
Essential Documents for a Business Loan from Sampan Financial Services Private Limited
Applying for a business loan can be a pivotal step in scaling your enterprise. To streamline your application process with Sampan Financial Services Private Limited, it’s crucial to have all necessary documents ready. Here’s a comprehensive list of what you’ll need:
1. Identity Proof
To verify the identities of the business owner(s), you will need:
- Passport
- Voter ID Card
- Aadhaar Card
- Driver’s License
- PAN Card
2. Address Proof
Proof of address is required to validate the location of your business. Acceptable documents include:
- Utility Bills (Electricity, Water, Gas)
- Lease or Rent Agreement
- Property Tax Receipts
- Trade License
- Bank Statements
3. Business Registration Proof
To confirm the legal existence of your business, provide:
- Certificate of Incorporation (for companies)
- Partnership Deed (for partnerships)
- GST Registration Certificate
- Trade License
- Business License or Permits
4. Financial Statements
These documents demonstrate the financial health and viability of your business:
- Income Tax Returns (ITRs) for the last 2-3 years
- Profit & Loss Statements
- Balance Sheets
- Bank Account Statements for the last 6-12 months
5. Business Plan
A detailed business plan helps the lender understand your business model, market strategy, and how you plan to use the loan funds. Include:
- Executive Summary
- Market Analysis
- Organizational Structure
- Product or Service Line
- Funding Request and Use of Funds
- Financial Projections
6. Ownership and Partnership Documents
If applicable, provide:
- Partnership Deed
- Shareholding Pattern
- Memorandum of Association (MOA) and Articles of Association (AOA)
7. Collateral Documents
For secured loans, you’ll need to provide details and proof of the asset being pledged as collateral:
- Property Documents
- Valuation Reports
- Ownership Proof
8. Other Supporting Documents
Depending on the specific requirements of Sampan Financial Services, you might need to provide additional documents such as:
- Age Proof of the business
- Detailed Information on Existing Loans (if any)
- Proof of Business Continuity
Tips for a Smooth Application Process
- Organize Your Documents: Ensure all documents are up-to-date and well-organized.
- Accuracy is Key: Double-check all information for accuracy to avoid delays.
- Seek Professional Help: Consider consulting with a financial advisor to ensure your documents and financials are in top shape.
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