Business Loan Documents Checklist

Tax returns 2019 and 2020 whichever filed last. Business Lease Include a copy of the business lease or note for a landlord giving terms of the proposed lease.

Use Our Handy Document Checklist To Collect The Documents You Will Need To Start Your Application Mortgage Process Checklist The Borrowers

This article is a checklist of what your lender will mostly likely ask for.

Business loan documents checklist. When opening a business account or applying for a business loan certain documentation and information is required. PAN Card For CompanyFirmIndividual. Background history of business operations including a description of the type of products sold or services sold.

Evidence of Equity Injection if the proposed financing is for a purchase of a business or real estate. Current listing of aged accounts receivable and accounts payable. Along with the documents required for your business ownership the following information will need to be provided.

Inevitable whether you obtain a traditional commercial loan or a very popular SBA loan the information requested will be similar. Schedule of all business debt loans leases. Either as part of the loan application or as a separate document you will probably be asked to provide some personal background information including previous addresses names used criminal record educational background etc.

Provide a history of the business and its challenges. A copy of any of the following documents as address proof. Include an explanation of why the SBA loan is needed and how it will help the business.

Drivers license for all business owners. A copy of any of the following documents as identity proof. Two forms of personal identification with one being a government issued photo ID.

Last 12 months statement of bank account from which loan EMI is paid. For each signer except signers for a publicly traded company or government entity. Make sure your documents and statements relevant to your current business and financials are up-to-date.

If the business is a franchise provide a copy of the franchise agreement. Document Checklist This checklist assists lenders in compiling a mortgage loan file that contains underwriting credit property legal project insurance and miscellaneous documentation to be submitted to Fannie Mae on request for a post-purchase. Annual Income Statements for past 3 years.

Monthly Balance Sheets for past 2 years. Driving License PAN Card Passport Voters ID Card Aadhaar Card. Loan statement loan track and list of property documents LOD in possession of existing lender.

Ration Card Telephone Bill Electricity Bill Passport Trade license Lease agreement Sales Tax. If the loan is to refinance existing debt a copy of the Promissory Notes for all debt that are to be paid-off with the proceeds of the loan. Once you complete the PPP loan application youll need to collect some documents for your loan officer.

Checklist of Documents Required for Business Loan Identity Proof. The following documents are required along with your Business Growth Loan application. All PPP loan applicants will need to provide.

Check your credit profile. Annual Balance Sheets for past 3 years. Additional Documents for Loan Takeover Transfer.

Know your business entity structure If you dont know your accountant lawyer andor business advisor should be able to help you with this.

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