What financial documents do I need for a business loan application?

Most business lenders require: business and personal tax returns for the last 2–3 years, business bank statements for the last 3–6 months, current profit and loss statement and balance sheet, business debt schedule, business license and formation documents (articles of incorporation, operating agreement), accounts receivable and payable aging reports, and a business plan with financial projections for newer businesses. SBA loans also require a personal financial statement, business affiliates disclosure, and collateral documentation. Having organized, accurate financial records significantly speeds up approval and demonstrates management competence to lenders.