Documents & Preparation
Business Loan
Checklist.
Applying for a business loan requires proper documentation and financial clarity. Being prepared improves your chances of faster processing.
Who Can Apply?
Business loans are commonly evaluated for:
Proprietorships
Partnerships
Pvt Ltd Companies
LLPs
Self-Employed Professionals
Final eligibility is decided by the lender.
Essential Documents
What lenders typically look for before considering an application.
Business Registration Proof
- • GST Registration
- • Shop Act License
- • Incorporation Certificate (for companies)
Identity & Address Proof
- • PAN Card (Proprietor & Entity)
- • Aadhaar / Passport / Voter ID
- • Business Address Proof
Bank Statements
- • Last 6–12 months of main business account
- • Reflects cash flow and banking habits
Financial Statements
- • Profit & Loss Statement
- • Balance Sheet
- • Income Tax Returns (Last 2-3 Years)
Key Factors Banks Evaluate
Stability
Duration of business operations and consistency.
Cash Flow
Regular inflow indicates repayment capacity.
Credit Profile
Both business and personal credit history are reviewed.
Industry
Risk profile varies across different industries.
Tips to Improve Readiness
- Maintain clean banking records
- File GST & ITR on time
- Avoid cheque bounces
- Keep documents updated
Common Mistakes
- Incomplete documentation
- Mixing personal & business accounts
- Applying without financial clarity
- Overstating income
Start Your Application
A well-prepared application improves credibility and reduces delays. We assist with documentation coordination but do not guarantee loan approval.
Apply for Business Loan