Self-Employed Loans

But, no matter your business type, you are well qualified to get self-employed loans.

What are Loans for Self Employed For?

Actually, these loans for self-employed are just online short-term loans that one gets to meet a financial need and gets to repay back when he receives his next month‘s earnings usually after 30 days from the day that which the loan was obtained.

Self-employed loans can also be reckoned to as emergency loans….

This is because there are funding options available to small business owners and startups, 24 hours daily, to help in dealing with some unpredicted circumstances that they might encounter as they carry on their daily business activities.

Why is InstantPaydayLA Interested in the Self-Employed?

One of the missions at InstantPaydayLA  to give consumers the best kind of funding that would suit everyday needs, and self-employed small business owners are not left out here either.

Our aim is to help support the self-employed people around us and give them a good footing on their daily operations, but it does not matter what this might cost.

Also, your mindset as a small business owner expands when you have cash-in-hand to expand on your operations, thus leaving room for more to engage and be a part of your community.

Here’s what we want to achieve here at InstantPaydayLA with our self-employed loans to give you that awareness that somebody cares!

Hold on, there‘s more…

As with any new small business owner, you‘re going to experience a lot of debt down the line that will subsequently limit your small business cash flow. Most of these end up hurting your credit score, so it may not help if you need funds from other traditional financing sources.

But here at InstantPayLA, we took it into ourselves to propose funding solutions to self-employed clients, even those with really poor credit scores.

Actually, an applicant’s credit rating has nothing to do with the approval of his funding request.

How Does InstantPaydayLA Financing Work for the Loans for Self Employed?

The short-term loan from InstantPaydayLA gives the opportunity access to the working capital based on selling a percentage of the future sales. There’s no need to sell stocks here. The idea is pretty simple!

You‘d get the cash advance you‘d need within a day of applying and would repay the cash advance through automated debits, plus additional service fees on your next paycheck or earning period, usually for a 30 days‘ time frame.

Our major concern here is that a self-employed professional can show consistency and stable income. Thus, there are no minimum credit requirements when applying for short-term loans with us, rather, we consider your bank statements and other financial documents in determining how much financing you can afford to take and actually pay back.

Some other ways to show proof of income include:

• Tax statements
• Business ledgers
• Bank statements
• Social security or other governmental benefits
• Court-ordered agreements

Yes!

A court-ordered alimony or child support can serve as proof of income too when applying for a self-employed loan. This should be shared alongside your proof of receipt for the past 3 months’ worth of benefits.

The basic requirements to get a self-employed loan with us are pretty simple as you can see, some of which include:

• Applicant must be above 18 years and above to qualify for a self-employed loan
• Applicant must be a citizen and currently be residing in the United States
• Applicant must provide a valid bank account where the funds will be credited to
• Applicant must provide their valid and most recent contact details
• Applicant must be currently employed and show proof of income

How Long Does it Take to Get Self Employed Loans?

You now don‘t need to go out stressed and stand for hours in the queue just trying to make an application for single funding.

Our self-employed loans are online short–term loans, meaning their applications can be done quickly and in a hassle-free manner via the Internet.

An application does not take more than 5 minutes to complete, and on approval of your loan, you‘ll receive your funding immediately. All this process takes just a day to complete.

As I said earlier, we understand that consistent cash flow is something a small business self-employed entrepreneur would need and not do anything to jeopardize that.

Therefore, our loans to the self-employed are very fast, easy, and simple to acquire!

How to Utilize Self-Employed Loans even Better?

Self-employed loans can be further utilized for:

1. Business marketing and advertisement
2. Investing more in employees
3. Replenishing inventory
4. Get additional working capital
5. Expand your line of products and services
6. Refinance another loan

#1: Business Marketing & Advertisement

Business marketing & advertisement is necessary for the small business self-employed professional to grow and expand his operations.

Effective marketing helps bring you new customers for your business, makes your brand noticeable to people, and increases your income for your business; and with InstantPaydayLA you can make all that possible for your business.

#2 Investing More in Employees

Employees are a major factor for business growth – they are your most valued assets.

As a self-employed individual, definitely, you will grow to a point where you’ll need to employ other people to assist in your business daily operation.

Investing in your employees goes way beyond getting new employees for your business, you can also invest in their personal and professional development.

#3: Replenishing Inventory

You can get cash advances to replenish your business inventory that’s currently running low.

An updated inventory goes a long way in opening your business to new markets and attracts new prospects.

#4: Get Additional Working Capital

As discussed earlier, self-employed loans will help you get the necessary capital needed to fund your business. But note, it’s important not to take up as much capital that your business actually needs.

When your business has an excess in business working capital, it could pass out a wrong message to potential prospects that the business is not managing its assets effectively.

#5: Expand Your Lines of Products & Services

Self-employed loans will help you broaden your business niche and get new products and employ new types of services.

#6: Refinance another Loan

Our self-employed loans can also be useful in paying back old debts, thus giving you a better general credit rating.

 

We provide our services in the following areas: Baton Rouge, New Orleans, Monroe, Lake Charles, Lafayette, Houma, Hammond, Bossier City, and any other location in Louisiana.