A free business loan checklist from The Finance Yogi covering the financials, tax returns, BAS and documents lenders need to approve business finance.
A well-prepared application is often the difference between a business loan approval and a decline. This free checklist covers the financials and documents lenders want to see.
Have these ready and your application is assessed quickly and seen at its best, whatever you are funding.
As your local Perth broker, The Finance Yogi uses this checklist to package business applications the way lenders assess them.
Lenders assess your business on its trading history, cash flow, existing debts and the security you can offer. The documents below prove each of these.
How well your application is presented matters as much as the numbers, so having clean, up-to-date documents ready makes a real difference.
Work through the checklist below and we will package it the way lenders expect.
A strong business with a poorly presented application often loses to an average one with a strong application.
Get these documents ready and we will present your business at its best to the right lender.
These show your trading history and cash flow – the heart of any business loan assessment. See our guide on how to get approved.
Clean, up-to-date financials make your application far stronger.
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After 10 years inside the Big Four banks, I saw how many Perth families missed out or borrowed with the wrong lender. The Finance Yogi exists to change that - we compare the whole market and explain every number in plain English.
You will need photo ID for the business owners and directors, your ABN and GST registration details, and your business structure documents – such as a trust deed or company details.
Lenders use these to confirm who they are lending to and how the business is structured.
Choose the right loan first: our guide on business loan options explains the main types, so you apply for the facility that fits.
Lenders want a clear purpose for the loan and how it will be repaid. Prepare a short summary of what the funds are for and your repayment plan.
If you are offering security – such as property or equipment – have the relevant details ready. Secured loans usually mean lower rates and larger amounts.
We present your purpose and security the way lenders assess them. See the full service on our business loan broker Perth page.
Work through the final list below, and your application will be ready to present at its best.
We then choose a lender whose policy suits your industry and stage, package the application, and manage it through to approval.
Have these ready and your application moves smoothly. For the full picture, read our complete business and commercial loan guide, or explore our finance services.
Book a free, no-obligation chat and we will package your application to win across multiple lenders.
Source: business finance guidance from business.gov.au, and general guidance from ASIC MoneySmart. Confirm current lender requirements before you apply.
