3 Important Documents for Bank Business Loans

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If you’re planning to start your own business but don’t have enough capital yet, you can consider applying for bank business loans. There are a number of requirements for bank loans but if you can already prepare them ahead of time, it will be less hassle for you.

To facilitate your loan faster, we’ve summarized a list of essential documents you need:

Basic Documents (Personal & Business Identification)

  • One (1) Valid Government Issued ID
  • Marriage Contract (if applicable)
  • Accomplished Loan Application Form
  • Business Registration Certificate / Business Permit / Latest General Information Sheet
  • SEC-validated Articles of Incorporation / By-Laws (for partnership or corporation)
  • List of Elected Officers (for corporation)

Financial Documents

If Employed

  • Latest Income Tax Return (ITR) or BIR Form 2316 for the last 3 years
  • Updated Certificate of Employment (COE) indicating Salary, Position and Tenure

If self-employed

  • Photocopy of BIR-stamped financial statements for the last 3 years (audited and interim)
  • Bank statements for the past 3-6 months

 Collateral Documents 

  • Copy of Transfer Certificate of Title and/or Condominium Certificate of Title (Owner’s Duplicate Copy)
    Updated Tax Declaration
  • Appraisal Fee
    Vicinity Map/ Location plan/ Lot plan and Bill of Materials (if for construction)


Other Applicable Supporting Documents

  • List of Suppliers/Customers with contact person, telephone no., and address
  • List of past and ongoing projects
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