Consider this...
Self-employed people have choice between standard (Full Doc) and LoDoc loans
Full Doc loans allow you to borrow higher percentage loans at the lower rates than LoDoc loans
Full Doc loans will require you to provide 2 or 3 years financial statements and tax returns for you and your companies.
The best tax position may be the worse borrowing position
Your application may be accessed based on income you earned 2 or 3 years ago.
For a growing company your historical financials may not reflect today’s position
LoDoc loans may allow you to borrow more because you are borrowing using against today’s position not that of 2 years ago.
With LoDocs you can self-certify your income
But all LoDoc loans are not the same.
Some LoDocs allow you to self-certify your income while others require BAS and bank statements.
Not all loans will lend to company and trusts
Starting business
The date of your ABN and GST registration is important
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Onyx helps you to...
Explore your options using our considerable business and finance experience
Understand the lending rules for self-employed people
Examine your financials to determine your FullDoc borrowing capacity
Find the LoDoc loan which is most favourable to your situation.
Arrange a loan application, approval and settlement.
Onyx will then...
Provide you with support after your loan settles
Regularly review your finance
Help you plan for the future
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