Free Template
Business Loan Readiness Checklist
Before you apply for a business loan, check this list. It covers what lenders look at, what documents you need, and what improves your chances.
What lenders assess
Trading history (minimum 6 months for most products)
Monthly turnover, consistency and growth
Bank statement trends, income growing or declining?
Existing debt levels relative to turnover
Director credit history
Sector risk profile
Documents to prepare
3–6 months business bank statements
Most recent filed or management accounts
Proof of ID for all directors
Details of any existing finance
For property: title deeds and mortgage statements
What improves your chances
Consistent or growing monthly turnover
No unexplained large cash withdrawals
No returned direct debits in recent statements
Director with clean personal credit
Clear explanation of what funds are for
Download the Checklist
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