A business loan provides capital for new or existing ventures with flexible funding options for various purposes, such as equipment purchase and debt consolidation. The application process has become easier, requiring specific documents from the borrower, including identity proof, proof of address, age verification, business registration, and financial statements. Applicants must provide financial documents for the previous two years, including bank statements and audited balance sheets.

1. Documents Required for Business Loan

2. Documents Required for Business Loan
• A business loan is an amount of capital that can be opted to invest in a new or an
existing document required for business loan. It offers the flexibility to utilize the
funds. These funds can be used for several purposes such as overall capital
expenditure including purchase of equipment, plant and machinery, buying office
space & hiring staff, consolidating debt and many more.
• The process of availing a business loan is not complicated anymore, there will be
quick disbursal and easy to apply.
• The borrower is required to submit some documents while applying for a business
loan. Listed below are the common documents.
• While applying for a business loan, you need to submit certain documents to
support your application. Some of the common required documents are listed
below: -

3. Application Form- The applicant needs to fill out the application with required
information and affix a passport sized photograph.
Proof of Identity- Aadhaar Card/PAN Card/Voter ID/Passport/Driving License
Proof of Address- PAN Card/Ration Card/Telephone Bill/Lease Agreement or Utility Bill
Proof of Age- Passport/PAN Card/Voter ID
Business Establishment- Certification of Registration, MOA/AOA and Copy of Board
Resolution.
Financial Documents-
• Financial documents for the previous 2 years
• Bank statement of a minimum of at least 6 months.
• The balance sheet and profit & loss should be audited by a registered Chartered
Accountant for the previous two years.