Get £5,000.00 - £500,000.00 for your sole trader business. Apply in 60 seconds.
Sole trader finance designed for UK self-employed:
Sole trader & self-employed
All business types
Decisions within hours
No hidden fees
SimplyFunded offers sole trader loans and sole trader finance for self-employed business owners across the UK. Business funding designed for sole traders.
Apply in 60 SecondsA sole trader loan is a business loan designed for self-employed individuals who operate as sole traders. Unlike limited company loans, sole trader finance is provided to you as an individual trading under your business name. The application process is straightforward and focuses on your business revenue and trading history.
Many traditional lenders overlook sole traders in favour of limited companies, but at SimplyFunded we recognise that some of the UK's most successful businesses operate as sole traders. Whether you are a builder, a hairdresser, a consultant, or a freelance professional, you can access the funding you need.
For more information on our full product range, visit our business loans page.
Provide your business details and how much funding you need. The form takes less than 60 seconds and is designed for sole traders.
Securely link your business bank account using open banking. We review your revenue and income to assess affordability.
We review your application and provide a decision within hours. If approved, you receive a clear loan offer with transparent terms.
Accept the offer and funds are transferred to your business account, often on the same day. You can start using the money immediately.
Understanding the difference between sole trader and limited company finance is important when choosing the right funding option:
| Feature | Sole Trader Loan | Limited Company Loan |
|---|---|---|
| Borrower | Individual (self-employed) | Limited company |
| Liability | Personal liability | Company liability (usually) |
| Assessment focus | Personal and business income | Company revenue |
| Registration needed | Self Assessment with HMRC | Companies House |
If you operate as a limited company, visit our limited company loans page.
Sole traders in construction, landscaping, hairdressing, and other trades often need to invest in equipment and tools. A sole trader loan can fund these purchases while you spread the cost.
Self-employed income can be irregular. A sole trader business loan helps smooth out cash flow between projects or during seasonal slowdowns.
Many sole traders need a van, car, or specialist vehicle for their work. Business loans and asset finance can help you purchase or upgrade your vehicle.
Investing in marketing, website development, or professional training can help grow your sole trader business. A loan provides the capital to invest in your future.
To qualify for sole trader finance with SimplyFunded, your business must meet these criteria:
Yes. Sole traders can absolutely get business loans. SimplyFunded offers sole trader finance and loans specifically designed for self-employed business owners. We assess your application based on your business revenue and trading history rather than business structure.
Apply today and receive a decision within hours. Business finance designed for sole traders.
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