Documentation requirements vary for small business loans. First thing you should do is preparation. Lender instituations first look at your credit history, business plans and financial statements.

There are many institutions offering small business loans. Look for the right lender. Every lender has different loan packages and so different interest rates and costs. They want to make sure that you’ll repay your loan on time, so it’s important the collateral that you show to get loan.

Decide on short term loan or long term loan. Variable interest rates or fixed interest rates. Of course these are depending on your business plans so well outlined plan is needed.

You will definately need the documents; balance sheet, income statements, dev to equity ratio, payment records, tax returns, liabilities, assets, work history and experience etc.

If you have a good project and well prepared documentation, there’s no reason that institutions will negatively respond your small business loan apply.

Most of the paper work is the same but there are some little differences if you will apply for government small business loans. As governments do not provide loans directly to borrower, you have to apply financial instuations again for government guaranteed loans. Lender institutions will assist you in preparing all the documentation for SBA loans.