I'm in the position where i want to get hold of a loan (10k), but am self-emplyed (registered sole trader). In the past this has been a major problem regarding a bank loan. I would have been forced to take on protection, which was another few grand on top of a 5k loan at the time (seemed crazy, yet fair at the same time...). My dad ended up getting the loan, and i setup direct debit to pay him. I can afford repayments no prob, and will even be able to pay a good chunk of a loan reasonably soon.
what the heck do i need to do to go about this, and is it possible? I've only been self emplyed for a year or so, and have been too slack to keep documents etc. Would well kept books over the last year proving income be enough?
definate down side of working for yourself, no one wants to give you any money!!!!
edit: clearly people in my position get loans, how else can some start a business. but last time, when i said it was for a car, they were havin none of it!