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Self Employed Loans
Fast. Free. No impact on credit score.This won’t affect your credit score
Self-employed loans are designed for people who run their own businesses. Whether you’re a sole trader, freelancer, or company director, these loans can help you access the funding you need. Lenders will typically look at your business credit history, trading length, and income when assessing your application.
Before taking out a self-employed loan, it’s important to weigh up the pros and cons. Borrowing can give you the capital to grow your business or manage personal finances, but you need to be confident you can keep up with repayments. Before taking out a self-employed loan, it’s important to weigh up the pros and cons. Borrowing can give you the capital to grow your business or manage personal finances, but you need to be confident you can keep up with repayments.
Self-employed loans are available as either secured or unsecured. Each option has its own features depending on how much you need to borrow and your circumstances.
A secured loan is guaranteed against an asset – usually your property. This means lenders can often offer higher amounts, lower rates, and longer terms. However, your home may be at risk if you don’t keep up with repayments.
An unsecured loan isn’t tied to any asset. The amount you can borrow depends on your credit score and financial history. Interest rates are typically higher, but there’s no risk to your property.
When you apply online for a self-employed loan with Norton Finance, we’ll be in touch to find out more about you and your situation. To help us process your application smoothly, we recommend having the following information to hand:
As the business leader, it’s up to you how you use the funds. Here are some common ways our customers use their self-employed loans:
Use a self-employed loan to launch your own business and invest in your venture.
Borrow to pay off your debts by consolidating them into one single monthly payment.
To ensure your business runs smoothly, a self-employed loan can be used to buy new office equipment, business machinery or update existing devices.
We strive to help everybody, whatever their background, employment status or financial circumstances. If you’re self-employed, we can help you find the right loan even if you have:
Lenders will typically assess your income, outgoings, credit history, and how long your business has been trading. If you’re applying for a secured loan, the equity in your property will also be taken into account.
Every lender has their own criteria, so having a broker like Norton Finance on your side means we can search across our panel to find the best match for your situation. For more details, visit our guide to loan eligibility.
Applying for a self-employed loan with Norton Finance is straightforward. Simply:
We’re a broker by trade, which means we compare hundreds of loan options across our trusted panel of lenders — not just one like a bank or building society.
You could borrow between £3,000 and £500,000, over 1 to 30 years, depending on what works best for you. Unsure of how much you can afford to borrow? Try our loan calculator.
You can get a decision in principle within 24 hours and if approved, the money is usually paid within 14 days.
Click apply for a loan to start your journey
Fill out our online form for your personalised rates
Get the loan that best suits your circumstances