The documentation required for a loan application varies from lender to lender. It’s difficult to give an exact list of the requirements, but there are some guidelines to follow.
No matter who the lender is or what product you are applying for, be prepared to support the numbers and information on your loan application from a historical perspective. In other words, you are going to need to show proof of your income and expenses to establish the past performance of your business.
The following is a list of the most common documentation requests:
- 6 – 12 Months’ bank statements;
- Up to date Managements Accounts;
- Company CIPC documents;
- Verification from your landlord if you rent office / industrial / retail space.