Self-employed - Don Hannay

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don hannay
lifestyle & investment solutions in property
lifestyle & investment solutions in property
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don hannay
lifestyle & investment solutions in property
0411 222 505  |  mail@donhannay.com.au
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Self-employed

Finance solutions
There are solutions for self-employed people.
Find your finance solution here.
Small business owner
Self-employed?
Australia's small business sector generates over 50% of GDP and is the largest employer sector group. Yet self-employed people face considerable hurdles finding suitable finance for equipment, inventory and investment.
Applying for finance meant providing lenders with up-to-date trading figures, full financial statements, cashflow forecasts and anything else that lenders wanted to know about your business.  Most self-employed people don’t have the time to down tools and get the paperwork ready for their accountant. It is simply too difficult, costly and time consuming.
However, there are specialised lending solutions for the self-employed that make it a lot easier to get appropriate help. Complete the online enquiry tool below and see what you can achieve.
Prestige vehcile finance
Commercial vehicle finance
Business equipment finance
Industrial equipment finance
  • Self-employed people who do not have or do not wish to produce current financial records or tax statements.
  • Businesses with strong income or cash flow which is not reflected in personal income.
  • Businesses with less than 2 years trading.
  • Self-employed people who have irregular cashflows such as contractors and commission sales.
  • Business owners who have lost their personal assets through divorce and want to quickly re-establish themselves.
  • Small businesses that have paper losses but are trading profitably.
  • Stabilizing personal or business cash flow due to defaulting debtors, illness, or overuse of personal credit.
  • Self-employed borrowers wanting to increase an existing mortgage, current or previous credit problems including defaults, judgements and bankruptcies, recently arrived immigrants, irregular savings history and unusual deposit sources.
             
Build wealth with property
Equity Builder
A significant proportion of business owners do not own property either as owner-occupiers or investors. That's a problem because a business at it's core is a cashflow generator. Property offers three key benefits to the self-employed that may not be so obvious.
  1. Property as an asset class has a proven track record of improving in value over the longer term. This means as equity (the difference between what you owe on the property and what it is worth) increases over time it can be accessed for both personal, business or investment purposes.
  2. Property is an attractive asset class to lenders. Lenders are much more inclined to create credit facilities such as business or investment loans if you have property. Too often business people build a business and neglect to build an asset base. One of my key propositions to business owners is to build a property portfolio in either residential or commercial property and put a part of what you earn from your business cashflow into an external growth asset.
  3. Property is an asset that can generate a passive income stream independent of the ups and downs of economic cycles and provide attractive and legitimate tax benefits.
Too often business people build a business and neglect to build an asset base. If you are self-employed, take advantage of opportunities in the property market and start building on your business success so that a part of what you earn is invested in property. Equity Builder is a finance and property solution that accelerates your ability to build equity in property while enjoying the tax benefits that flow from a quality property portfolio. If you are self-employed and earning a strong income with little or no assets to show for your efforts then Equity Builder can help. Others have succeeded and so can you.
Equity Builder is suitable for -
  • Self-employed borrowers wanting to increase an existing mortgage.
  • Self-employed people who do not have or do not wish to produce current financial records or tax statements.
  • Businesses with strong income or cash flow which is not reflected in personal income.
  • Businesses with less than 2 years trading.
  • Self-employed people who have irregular cashflows such as contractors and commission sales.
  • Business owners who have lost their personal assets through divorce and want to quickly re-establish themselves.
  • Small businesses that have paper losses but are trading profitably.
  • Stabilizing personal or business cash flow due to defaulting or increasing debtor ledger, illness, or overuse of personal credit.
Last update: 08/07/2020
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