Lending Application Requirements

Before you start there are a few things you will need to know or have available to successfully complete your application.

Have available any special loan promotion offer code, if applicable.

Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable.

Information about your business, such as: Business Name and Address

Type of business organization and year established

Business Tax ID number, Annual Sales, Number of Employees

Information about each Business Owner, such as: Name, Home Address, Social Security Number, Title, Ownership Percentage, Personal Financial information, Historical Information Government issued photo ID (Driver's License, US Passport, or a state-issued ID) may be requested for verification purposes

You may want to have copies of your most recent business and personal tax returns and/or financial statements to assist with completion of the application.

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and Money Laundering activities, Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Review our Business Lending Guidelines

Use our Business Lending Guidelines to help you better assess your creditworthiness when applying for new or additional revolving or fixed-term financing. These guidelines are not the only criteria for a final credit decision, but they will empower you to better understand your financial position in the context of PNC’s business lending practices. Read Guidelines »

Need a bank loan? These are the documents needed to get one

Proof of Residence - Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card.

Proof of Identity - Any one of Voters Card / Aadhaar Card/ Drivers License / Employers Card.

Latest Bank Statement / Passbook (where salary / income is credited for past 6 months).

Latest 6 Months Salary Slip with all deductions and last 2 years Form 16.

Copies of all Property Documents.

Certified Financial Statement for the last two years.

Proof of Residence - Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card.

Proof of Identity - Any one of Voters Card / Aadhaar Card/ Drivers License / Employers Card.

Latest Bank Statement / Passbook (where salary / income is credited for past 6 months).

Copies of all Property Documents.

Identity proof (copy of passport/voter ID card/driving license/Aadhaar)

Address proof (copy of passport/voter ID card/driving license/Aadhaar)

Bank statement of previous 3 months (Passbook of previous 6 months

Latest salary slip/current dated salary certificate with the latest Form 16

PAN Card - For Company/Firm/Individual

A copy of any of the following documents as identity proof:

Aadhaar Card Passport Voter's ID Card PAN Card Driving License

Aadhaar Card Passport Voter's ID Card Driving License

Bank statement of the previous 6 months

Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited

Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)

Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Age proof

ID proof

Application form

Photograph

Residence proof

Income proof

Current repayment track

Work in hand/Contract copies

Signature verification proof

Existing vehicle ownership proof

Pro forma invoice

Loan Agreement duly signed along with RTO set

Post Dated Cheques (PDCs)/ECS Form/Standing Instruction (SI) request

Margin money receipt

Insurance cover note

A loan application procedure is complete only when the document verification is successful. Be it any type of loan, an applicant has to provide all the necessary documents as per the requirement. The importance of documents is different depending on the type of loan. In the case of unsecured loans such as personal loans, income proof, and salary slip are given the highest priority. On the other hand, for secured loans such as home loans and loan against property, property papers are of utmost importance which many people forget to maintain.Below is the list of documents that a borrower has to submit to the lender for a loan against property, personal loan, commercial vehicle loan and business loan.For Salaried IndividualsFor Self-Employed IndividualsThe following documents are required along with your Personal Loan application:The following documents are required along with your Business Loan application:A copy of any of the following documents as address proof:If you are running a small business, chances are you may need a loan to buy a vehicle to carry out your work. The documents required to apply for a commercial vehicle loan are as follows:Post-sanction/Pre-disbursement documentation:The documents mentioned above are a general set of documents asked by the lenders. The list of documents might be slightly different from one lender to another. As you may notice, the list varies depending on the profession. It is also important to note that a loan is approved only when document verification is successful. So, to get the approval, a borrower must have all documents.( The writer is, CEO,

SBA Loans & Financing for Your Business

SBA loans for established businesses

Discover all the benefits that SBA lending can offer!

SBA loans offer convenient financial options for almost any business purpose. These programs offer long terms, low down payments and reduced collateral requirements.

As a U.S. Small Business Administration (SBA) Preferred Lender, we can show you how to put these SBA programs to work for your business.

Qualifications:

You own and operate a for-profit business. Your business is legally organized as a sole proprietorship, corporation, partnership or LLC

You own and operate a for-profit business.

Your business is legally organized as a sole proprietorship, corporation, partnership or LLC.

Limited-Time Offer:

Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans. Loans from $100,000. Apply by January 13th and close by July 12th, 2023.

Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans

Loans from $100,000.

Apply by January 13th, 2022 and close by July 12th, 2023.

Special benefit for veterans:

Take advantage of a 25% discount on loan administration or origination fees.

Offer valid for veterans of the U.S. Armed Forces on new credit facility applications submitted in Small Business.