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Document Required For Business Loan

To apply for a business loan, the following documents need to be attached along with the application. The list of documents is given below, these are common documents required by the lenders. It may vary from lender to lender.

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Document Required For Business Loan

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  1. Document Required For Business Loan

  2. Document Required For Business Loan To apply for a business loan, the following documents required for business loanneed to be attached along with the application. The list of documents is given below, these are common documents required by the lenders. It may vary from lender to lender.  Application Form: appropriately filled loan application form with a recent passport size photograph  Valid Proof of Identity: Passport, Photo PAN (Permanent Account Number) card, Voter’s identity card, Driving license  Address Proof: Ration card/Telephone Bill/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate  Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for the last two years audited by a C.A (Chartered Accountant).  Any individual needs to check their eligibility criteria for the business loan. Self-employed, professional, and non-professionals are eligible for a business loan, but the requirements of the documents are different for everyone.

  3. Self-Employed Individuals (Private Ltd. Co. & Partnership Firms) • Proof of Identity for Private Limited Company: Sales tax / VAT /Service tax / Excise registration / IT return of the concern, Water / Electricity / Registration under Shops and Establishment Act, PAN ID /Municipal tax bill in the name of the Concern, Memorandum and Articles of Association  • Proof of Individual Identity: Proof to be submitted for the business loan authorized signatories and about 2 Directors including the Managing Director: PAN card / Voter’s identity card / Driving license / Passport  • P & L Copies of IT returns for the last two years and P & L and balance sheet for the last two years audited by a Chartered Accountant.

  4. Self-Employed Professionals • Proof of Identity for Sole Proprietorship: Registration document in case of sole proprietors and other proofs of business identity like PAN ID / IT return of the concern or Municipal tax, Water, Electricity bill in the name of the concern  • Identity proof of the Sole Proprietor to be submitted: Passport, Driving license, Voter’s identity card, Photo PAN card  • Proof of residential address for the Sole Proprietor: Driving license, Ration card, Passport, Voter’s identity card  • Copies of IT returns for the last two years and Bank statements for the last 6 months and P & L and balance sheet for the last two years audited by a Chartered Accountant Self-Employed Non-Professionals • Proof of identity of the sole proprietorship: Sole proprietor’s registration document  • Proof of individual identity  • Three years’ GST (Goods and Services Tax) returns  • Copy of periodic stock, age-wise book-debt and creditors-statement for latest three months  • Copy of last 6 months’ bank statement of primary banker   • IT Returns of last 2 years  • P & L and balance sheet for last two years audited by a chartered accountant. 

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