Blair has provided a good checklist. However, the paperwork that you’ll need depends a lot on what type of business loan(s) you’re applying for. If you are considering a bank loan, all the paperwork mentioned above is necessary. However, if you’re applying for an alternative loan, far less paperwork may be needed.
We have a good summary of small business loan options so you can narrow down which types are most suitable for your business.
Once you do that, we have individual lender reviews that show what paperwork is needed for each loan product.
Keep in mind that most loans require personal guarantees from anyone who owns 20 % or more of a business, so make sure your business partners and primary investors are included in loan discussions.