Self-employed and post-proposal — funded a purchase two lenders had declined

This file carried two challenges at once: a recent consumer proposal, and self-employed income that didn't show cleanly on a T4 or line 15000. Two lenders declined — one on the proposal, one on the income documentation.

The client's business was genuinely healthy; the paperwork just didn't fit a bank's rigid, single-product view.

We matched the file to a B-lender that both accepts a recently-discharged proposal with re-established credit and underwrites self-employed income through business bank statements and financials rather than line 15000 alone.

We documented the business income properly, verified the proposal was paid and reporting correctly, confirmed the two seasoned trade lines, and structured the purchase at 20% down with a mapped exit to A-lender pricing as the file continues to season.

The same alternative lenders that work with a recent proposal also underwrite self-employed income — so what looked like a double penalty at a bank was a single, fundable file at the right B-lender, with a clear path back to prime.