Business loan - Yes We Help You
Business loan - Yes We Help You
Business loan
Business loan. A business loan is a loanspecifically intended for business purposes. … There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans,business cash advances and cash flow loans.
Documents Required for Business Loan
- Identity proof- Driving License/PAN Card/ Passport / Voters ID card
- Address Proof (Ration card Tel/electricity Bill/ Passport/ Trade license / Lease agreement/ Sales Tax certificate)
- Bank Statement
- Latest ITR along with computation of Balance Sheet, income & Profit & Loss a/c for the last 2 yrs.
- Proof of continuation
- Other Mandatory Documents such as Sole Proprietorship Declaration, Certified true copy of Memorandum & Articles of Association
- Last 3 years audited financials
List of Common Documents Required for Business Loan
- Application Form: Complete loan application form with one passport size photograph
- Valid Proof of Applicant’s Identity: Passport, Photo PAN card, Voter’s identity card , Driving license and MAPIN card
- Proof of Residence: Ration card Tel/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate
- Proof of Age: Passport, Photo PAN card, Voter’s identity card
- Financial Documents: Copies of IT returns for the last two years along with the latest Bank statements for 6 months and P & L and balance sheet for last two years audited by a C.A.
- Self Employed (Private Ltd. Co. and Partnership Firms): P & L Copies of IT returns for the last two years and P & L and balance sheet for last two years audited by a chartered accountant.
- Self Employed Individuals – Professionals: Copies of IT returns for the last two years and Bank statements for last 6 months and – Professionals: P & L and balance sheet for last two years audited by a chartered accountant
- Self Employed Individuals – Non Professionals: P & L and balance sheet for last two years audited by a chartered accountant and Copies of IT returns for the last two years and Bank statements
Documents Required for Self Employed (Private Ltd. Co. and Partnership Firms)
- Proof of Identity of Private Limited Company: Sales tax / VAT /Service tax / Excise registration, / IT return of the concern, Water / Electricity / Registration under Shops and Establishment Act, PAN ID /Municipal tax bill in the name of the concern, Memorandum and Articles of Association
- Proof of Individual Identity: Proof to be submitted for the authorized signatories and about two directors (which includes the managing director) (any one of the following): PAN card, Voter’s identity card, Driving license and Passport
Documents Required for Self Employed Individuals – Professionals
- Proof of identity of sole proprietorship : Proof of identity of the sole proprietorship
- PAN ID / IT return of the concern or Municipal tax, Water, Electricity bill in the name of the concern
- Individual identity proof to be submitted for the sole proprietor : Passport, Driving license, Voter’s identity card, Photo PAN card.
- Proof of residence address for the sole Proprietor: Driving license, Ration card, Passport, Voter’s identity card
Documents Required for Self Employed Individuals – Non Professionals
- Proof of identity of the sole proprietorship
- Proof of individual identity
- Three years income tax returns
- Three years sales tax returns
- Copy of periodic stock, age wise book-debt and creditors-statement for latest three months
- Copy of last 6 months bank statement of main banker / copy of bank statement for the term loan
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