Sole trader financing

Business overdrafts can be a great solution for sole traders, especially those who have just started their business. This type of financing lets you withdraw funds even after your account balance has reached zero.

Technically you can, but chances are that a personal loan isn’t the most suitable option for your business goals. With tailored business financing, you can obtain funds designed for your company’s needs, while keeping your personal and business finances separate.

If you're considering a small business loan, we can help. Fill out our quick form, and our lending experts will then get in contact to confirm your details and find the right funding solution for your needs.

Different lenders require different documentation, but at the very least, you can expect to provide business registration details, financial, tax and cash flow statements, and balance sheets.

With Valiant, you can get a sole trader business loan in as little as 24 hours.

It’s not impossible, but lenders do prefer borrowers with a history of successfully repaid loans, so it’s important that you pay debts on time and manage your credit usage. If you have a poor credit score, check if any information on your record needs correcting or could be fixed. If you have current debts, try to drive those down before you apply for a sole trader loan.