Documents required for business loan. Whether you are a startup or an established business, lenders assess your credibility through financial and legal documents. The key documents include: 1) Business registration proof such as GST registration or incorporation certificate, 2) KYC documents of the business owner (Aadhar, PAN, Passport, etc.), 3) Financial statements like profit & loss accounts and balance sheets, 4) Bank statements for the last 6-12 months, 5) Income Tax Returns of the past 2-3 years, and 6) Loan application form with business plans. Some lenders may also require collateral documents if the loan is secured. Having these documents ready in advance can speed up approval and increase the chances of securing the required funds. In this blog, we break down each document in detail, its importance, and how you can ensure a hassle-free loan application process.
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