8 Mandatory Documents Required for a Business Loan

By: Tradeudhaar.com

Business Model

An exhaustive report framing your plan of action, objectives, and Estimates of funds.

Financial Record

Statements of cash flow, income, and balances sheet that are up to date.

Credit Report

Showing your reliability, including individual and business FICO assessments.

Tax Return

Individual and business tax returns forms for the past couple of years.

Legal Documents

Licences, registrations, and contracts for your business that are relevant to your operations.

Supporting Documentation

The details on resources you're willing to promise as advance security.

Identification by Person

IDs from the government for each and every business owner and key executive.

Schedule for Debt

A breakdown of your current obligations and debts that demonstrates your financial stability.

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