Four groups of records to prepare
Business identity
PAN, address proof and relevant business-constitution documents. A sole proprietor, partnership and company may need different papers.
Banking history
Recent statements for the accounts used by the business. Ask for the period required and explain if turnover is spread across accounts.
Income and financial records
Tax returns, accounts and current business performance may be requested. Ask which records apply to your business and whether provisional accounts are accepted.
Purpose of the loan
For equipment or expansion, a lender may ask for quotations, project details or projections. A secured loan may require additional property papers.
Sources: ICICI Bank: business finance document checklist; Bank of Baroda: SME medium-term loan requirements
Explain the business in everyday numbers
For a shop in Siliguri, start with a short summary: what you sell, how long the business has operated, typical monthly collections and regular costs. Separate sales from the money left after expenses.
If you need money for stock, write down the purchase cost and when you expect customers to pay. For equipment, write down the price and how it could change your income or expenses. These notes help the first discussion; they do not replace the lender’s required records.
Use a slower trading month when thinking about repayments. A payment that works only during your busiest month may leave too little for rent, wages and stock.
What if some records are missing?
Tell the lender what you have before making an application. Ask whether there is a suitable product for your business age, income evidence and security position.
Do not assume every business loan needs the same years of accounts, GST status or collateral. Equally, a missing record does not mean a lender will waive it. Get a clear checklist for the specific product and keep your figures accurate.
What to discuss on the first call
Credziva can help you organise the next steps for a business loan enquiry in Siliguri. The lender assesses the business and decides eligibility, security and terms.
The amount and purpose
Explain what you need to fund, when you need it and how much you can contribute.
Existing repayments
Include current business and personal commitments when discussing a manageable payment.
The proposed facility
Ask whether it is a term loan, working-capital facility or another product, and how repayments and charges work.
Sources & useful reading
Sources checked on 11 Oct 2026. Lender requirements and terms can change. These sources are references, not a claim of a partnership.
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