Lenders Information Requirements

Lenders Information Requirements – To apply for a Business Loan, Commercial Loan or Invoice Finance the following information may be needed by the lender.

Depending on the loan to value and complexity of the case our providers’ may require you to provide some or all of the following information:

Lenders Information Requirements – To apply for a Business Loan, Commercial Loan or Invoice Finance the following information may be needed by the lender.
Lenders Information Requirements
  • Passport & Driving Licence as proof of identification
  • Address verification – Utility bill under two months old
  • Credit Reference Agency search – Experian or Equifax
  • Business profile (if currently in business)
  • Relevant Personal CV (for all parties to a loan)
  • Personal Financial Profile / Statement of Assets and Liabilities (for all parties to a loan)
  • Six months personal and/or existing business bank statements (for all parties to a loan)
  • Profit and Loss Accounts for the last 3 years with supporting balance sheets and / or management accounts if it is a new company
  • Profit ProjectionsLenders Information Requirements
  • An up to date Aged Debtor Analysis
  • An up to date Aged Creditor Analysis
  • A Sample Sales Invoice
  • A Sample Contract if applicable
  • Cash Flow Forecasts
  • Letter from Accountants confirming all ‘Crown Debts’ paid to date – HMRC, PAYE etc
  • SA302 – Tax Calculation Forms – For the last 3 years (HMRC Tel no: 0845 900 0444)
  • Tenancy Agreements
  • VAT returns
  • Business Plan – covering things such as: staffing requirements, business strengths, competition, opportunities, customers, suppliers, financial projections to confirm affordability etc.
  • Confirmation of Asset Values
  • Project Costing Breakdown
  • Confirmation of any relevant Planning Permissions in existence
  • Building Plans
  • Sale Particulars
  • Trust Deed
  • Schedule of other Investment Property.
  • Solicitors Details.

This is not an exhaustive list and is subject to our providers individual requirements for a specific business sector. Please refer to our Business Tools Downloads page for further help and guidance

Lenders Information Requirements - To apply for a Business Loan, Commercial Loan or Invoice Finance the following information may be needed by the lender.

Providing as much of the above, that is relevant to your requirements, will help speed up any application process but does not guarantee loan acceptance.

 

Contact us today via our online enquiry form for a confidential talk. We’ll show you a positive way forward.

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