Paraloan will consider applications for supplementary finance where it is satisfied that suitable finance at reasonable rates of interest is not available from any other source and that the self-employment is viable and within the physical capacity of the applicant.
As for car loans, Paraloan is basically the "lender of last resort" and all applicants, where eligible, will be expected to have made an application to other lending institutions (banks, etc.) and/or organisations who can help people into self-employment (e.g. Workbridge, see www.workbridge.co.nz).
Applications of this nature will normally need to be accompanied by a business plan and cash flow projections. In the case of purchasing an existing business, financial accounts covering the two previous years of operation must be supplied.