Most lenders have a list of required documents for business loans . That said, the specific documents you’ll need varies by lender, and some lenders pride themselves on easy-to-complete applications with limited documentation requirements. Documents required for a business loan You’ll generally find that traditional banks and credit unions require the most documentation. But even online lenders, like Upstart, Credibly and Fundbox, have documentation requirements that you must meet to get approved for funding . You’ll also need to specify the loan use, how much you need to borrow and how you’ll repay it. Here’s what you’ll typically need to apply for a business loan. Personal and financial information Lenders want to confirm your identity and learn about your financial health. So, the lender will need your: Name Address Phone number Date of birth Social Security number It’s also helpful to have your personal bank statements from the past year and income documentation handy, just in case the lender requests them during the application process. Small business lenders typically weigh your personal finances alongside your business finances. The lender will use your personal information to get a copy of your credit reports and scores. These factors affect your approval […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
