What Documents Do I Need for a Business Loan Application?


Checklist for Business Loans

Are you ready to apply for a small business loan? Every lender has their own list of requirements for what they want to see before they will accept your application. Most lenders will post a list of their specific requirements on their company website to help streamline the loan approval process and allow you to get you your money sooner rather than later. Talk to your loan officer about what they require. Every company is different. But the more legwork you do in the beginning, the less time and effort you will spend once you’re ready to start the application process.

Business Loan Application

Standard documentation needed for a business loan includes all of the following:

Business Information:

  • Business tax returns for the last 3 years
  • Current and year-end balance sheets
  • Business credit report
  • Financial statements
  • Bank statements
  • Equipment inventory
  • List of existing business debt including terms, rates and payments
  • History of business
  • Operating agreement for an LLC or LLP
  • Signed 4506-T
  • Written explanation of unusual trends or one-time expenses
  • Business plan and projections if business is less than 3 years old
  • Detailed description of proposed collateral

Personal Information:

  • Personal tax returns for the last 3 years
  • Current personal financial statement and balance sheet
  • Personal credit report
  • List of personal debt including terms, rates and payments
  • Copy of driver’s license
  • Personal background such as previous addresses, names used, criminal record, educational background, etc.
  • Resume

Learn More

Are You Really Ready to Get A Loan?

To learn more about business loans, check out our Buyer’s Guide.

Get Free Quotes

Are you ready to secure financing for your business? We can help you find a reputable lender that is qualified to work with your business. Simply fill out our form to receive quotes from up to 5 lenders.

Ready to Shop?

Receive up to 5 FREE price quotes from pre-qualified suppliers.

Get Free Quotes  

Want to learn more?

Telemarketing Service Home
Oops...it looks like you have browser cookies disabled.

We're sorry, but for proper functionality our system requires that browser cookies be enabled. Please enable browser cookies and then refresh this page to get started and receive free quotes from up to five different suppliers.