Documents Required for Business Loan by Small Business Loan

Documents Required for Business Loan

Documents Required for Business Loan

• In India, documents required for business loan is provided by many lenders, financial institutions, or NBFCs (Non-Banking Financial Companies) to fulfill the needs and requirements of the business. It is a type of commercial loan, and it does not require the borrower to pledge for security or collateral, as it is an unsecured loan. Entities that are eligible for this business loans are Selfemployed professionals, individuals, SMEs, self-employed individuals, MSMEs, etc.

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

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.