Identify whether the applicant is an individual or a company
Self-employed professionals need to distinguish personal expenses from the capital required for their practice. Licensing, equipment, premises and working capital can involve different funding structures. The legal applicant matters: some platforms accept sole proprietors, while others restrict applications to incorporated businesses. Prepare evidence of recurring clients, professional permissions and taxable or management income, with a clear explanation of how business receipts translate into money available for payments.
Allow for the professional’s capacity to deliver the work
A practice dependent on one person can lose income during illness, leave or a lengthy project delay. Test affordability against those interruptions and disclose concentration in a small number of clients. Where equipment is being financed, establish ownership and any security already granted over it. Sharing business equity may be constrained by professional rules, so check those restrictions before inviting outside investors into a regulated practice.