When applying for any type of business loan, you’ll need to prove you can pay back the amount you’ve borrowed plus any accrued interest. If you’re intending to purchase a property for your business and lease it out, your lender may ask to see your forecasted rental income.
Often, a loan application will require you to supply financial statements, proof of individual income, bank statements, and identification. Depending on your commercial lender and the type of loan you need, you may also be asked to provide the following documents: Business Plan, Cash Flow Projections, Business Contract of Sale, and Lease Agreement.
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