What are self-employed loans?
Self-employed loans are designed to help people who run their own business. When applying for this type of loan, lenders will often ask for your business credit history and the length of time your business has been established.
Secured self-employed loans are often used for business purposes, whereas personal loans are usually available for personal use only. They are usually over longer periods and for larger amounts if the loan is secured to the business or a property.