NAB small business lending financial information support

Financial information needed to complete the application

In order to assess how much you can borrow, we'll review the strength of your business by looking at 12 months of reconciled financial history - processed online, with an instant answer.

To make an accurate assessment of your business performance, we require the following:

• Your profit and loss report. This must span 12 full months and be up to date.
• Your balance sheet. This must be up to date.
• 12 months of transaction history from your business trading account. This must be up to date and reconciled. The most recent reconciled transaction must be within 14 days of your application.

How to reconcile your business trading account

The process of reconciliation is done by matching the transactions on your internal financial record to the corresponding amount on your bank statement. Reconciling your business accounts offers several advantages including:

• detecting errors such as double payments, missed payments, calculation errors, etc

• spotting fraudulent transactions

• tracking accounts payables and receivables for the business.

Accounting software makes the reconciliation process easier and efficient. Bank transactions are imported automatically allowing you to match and categorise a large number of transactions at a click of a button. Select from the accounting packages above to learn more.

Accounts managed by an accountant

You can still apply for a NAB QuickBiz product or NAB Business card. Your accountant will need to provide you with login details to connect to your online accounting package.