Commercial Lending Readiness Checklist

Essential Steps to Prepare for a Successful Business Loan Application

By Property and Business Loans

1. Loan Purpose

Clearly defined reason for funding

(e.g. commercial property purchase, fit-out, business expansion, working capital)

2. Financial Documentation

Profit & Loss Statement – past 2 years

Balance Sheet – past 2 years

Cash Flow Statement – past 12–24 months

Most recent BAS and ATO tax returns

3. Business Profile & Strategy

Business plan or executive summary

Details of products/services offered

Overview of growth plans and key milestones

4. Personal Financials

Personal Assets & Liabilities Statement for all directors/guarantors

Personal tax returns for last 2 years

Any significant changes to income or wealth position

5. Existing Loan Commitments

List of business and personal liabilities

Repayment schedules and interest rates

6. Serviceability Evidence

Cash flow projections for next 12 months

Demonstration of how the loan will be repaid

Past bank statements (3–6 months)

7. Security Property (if applicable)

Property details: address, type, value

Contract of sale or recent valuation

Existing leases or rent roll

8. Tenancy or Lease Documents

Lease agreements for business premises

Tenancy schedule if purchasing tenanted property

9. Business Structure & Legal

Company ACN / ABN

Trust deed (if using a trust)

Company constitution and ASIC details

10. Identification

Valid driver’s license and/or passport for all key individuals

Entity verification documents

11. Credit Check & Consent

Consent for broker/lender to access credit history

Understanding of how credit score impacts loan options

12. Exit Strategy

Clear plan for loan repayment at end of term

(e.g. refinance, asset sale, profit/income-based repayment)

TIP: The better prepared you are, the faster your loan can be assessed and approved — and often with better rates and terms.

Want personalised help getting your deal funded?

Contact us hello@pbloans.com.au