For Debt Financing, the typical document list required includes:

 

1. Loan Application:

• A formal application submitted by the borrower detailing the amount of financing requested and its intended use.

 

2. Business Plan:

• A comprehensive document that outlines the borrower’s business model, market analysis, growth strategy, and how the loan will be used to generate revenue and repay the debt.

 

3. Financial Statements:

• Income Statement (Profit & Loss statement)

• Balance Sheet

• Cash Flow Statement

• Historical financial data (typically 3–5 years) and projections for the next 3–5 years.

 

4. Debt Schedule:

• A list of all current and past debts, including details of lenders, amounts, interest rates, terms, and repayment schedules.

5. Tax Returns:

• Company tax returns for the last 2–3 years to verify income and financial stability.

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6. Credit Report:

• Credit reports for the company and potentially for the business owner(s), to assess creditworthiness.

 

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