To back up the loan request, The following documents are needed.
1. Application Form
2. Proof of identity
3. Proof of address
4. Bank statement for the last 6 months
5. Latest ITR along with computation of income, balance sheet, and profit and loss account for the last 2 years. Financials should be certified.
6.Proof of continuation(Trade license/establisment/sales tax crtificate)
7.Other mandatory requiremts(sole.prop declaration)
The following need to be checked to ensure the reliability of documents.
1. Credit history of the applicant
2. Cash flow history and projections of the business
3. Character of the applicant
4. myriad pieces of loan documentation.
Generally, a document is a permanent record of information that can be retrieved later by a user. An entire document or its individual parts can be treated as individual data elements within a document storage system. Here's a generic example from the documentation: sales invoice.
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