years. Lenders will look at these documents to understand your income patterns and make sure that you have a reliable source of <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/revenue\/\">revenue<\/a>.<\/p><p>Your credit score and credit history also play a role in the qualification process. Even if you are self-employed, a good credit score and a history of responsible credit use can improve your chances of securing a loan. Lenders look for evidence that you have managed debts well in the past and that you are likely to repay the loan on time.<\/p><p>Additionally, having a strong <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/business-plan\/\">business plan<\/a> can boost your application. This plan should outline your <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/business-model\/\">business model<\/a>, <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/marketing-strategy\/\">market strategy<\/a>, and financial goals, showing lenders that you have a clear path to maintaining and growing your income.<\/p><p>Consistency in revenue is another important factor. Demonstrating that your business generates steady income over time reassures lenders of your financial stability. Providing collateral or offering a larger down payment can further increase your eligibility by reducing the lender&#8217;s risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2af58d0 elementor-widget elementor-widget-heading\" data-id=\"2af58d0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get a business loan with bad credit as a sole trader?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e10445 elementor-widget elementor-widget-text-editor\" data-id=\"2e10445\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Probably. Even if you have bad credit, or if you\u2019ve been turned down elsewhere, it may still be possible to secure the funding you need.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Note that business loans for self-employed or <a href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/sole-trader\/\">sole traders<\/a> with bad credit will usually incur a higher interest rate, and the sum you can borrow may be smaller. You may also have to put down a larger deposit. Alternatively, you can boost your chances of securing finance at lower rate and with a higher loan amount by adding a <a href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/guarantor\/\">guarantor<\/a> to the transaction \u2013 this is a colleague, relative, or friend who has good credit and agrees to guarantee loan repayment in case you default. You can also provide security in the form of a lien against property you own outright or are currently buying, or you could consider taking out a new <\/span><a href=\"https:\/\/swoopfunding.com\/au\/commercial-mortgages\/\"><span style=\"font-weight: 400;\">commercial mortgage<\/span><\/a><span style=\"font-weight: 400;\"> on a business property you own.\u00a0<\/span><\/p><h3><b>What can I use my self-employed loan for?<\/b><\/h3><p><span style=\"font-weight: 400;\">You can use a self-employed loan for almost any business purpose: Buy inventory to expand your business. Purchase new <\/span><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/asset-finance\/equipment-leasing\/\"><span style=\"font-weight: 400;\">equipment<\/span><\/a><span style=\"font-weight: 400;\"> or vehicles<\/span><span style=\"font-weight: 400;\">. Use the loan as <\/span><a href=\"https:\/\/swoopfunding.com\/au\/business-loans\/working-capital-loans\/\"><span style=\"font-weight: 400;\">working capital<\/span><\/a><span style=\"font-weight: 400;\"> to pay regular bills, wages, and business rates. Or simply use the funds to pay off other more expensive loans and consolidate your business borrowing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d94fcf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d94fcf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99d94c0\" data-id=\"99d94c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c3a3b1 elementor-widget elementor-widget-heading\" data-id=\"9c3a3b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What evidence do I need for my self-employed loan?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b3cf11 elementor-widget elementor-widget-text-editor\" data-id=\"9b3cf11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Most self-employed loan providers will ask to see your past two or three years\u2019 trading accounts and tax returns, plus the last six months bank statements, a list of your major customers, and information on any existing loans or major outstanding debts.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-caa2320 elementor-widget elementor-widget-heading\" data-id=\"caa2320\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to apply for a self-employed loan with bad credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78524d0 elementor-widget elementor-widget-text-editor\" data-id=\"78524d0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Applying for a self-employed loan with bad credit involves several steps to improve your chances of approval:<\/p><ul><li><strong>Check your credit report<\/strong>: Get copies of your credit report from major credit bureaus to understand your credit standing and identify any potential errors.<\/li><li><strong>Gather financial documentation<\/strong>: Prepare detailed financial records, including tax returns, bank statements, and proof of income, to demonstrate your financial stability and ability to repay the loan.<\/li><li><strong>Create a strong business plan<\/strong>: Develop a comprehensive business plan outlining your business model, market strategy, and financial projections. This can help convince lenders of your business&#8217;s potential and your ability to generate consistent income.<\/li><li><strong>Provide collateral<\/strong>: Offering <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/asset\/\">assets<\/a> as <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/collateral\/\">collateral<\/a> can reduce the lender&#8217;s risk and improve your chances of approval. This can include property, equipment, or other valuable assets.<\/li><li><strong>Consider a co-signer<\/strong>: Having a co-signer with good credit can improve your loan application by providing additional assurance to the lender about repayment.<\/li><li><strong>Look for specialised lenders<\/strong>: Some lenders specialise in working with self-employed individuals and those with bad credit. Research and approach these lenders, as they may offer more flexible terms.<\/li><li><strong>Explore alternative financing options<\/strong>: Consider alternative financing options such as <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/peer-to-peer-lending\/\">peer-to-peer lending<\/a>, <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/knowledge-hub\/equity-crowdfunding\/\">crowdfunding<\/a>, or microloans, which may have more flexible credit requirements.<\/li><li><strong>Be prepared for higher interest rates<\/strong>: Understand that with bad credit, you may face higher <a class=\"waffle-rich-text-link\" href=\"https:\/\/swoopfunding.com\/au\/business-glossary\/interest-rate\/\">interest rates<\/a>. Compare offers from multiple lenders to find the best terms available.<\/li><\/ul><p>By following these steps, you can improve your application and increase your chances of securing a self-employed loan despite having bad credit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0ff4c75 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0ff4c75\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e71bf5\" data-id=\"9e71bf5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6e755c0 elementor-widget elementor-widget-heading\" data-id=\"6e755c0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Compare your options with Swoop<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b1c412 elementor-widget elementor-widget-text-editor\" data-id=\"0b1c412\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Loans for self-employed with bad credit are a specialist financial area, with every lender having their own criteria and differing rules of application. Self-employed and sole traders seeking this type of funding may find themselves forever searching and making applications to lender after lender. The delays this can create could cause you to lose revenues or leave your business vulnerable to a damaging cashflow crunch. Instead, working with a broker, who can access self-employed loans from a wide range of lenders is a better way to go. No more cold calls and endless demands for information, simply tell us what you need and leave the rest to us.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/app.swoopfunding.com.au\/stage\">Register with Swoop<\/a> to find the best rates, the best terms and the best loans for the self-employed. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79b4aa8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79b4aa8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b711dd4\" data-id=\"4b711dd4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c804c2 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"0c804c2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.com.au\/stage\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93bf53e elementor-widget elementor-widget-spacer\" data-id=\"93bf53e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-374b05c5 elementor-widget elementor-widget-heading\" data-id=\"374b05c5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Testimonials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-235f23e3 elementor-widget elementor-widget-ucaddon_testimonials\" data-id=\"235f23e3\" data-element_type=\"widget\" data-widget_type=\"ucaddon_testimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Testimonials *\/\n\n.testimony{\n margin:0;\n}\n.testimony .owl-theme .owl-dots .owl-dot.active span{\n background:#2E9C8E;\n}\n\n.testimony .owl-theme .owl-dots .owl-dot:hover span{\n background:#2E9C8E;\n}\n\n.testimony{\n\t content-visibility:auto;\n\t contain-intrinsic-size:445px;\n}\n .testimony .inner-testimony .read-mores{\n\t margin-left:15px;\n}\n .testimony .inner-testimony .icon{\n\t color:#eee;\n}\n .testimony .inner-testimony .icon-quotation-left{\n\t position:relative;\n\t top:-28px;\n\t left:0;\n}\n .testimony .inner-testimony .icon-quotation-right{\n\t position:relative;\n\t bottom:-28px;\n\t right:-8px;\n}\n .testimony .inner-testimony p{\n\t margin:0;\n\t color:#003e52;\n}\n .testimony .inner-testimony .testimony_description{\n\t padding:40px 0;\n}\n .testimony .inner-testimony .desc_testimony{\n\t font-size:24px;\n}\n .testimony .inner-testimony .author_testimony{\n\t font-size:18px;\n\t margin-top:20px;\n}\n .testimony .inner-testimony .role_testimony{\n\t font-size:18px;\n}\n .testimony .owl-theme .owl-nav .owl-prev{\n\t position:absolute;\n\t left:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n .testimony .owl-theme .owl-nav .owl-next{\n\t position:absolute;\n\t right:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n @media (max-width:992px){\n\t .testimony .inner-testimony{\n\t\t padding:40px 40px;\n\t}\n\t .testimony .inner-testimony .testimony_description{\n\t\t padding:0;\n\t}\n}\n @media (max-width:768px){\n\t .testimony{\n\t\t margin:50px 0 40px 0;\n\t}\n\t .testimony .inner-testimony .desc_testimony{\n\t\t font-size:19px;\n\t}\n\t .testimony .owl-dots{\n\t\t margin-top:30px !important;\n\t}\n\t .testimony .inner-testimony{\n\t\t padding:40px 0;\n\t}\n}\n\n<\/style>\n\n\t\t\t<div class=\"container\">\n <div class=\"testimony\">\n <div class=\"row justify-content-center\">\n <div class=\"col-xl-8 col-lg-10\">\n <div class=\"inner-testimony text-center\">\n <div id=\"owl-testimony\" class=\"owl-carousel owl-theme\">\n <div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Swoop was amazing! I was looking for refinancing and they were straight onto finding me the best possible option. I would highly recommend them.<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Laree Smith<\/p>\n <p class=\"role_testimony\">Owner, F45 Cambridge<\/p>\n <\/div>\n<\/div>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-48e2ce7 e-flex e-con-boxed e-con e-parent\" data-id=\"48e2ce7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-52d0689 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"52d0689\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\" aria-label=\"Chris Godfrey\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/chris-godfrey-author.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/chris-godfrey-author.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/\">Chris Godfrey<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/christopher-godfrey-332198139\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n \n <li><a href=\"https:\/\/www.freelancewords.co.uk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Website\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/au\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-site-min.svg\" width=\"30\" height=\"30\" alt=\"Website\">\n <\/a><\/li>\n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/au\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n \n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aca6abf e-con-full cta-mobile-fixed elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"aca6abf\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff6fe50 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"ff6fe50\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.com.au\/stage\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET A QUOTE<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c722276 e-flex e-con-boxed e-con e-parent\" data-id=\"c722276\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a5e67c7 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"a5e67c7\" data-element_type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">We have a wide range of<\/br>loan options<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/agricultural-loans\/\">Agricultural loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/agricultural-mortgage\/\">Agricultural mortgage <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/auction-finance\/\">Auction finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/brewery-finance\/\">Brewery finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/bus-and-coach-finance\/\">Bus and coach finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/business-loans-for-bed-and-breakfasts\/\">Business loans for bed and breakfasts <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/buy-a-care-home\/\">Buy a care home <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/car-garage\/\">Car garage <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/care-home-finance\/\">Care home finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/construction-loans-and-finance\/\">Construction loans and finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/convenience-stores\/\">Convenience stores <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/cow-livestock-finance\/\">Cow &#038; livestock finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/crop-finance\/\">Crop finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/dental-practice-loans\/\">Dental practice loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/farm-equipment-financing\/\">Farm equipment financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/food-trucks\/\">Food trucks <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/funding-opportunities-for-recruitment-businesses\/\">Funding opportunities for recruitment businesses <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/funding-opportunities-for-retail-businesses\/\">Funding opportunities for retail businesses <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/guest-house-finance\/\">Guest house finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/haulage-finance-and-hgv-loans\/\">Haulage finance and HGV loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/hotel-funding\/\">Hotel funding <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/inventory-financing\/\">Inventory financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/mining-finance\/\">Mining finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/nursery-funding\/\">Nursery funding <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/petrol-station-finance\/\">Petrol station finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/pub-finance\/\">Pub finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/restaurant-loans\/\">Restaurant loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/\">Sectors <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/self-employed\/\">Self-employed <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/self-employed-loans-with-bad-credit\/\">Self-employed loans with bad credit <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/self-employed-loans-with-no-proof-of-income\/\">Self-employed loans with no proof of income <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/shopify-loans\/\">Shopify loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/au\/sectors\/vineyard-finance\/\">Vineyard finance <\/a>\n <\/li>\n <\/ul>\n <div class=\"container_bt\">\n <button class=\"bt_see_more\" href=\"javascript:void(0);\" aria-label=\"See more\">See more<\/button>\n <\/div>\n <div id=\"grey-out\"><\/div>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":26,"featured_media":26309,"parent":0,"template":"","business-sectors":[1678],"class_list":["post-35885","sectors","type-sectors","status-publish","has-post-thumbnail","hentry","business-sectors-sector-guides"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled.jpg",2560,1709,false],"thumbnail":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-150x150.jpg",150,150,true],"medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-300x200.jpg",300,200,true],"medium_large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-768x513.jpg",768,513,true],"large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-1024x684.jpg",1024,684,true],"1536x1536":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-1536x1025.jpg",1536,1025,true],"2048x2048":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-2048x1367.jpg",2048,1367,true],"image_blog":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-408x252.jpg",408,252,true],"image_podcast":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-397x298.jpg",397,298,true],"image_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-30x20.jpg",30,20,true],"image_blog_internal":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-840x480.jpg",840,480,true],"image_blog_medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-1024x500.jpg",1024,500,true],"image_single_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2023\/02\/brewery-finance-featured-scaled-80x53.jpg",80,53,true]},"post_excerpt_stackable_v2":"<p>Guide to self-employed loans with bad credit There are more than two million self-employed workers in Australia, and many of them will require extra funding to support their business at some point in time. Get a quote Unfortunately, due to erratic income, the self-employed often have bad credit, which makes it more difficult for them to borrow. So what can these entrepreneurs do? Read on to discover everything you need to know about loans for self-employed with bad credit, and how to secure the funds you need. What is bad credit? The term \u2018bad credit\u2019 refers to a person&#8217;s history&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Chris Godfrey","url":"https:\/\/swoopfunding.com\/au\/author\/chris-godfrey\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/sectors\/35885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/sectors"}],"about":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/types\/sectors"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/users\/26"}],"version-history":[{"count":10,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/sectors\/35885\/revisions"}],"predecessor-version":[{"id":39297,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/sectors\/35885\/revisions\/39297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media\/26309"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media?parent=35885"}],"wp:term":[{"taxonomy":"business-sectors","embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/business-sectors?post=35885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}