Core documents (almost every lender)
- 3–6 months of business bank statements (PDF from your bank)
- Government-issued photo ID for every owner with 20%+ ownership
- Business legal name, operating name, and registration or incorporation number
- Business address and contact details
Additional documents for larger loans
- Year-end financial statements (balance sheet and income statement)
- Recent corporate and personal tax returns or notices of assessment
- A schedule of existing debts with balances and payments
- Accounts receivable and payable aging reports
Product-specific documents
Equipment financing requires a vendor quote or invoice. Debt consolidation requires payoff statements for the debts being consolidated.
Tips for a faster approval
Upload original PDFs rather than screenshots, make sure every page is included, and explain any unusual deposits or dips in revenue. With Kacu you can upload documents securely during the online application.
Frequently asked questions
Do I need a business plan to get a loan?
Most online lenders do not require a formal business plan. Banks and government-backed programs are more likely to ask for one, especially for startups.