What Documents are Required for a Small Business Loan Application?

If you are a small business owner looking to apply for a loan, you may be wondering what documents are required for the loan application process. Depending on the type of the loan and the lender, the process can seem overwhelming, but having the necessary documents in hand can make the process much smoother.


In this article, we will outline the essential documents required for a small business loan application, as well as demonstrate how easy it is to work with MobyCap versus someone like a traditional bank.


Financial Statements


Financial statements are essential documents that provide lenders with a snapshot of your business’s financial health. The financial statements that lenders typically require include:


  • Income statement: An income statement shows your business’s revenue and expenses over a specific period, usually a year.
  • Balance sheet: A balance sheet shows your business’s assets, liabilities, and equity at a particular point in time.
  • Cash flow statement: A cash flow statement shows your business’s cash inflows and outflows over a specific period.


MobyCap only requires your most recent 6 months of business bank statements. In special cases we will request additional docs like a business tax return. That’s it!


Business Plan


A business plan is a document that outlines your business goals, strategy, and financial projections. A business plan is essential for a small business loan application as it provides the lender with insight into your business and helps them assess the risk associated with lending to your business.


MobyCap does not require a written business plan to be funded!


Business Tax Returns


Business tax returns are required to verify your business’s income and to assess your business’s ability to repay the loan. Lenders typically require the past three years’ tax returns.


MobyCap will request a business tax return on occasion, but it is not generally required.


Personal Tax Returns


Lenders may also require personal tax returns to assess the creditworthiness of the business owner.


MobyCap does not require a personal tax return!


Business Licenses and Permits


Lenders may require proof that your business has the necessary licenses and permits to operate legally.


MobyCap does not need proof of business permits.


Bank Statements


Bank statements provide lenders with insight into your business’s cash flow and how you manage your finances. Lenders typically require the past six months’ bank statements.


All we require is your most recent 6 months of business bank statements.


Collateral Documentation


If you are applying for a secured loan, you will need to provide documentation for the collateral you are offering to secure the loan. This could include property deeds, vehicle titles, or equipment titles.


Conveniently for you, MobyCap funding is all unsecured, so no need to put up anything like your house, car, or business!




When applying for a small business loan, it is essential to have all the necessary documentation in hand to ensure a smooth application process. MobyCap is proud to have the most seamless process in the entire industry.


The documents required may vary depending on the lender and the type of loan you are applying for. However, having a business plan, financial statements, tax returns, licenses and permits, bank statements, and collateral documentation will give you a strong foundation for a successful loan application. Be sure to review the lender’s requirements carefully and prepare all the necessary documents in advance to avoid any delays in the loan application process.


If you have your most recent 6 months of business bank statements, we can get real rates and terms in front of you right away, and funded in as little as a few hours!

Moby Capital has been helping thousands of businesses just like yours to secure small business loans for over 10 years. We have sourced over $1 Billion in funding for small businesses and we have the expertise to make the loan process as fast and easy as possible. Contact us today to learn how we can help put money in your pocket.

Your business must be on pace for at least $500k in annual revenue for us to be the right fit for your business. Please do not submit our contact form unless your business is on pace for at least $500k in annual revenue. 

*MobyCap specializes in both loans and alternative financing options. Please see our website for our full suite of services and offerings.

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