How can a self-employed trader get a mortgage

[Jones75]

Hey,
I own a small trading company for automobile parts. I can't say that it is running on profit. I am looking for a loan to upgrade my company. I am not sure I will get a loan. I have seen from an article that http://www.albertamortgagecentre.com/documents-checklist-buying-a-home-when-self-employed/ that some documents are to be present in order to get the mortgage like income certificate. But my companies last 2 years financial state is low and my current bank balance is poor. What else to do to get a loan? But I can make a change to the economic situation with the help of a mortgage. How could I proceed to get a loan? Are there any alternative methods to get a loan without any income certificate?

Try something like "go fund me" or pitch your business on Shark Tank (Dragon's Den in Canada)
Good luck!

 

[wrbtrader]

Hey,
I own a small trading company for automobile parts. I can't say that it is running on profit. I am looking for a loan to upgrade my company. I am not sure I will get a loan. I have seen from an article that http://www.albertamortgagecentre.com/documents-checklist-buying-a-home-when-self-employed/ that some documents are to be present in order to get the mortgage like income certificate. But my companies last 2 years financial state is low and my current bank balance is poor. What else to do to get a loan? But I can make a change to the economic situation with the help of a mortgage. How could I proceed to get a loan? Are there any alternative methods to get a loan without any income certificate?

How are other automotive parts businesses in your area doing ?

If you don't know...you should know. You can easily go visit your competition to see (surface) what they're doing such as their location, advertisements and many other things to compare to what you're doing.

Do you have any employees ?

What's you bank (location of your business account) make any recommendations ?