Questions and Answers

What documents do I need when I am applying for a loan?

I am applying for a loan through the SBCI COVID-19 working capital loan scheme. What documents do I need to get ready?

When applying for the SBCI COVID-19 working capital loan scheme each bank will be slightly different, but we would expect you will need to be ready with the below documents:

A detailed business plan
Management Accounts
Accounts certified/ audited by your accountant
Cashflow Forecast - download a free template here
Aged Debtors Listing
Aged Creditors Listing
Tax Clearance Certificate

Find out more about the loan schemes available to SMEs here

Date Published 15/04/2020

Date published 15 Apr 2020

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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