A business loan checklist that gets you bank-ready
This business loan checklist walks you through everything a lender will ask for before approving a loan or line of credit. As a result, you show up with a complete, organized package instead of making three trips back to the bank for missing documents.
Who it’s for
It’s designed for small business owners applying for a term loan, equipment loan, SBA loan, or line of credit. It also helps startups that need to present their numbers clearly, along with advisors who prepare loan packages for clients.
What the business loan checklist helps you do
- Gather every document lenders typically request
- Present clean financial statements and key ratios
- Explain your business, how much you need, and how you’ll repay it
- Spot weak areas in your application before the lender does
What’s included
- Start Here: Getting Bank-Ready guide (PDF)
- Loan Package Prep Kit with the full document checklist (PDF)
- Business Summary for Lenders template (Word)
- Bank-Ready Financial Workbook (Excel)
How it works
First, read the Start Here guide to see what lenders look for. Next, work down the checklist and collect your tax returns, statements, and ownership documents. Then, fill in the workbook and the business summary. Finally, review the package for gaps before you submit it.
Why a complete loan package matters
Lenders move faster on applications that are complete and easy to read. To compare loan types, see the SBA loan programs overview. In addition, a 13-week cash flow forecast shows the lender you understand your cash needs.
Business loan checklist FAQ
Does this work for SBA loans? Yes. The document list covers what most banks and SBA lenders ask for. Even so, each lender has its own forms, so ask for their list and check it against the kit.
How early should I start? Ideally, start two to three months before you apply. That gives you time to update your books, gather tax returns, and fix anything that might raise questions.
Want help preparing your loan package? Work with us at LNS Accounting & Business Consultants.
Format: Word, PDF, and Excel. Instant download. General information only; lender requirements vary. Not legal or financial advice.