1. A business plan
2. Financial statements
3. Collateral
4. Credit history
5. Cash flow projections
6. Tax returns
7. Bank statements
8. Personal financial statements
9. Business licenses
10. Business insurance
11. Operating agreements
12. Profit and loss statements
13. Business references
14. A written loan request
15. A detailed description of the loan purpose


1. Business Plan: An updated business plan is essential for a small business loan application, as it provides lenders with an overview of the business, its operations, its goals, and its financial needs.
2. Credit History: A good credit history is essential for securing a small business loan. Lenders will check the credit history of the business owner to determine the risk associated with the loan.
3. Collateral: Many lenders require collateral to secure a loan. Collateral is an asset that can be used to secure the loan in case the business is unable to repay it.
4. Cash Flow: Lenders will want to see proof of cash flow, such as bank statements, to ensure that the business has the ability to repay the loan.
5. Financial Statements: Lenders will want to see financial statements, such as balance sheets and income statements, to get an idea of the business’s financial health.
6. Tax Returns: Lenders will want to review the business’s tax returns to get an idea of its profitability.
7. Business Experience: Lenders will want to see evidence of the business’s experience in its field.
8. Loan Repayment Plan: Lenders will want to see a detailed loan repayment plan that outlines how the business plans to repay the loan.
9. Loan Purpose: Lenders will want to know what the loan will be used for and why the business needs the funds.
10. Loan Amount: Lenders will want to know the exact amount of the loan that is being requested.