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Documents Required For Business Loan

A business loan can be used to build or expand a business unit. The acquired funds can serve overall business expenditures, including purchasing plant equipment, hiring staff, buying office space, consolidating debt, and more.

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Documents Required For Business Loan

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  1. Documents Required For Business Loan

  2. A business loan can be used to build or expand a business unit. The acquired funds can serve overall business expenditures, including purchasing plant equipment, hiring staff, buying office space, consolidating debt, and more. In order to get a business loan, as a applicant , you should qualify for the basic eligibility and submit the mandatory documents to the lending institution.

  3. Given below are some documents that are required for applying for a business loan: Documents required – business loan For identity proof (anyone) • 2 passport-sized photographs  • Aadhar card  • Voter ID Card  • Passport  • PAN Card  • Driving license For address proof (anyone) • Aadhaar Card  • Driving License  • Electricity Bill  • Rent/Lease Agreement  • Voter ID  • PAN Card  • Utility Bill

  4. For Income proof  • Latest Income Tax Return with computation of income (if filed).  • Bank statement for last 6 months.  • Balance sheet  • The last 2-year profit and loss statements should be audited by registered Chartered Accountants. Copy of proof of continuation (anyone) • Proof of establishment  • Trade License  • Income Tax Return  • Sales tax certificate   Company address proof and identity proof • Board resolution’  • Certificate of incorporation  • Articles of Association and Memorandum of Association.  Other important documents • Copy of certified partnership deed  • Sole proprietorship  • Copy of GST registration  • Property documents with sanction map and Chain. 

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