Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
IRS records help organize the proof pack
IRS says a person is generally self-employed when operating a trade or business as a sole proprietor, independent contractor, partnership member or otherwise in business for themselves. IRS document guidance includes bank/payment-app statements, checks, business income records and forms such as 1099-NEC. These are evidence categories, not universal lender requirements. IRS_SELF IRS_DOCS
A production version should show the user’s actual deposits and a normalized figure after business expenses. Do not treat gross deposits as disposable income.
| Input | Use in Payday Hex | Do not infer |
|---|---|---|
| Bank/business deposits | Cash-flow history and seasonality | That every deposit is net income |
| Tax returns/Schedule C | Historical net business result | That last year equals current month |
| 1099 forms | Reported payer activity | That gross 1099 amount is disposable cash |
| Invoices/contracts | Pipeline/earned work | That payment will arrive by the loan due date |
| Business expenses | Needed to normalize income | That all expenses are optional |
Current competitor gap
Finder’s current self-employed loan page already compares providers and documentation. FINDER_SELF
Self-employed product path Import records → Separate business expenses → Normalize 3/6/12 months → Build proof pack → Compare offers → Stress-test payment → Check funding → Continue