Documents Required for a Working Capital Loan
A practical checklist of documents lenders commonly ask for, so you can prepare in advance and apply faster.
Having your paperwork ready is one of the simplest ways to speed up a business loan. Exact requirements vary by lender and product, but the documents below are commonly requested.
Identity and business proof
- PAN and KYC of the business and its promoters or directors.
- Business registration proof, such as incorporation certificate, partnership deed or Udyam registration.
- Address proof of the business and promoters.
Financial documents
- Bank statements, usually for the last 6 to 12 months.
- Income tax returns and financial statements, commonly the last 2 to 3 years.
- GST returns, which help lenders verify turnover.
- Details of existing loans and repayment track record.
Business and transaction documents
- Invoices, purchase orders or contracts, for receivable-based or trade products.
- Stock and debtor statements, where the facility is linked to inventory or receivables.
- Collateral documents, if the facility is secured.
Tips to avoid delays
- Keep bank accounts and GST filings consistent. Mismatches raise questions.
- Review your credit report before applying and fix errors.
- Apply for an amount your cash flow can comfortably service.
Our eligibility check lists the documents specific to each product, so you can see what is needed before you apply.
Frequently asked questions
How many months of bank statements are needed?
Many lenders ask for 6 to 12 months, but this varies by lender and product.
Do I need collateral for a working capital loan?
Some facilities are unsecured and others require collateral. It depends on the product, the lender and your profile.
Why do lenders ask for GST returns?
GST returns help lenders verify the turnover you report and check consistency with your bank statements.
This page is for general information only and is not financial, legal or tax advice. Loanbazaar is a loan distributor and connects businesses with lending partners; it does not lend directly. Terms, eligibility and approval are decided by the lender.