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Business loan checklist
Prepare a Clear Business Finance File.
Good documentation helps lenders understand the entity, cash flow, compliance and borrowing purpose without unnecessary back-and-forth.
01
Entity and promoter KYC
02
Financial and tax records
03
Banking and borrowing details
What to know
A clearer way to evaluate business loan documents.
Entity documents
Registration, partnership deed, LLP agreement, incorporation documents and ownership information as applicable.
KYC
PAN, identity and address proofs for the entity, promoters, partners, directors and guarantors where required.
Financial statements
Audited or certified profit and loss, balance sheet and schedules for the required periods.
Tax records
ITRs, computation, GST returns and other filings help reconcile reported business activity.
Bank statements
Operating accounts, OD or CC accounts and existing loan accounts are commonly reviewed.
Borrowing purpose
Quotations, projections, order books or a working-capital explanation may help establish the need.
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