A business loan can be used to build or expand a business unit. The acquired funds can serve overall business expenditures, including purchasing plant equipment, hiring staff, buying office space, consolidating debt, and more.

1. Documents Required For
Business Loan

2. A business loan can be used to build or expand a
business unit. The acquired funds can serve overall
business expenditures, including purchasing plant
equipment, hiring staff, buying office space,
consolidating debt, and more.
In order to get a business loan, as a applicant , you
should qualify for the basic eligibility and submit
the mandatory documents to the lending
institution.

3. 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

4. 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.
Other important documents
• Copy of certified partnership deed
• Sole proprietorship
• Copy of GST registration
• Property documents with sanction map and Chain.