When applying for business loans and finance, the more information you can supply the better.

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 key items, so your lender can assess the right loan for you.

Financial Statements

We need to assess your business’  financial performance so we can determine your capacity to service the loan. Most businesses need to provide at least:

  • annual financial statements for the last two years
  • a copy of their  latest full tax portal report. 

In some cases, including start-ups or more complex businesses, we may ask for more information, including:

  • cash flow projections 
  • interim or recent management financials
  • BAS statements and cash flow statements
  • business contract of sale
  • lease agreements.

Your individual position

If you’re the director or shareholder of a company, we may also ask for supporting information about your individual financial position, including;

  • individual income tax returns
  • statement of position (assets and liabilities) 
  • proof of income you earn outside of your business,  such as rental income from an investment property
  • loan or other account statements
  • details of your general living expenses and other debts.

Security

A business loan may be unsecured or require some form of property as security.   Whether security is required will depend on the type of business loan you apply for.  In most cases we’ll need a guarantee from company directors where corporate borrowers are involved.

Understanding your business

If you’re starting or buying a new business, or making significant changes,   we may need to see your business plan. This plan should outline everything from your products and services to information about your competitors. Your business plan should answer these questions:

  • Who are your customers?
  • What do you supply?
  • What’s your potential?
  • Where do you sit in your market?
  • How well do you understand your market?

Before you begin your application 

You should be as informed as possible before you lodge your application. You can use tools like our business loan calculator to assess how much you might need to borrow. It can also help you determine the types of repayments you'll have to make before you start the application process.

How to apply

To apply for business finance, call one of our business bankers on 13 10 12 or  Request a call back.

Important information

If you aren’t an existing customer, you’ll need to provide identification documents. These may vary depending on your business structure, but can include your drivers’ license, passport, and business registration documents.

Any new or increased lending is generally conditional upon a clear credit history.

The information contained in this article is correct as of March 2021 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.

Target Market Determinations for these products are available at nab.com.au/TMD.