Typical requirements include 2 years of financial statements, recent management accounts, bank statements (6 months), tax returns, business registration documents, and a business plan for larger loans. Newer businesses may need additional documentation like cash flow projections and personal financial statements. The exact requirements vary by lender and loan type – we provide a complete checklist once we understand your needs.

We can often get funding decisions within 48 hours for straightforward applications. More complex loans or larger amounts may take 1-2 weeks. The timeline depends on your documentation readiness, business complexity, and lender requirements. We work with multiple lenders to find the fastest approval path for your situation.

This depends on the loan amount, your business’s financial strength, and loan type. Smaller loans ($10k-$100k) for established businesses often don’t require specific collateral beyond a personal guarantee. Larger loans typically require business assets, property, or other security. Some lenders offer unsecured options for businesses with strong cash flow and credit history.

Yes, business loan interest is generally tax-deductible when the loan is used for business purposes. This can significantly reduce the effective cost of borrowing. However, the deductibility depends on how the funds are used and your business structure. We recommend consulting with your accountant to understand the specific tax benefits for your situation.