Typical documents required to initiate your loan application include:
- 3 months of bank statements
- Corporate tax returns last year
- Outstanding credit account statements (if hard credit report not pulled)
Whether a business loan, a car loan or a mortgage, the first question a lender will ask you is “how much do you want?” As a business owner you should ask yourself “how much can I afford to repay, and on what terms”, then work back from there.