Q. What documents are needed for a Business loan?


There are differences in the documents required for various types of companies like the sole proprietorship firm, partnership firms and private limited companies. Required documents, by banks for providing a business loan for a sole proprietorship firm are:

  • Proof of identity of the sole proprietorship firm.
  • Proof of individual identity of the proprietor.
  • Proof of residence address of the proprietor.
  • Certified balance sheet of the enterprise for last two years.
  • Copies of IT return for the last two years.
  • Bank statements of last 6 months for business credit up to Rs. 15 lakh and last 12 months for business credit above Rs. 15 lakh





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