When applying for business loans and finance, the more information you can supply the better. We explain exactly what you'll need.

Applying for business finance

Applying for business finance

Business loan documents – what's required

Starting a small business or looking to expand? Applying for finance or a business loan can be a complicated process, as business lenders require specific information. Get your documentation right the first time with these four key items, so your lender can assess the right loan for you.

1. A business plan

As part of their business loan criteria, lenders need to see a business plan that outlines everything from your products and/or services to information about your competitors. Your business plan should answer the following questions:

  1. What do you supply?
  2. What’s your potential?
  3. Where do you sit in the market?
  4. How well do you understand the market?

2. Cash flow projections

The loan application process will also assess your cash flow projection. This looks at the current cash flow situation of your business and the kind of cash you need to operate. You'll need to have this information to hand:

  1. How much cash is coming in?
  2. How much cash do you need to run the business (i.e. pay wages, etc.)?

3. Details of your security

Lenders will also need to secure your business loan, usually with property or another type of asset. You'll need:

  1. Documents that show ownership of assets, such as residential premises.
  2. Any other assets, including stocks and shares.

4. Statement of position

You'll find a template on our site to assess your financial statement of position. It'll typically answer these questions:

  1. What do you own?
  2. What do you still owe?
  3. What’s the net difference?

Prior to lodgement

As with any large business decision, you'll want to be informed as much as possible before you lodge an application. That's why it's a good idea to use tools like our business loan calculator to assess what you might need to borrow. It can also help determine the types of repayments you'll have to make before starting the application process.

Important information

The information contained in this article is correct as of July 2018 and is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.

Want to keep exploring?

Other business moments

Importing: how to grow your business internationally

Importing can be a profitable way to expand your business - if you take the necessary steps to minimise risks.

Applying for business finance? Here's what you need

The more information you supply, the smoother your finance application will go. Here are four documents you'll need to bring.

Citrus grower tastes international business success

Citrus growers Craig and Bindi Pressler built a successful overseas business by developing a unique product.

After more?

NAB Foreign Currency Account

Whether your business is getting started or growing, choosing the right transaction account is important. 

Financial markets

Starting a business or looking to expand? Our range of business loans, overdrafts, equipment and trade finance options can help you achieve your goals.

Foreign Exchange & Financial Markets

We have a range of calculators and tools, along with a national network of business bankers, to assist you.

Let's talk

We're ready to help you

Request a call back
Call 13 10 12

Mon-Fri 8am - 8pm (AEST/AEDT)
Sat-Sun 9am - 6pm (AEST/AEDT)

Talk to an expert