Self employment is exciting because you are your own boss, freedom from 9-5 job, no more dealing with irritating bosses etc. But on the other hand it has many other challenges the major one being the irregular income depending on the type of business such as no employment security, increased expenses such as managing day to day office expenses, employee and their salaries, infrastructure etc.
However financial emergency can hit anyone at anytime and in such situations self employed have to manage everything on their own in addition to the above mentioned expenses (assuming they do not have any other income source). So during such time, personal loan can come as a big rescuer for the self employed. However credit lenders have different rules and regulations for them because unlike salaried individuals they do not have regular income and yet they have higher expenses.