Personal loan for self employed paying dividends

danno21

Hi

Is there anywhere that will provide a loan for self employed people that pay themselves dividends. Most lenders wont lend.

Grumpy_chap

Do you have at least two years accounts?

danno21

Thanks. Yes i do

Grumpy_chap

A Broker should be able to obtain finance.

What is the finance required for?  
If the finance is linked to something will affect the options.

danno21

Grumpy_chap said:

A Broker should be able to obtain finance.

What is the finance required for?  
If the finance is linked to something will affect the options.

Its to purchase a car 

Grumpy_chap

The first thing will be to understand whether you have a good credit history and affordability for the car.

You need to decide whether the car will be personal vehicle or company vehicle.  That is more of a tax question and won't make much difference to securing finance as any lender will require a personal guarantee if you opt for the car as a company vehicle.  I'd expect you are only likely to do that if you select an EV.

If you do have a good credit history and affordability, then Dealer finance (PCP / HP) is likely to be available.  Have you investigated this option?