Self-employed Loans borrow up to £500,000

Repayments are a percentage of your monthly sales with no interest to pay, just a fixed fee.



  • Self-employed business loans help business owners receive the unsecured funding they need to help with their business ventures.
  • Eligibility criteria: Business owners must be over 18 years of age; the business must operate as a limited company; the business is based in the UK.
  • Borrow an unsecured business loan between £1,000 – £500,000 and repay it over a 1 – 24 month period.
  • It’s an online application and funding can be approved within 24 hours of submitting the application.

What is a self-employed loan?

A self-employed loan is an unsecured business loan designed to help people who run their own business, whether they’re the sole director or partner of a company. It provides an opportunity for them to borrow unsecured funding to help with their business goals.

How can I apply for a self-employed loan?

Business owners can apply for a loan by applying online at the For Kredit website. The application form is completely based online and doesn’t require any messy paperwork. The online form simply asks the applicant to provide some basic details about themselves and their business. Successful applicants can be approved for funding within 24 hours of submitting their application.

How much can I receive by applying for a self-employed loan?

Self-employed business owners can borrow an amount from £1,000 – £500,000 when they apply online with For Kredit.

Is my business eligible for a self-employed loan?

To be considered eligible for a self-employed business loan, the business must meet the following minimum criteria.

  • The owner of the business is over the age of 18 years old.
  • The business is a limited company.*
  • The limited company is based in the UK.

Although a business may pass the minimum criteria, it does not guarantee that it will be approved for funding. This is because there are other factors taken into account when assessing an application, such as the credit score of the business.

*Self-employed loans for sole traders currently unavailable at the moment.

What are the repayment terms of a self-employed loan?

Depending on how much time they need, a business owner can choose how long they would like to repay a self-employed loan as long as it’s between the borrowing period of 1 – 24 months.

Self-employed business loans are repaid in monthly payments and interest rates will also be included in the monthly payments (2% – 6%). 

There are no early repayment fees with this self-employed loan, therefore businesses can repay the loan at an earlier date if they would prefer.

Do I have to sign a personal guarantee when I apply for a self-employed loan?

Yes, the company director will be asked to sign a personal guarantee if they are approved for a self-employed loan. The business owner or director will be asked to sign the personal guarantee to legally ensure that they will be personally responsible for repaying the loan should the business stop operating. 

This means that if a business suddenly became insolvent unexpectedly but had not repaid the loan, the guarantor would have to use their personal assets to repay any outstanding debt. 

The personal guarantee helps to minimise the risk to the lender as it helps ensure that the lender does not lose money if the loan is not repaid.

If I have a bad credit rating, will this impact my application for a self-employed loan?

Having a bad credit score can impact an application but does not instantly mean that an applicant will be outright rejected.

Often having a poorer credit score will affect the terms of the loan that is offered by the lender. This could include the lender offering less money or charging higher interest rates – sometimes both. However, applicants that have a really bad credit history or score may not receive business financing.

The lender will always undertake a soft credit check when assessing an application for a self employed loan. The credit check aids the lender in getting a comprehensive understanding of the business to ensure that it meets responsible lending standards. 

The lender will also take a look at a business’ bank statements and VAT returns when assessing an application.

What other financing options are there for self-employed business owners?

There are many different products and services available in the business lending market. Sometimes, a business may have a specific need or is just interested in getting a better understanding of what is available. 

At For Kredit, we look to help businesses with a number of different unsecured loan products. Below are some areas that we can help with.


How much money can I borrow with a self-employed loan?

Self-employed people can apply for an unsecured business loan and borrow up to £500,000 when applying with For Kredit. Funding is currently unavailable for sole traders.

How can I apply for a self-employed loan?

To apply for a self-employed loan, business owners can complete the online application which can be found on the For Kredit website. The application is compatible with both mobile and desktop devices.

Applicants which are successful can be approved for funding within 24 hours of submitting the application. Unsecured funding is currently unavailable for sole traders with For Kredit.

How long do I have to repay a self-employed loan?

Businesses can choose to repay the loan within a timeframe of 1 – 24 months. The loan is repaid in monthly instalments including the interest rates charged on the loan.


Find the right loan for your business

  • Loans from £1k to £100k
  • No fixed repayments
  • No collateral needed