Applying for a commercial or MSME loan requires preparation of thorough business records. Having documentation ready in advance significantly speeds up the sanction and disbursement process.
Essential Checklist:
- Promoters and Firm KYC (PAN, Aadhaar, Partnership Deed / COI)
- Last 2 to 3 years Audited Financial Balance Sheets and Profit & Loss
- 12 Months Banking Statements of all operative accounts
- GST Returns (GSTR-3B / GSTR-1) matching financial turnover
- Proof of business premises ownership or lease agreement