It is important that you have your documents in order to avail of any loan, and a business loan is no different.
Here are some key documents that you need to submit to a lender to take a business loan:
· Last three years’ Income Tax Return (ITR) statements
· Bank account statements
· Residence proof of applicant
· Recent photographs of applicants
· Business proof
· Applicable certification related to practice
· Proof of ownership of the possessions which are used for business purposes
· Identity proofs such as Aadhar Card, Voter ID Card, PAN Card, Company registration certificate, etc.
·KYC documents of the co-applicant (if applicable). In case business loan for women is the category of choice, proof of majority ownership by the woman needs to be provided by the investor.
It is important that you have your documents in order to avail of any loan, and a business loan is no different.
Here are some key documents that you need to submit to a lender to take a business loan:
· Last three years’ Income Tax Return (ITR) statements
· Bank account statements
· Residence proof of applicant
· Recent photographs of applicants
· Business proof
· Applicable certification related to practice
· Proof of ownership of the possessions which are used for business purposes
· Identity proofs such as Aadhar Card, Voter ID Card, PAN Card, Company registration certificate, etc.
·KYC documents of the co-applicant (if applicable). In case business loan for women is the category of choice, proof of majority ownership by the woman needs to be provided by the investor.