What Information do I Need to Provide to the Bank When Applying for a Business Loan?

Gallagher keane (23)
Business / Tips

What Information do I Need to Provide to the Bank When Applying for a Business Loan?

When it comes to applying for a business loan, thorough preparation is key to success. To ensure a smooth and successful loan application process, you need to provide the bank with comprehensive information about your company and its financials. Here’s a breakdown of the essential information you’ll need to gather:

Company Biography and Profile:

  • History & Business Model: Provide a concise overview of your company’s history and its business model. If you’re acquiring a new business, include background information on the acquisition target.
  • Proposed Structure and Step Plan: Outline your proposed structure for the acquisition of the business, along with a step-by-step plan for execution.
  • Sources and Uses of Funds: Clearly articulate where the funds for the acquisition will come from and how they will be utilised.
  • Management Bio: Include bios of the purchasers involved in the acquisition, along with a strategic plan for the business highlighting key management roles.


  • Audited Accounts: Present audited financial statements for the past three years to provide a comprehensive financial history of your company.
  • Management Accounts: Include the most up-to-date management accounts to reflect your current financial position.
  • Projections: Prepare profit and loss (P&L) and balance sheet projections for the next three years, including the current year. Additionally, provide detailed cash flow projections for the next 12 months.
  • Capital Expenditure: Detail your capital expenditure spend over the past three years and project it for the next three years.
  • Debtors & Creditors Listing: Provide an up-to-date listing of debtors and creditors to give insight into your company’s financial obligations.
  • Supply Contracts: Include a list of current supply contracts in place for customers to demonstrate revenue stability.
  • Revenue Streams: Break down various revenue streams and conduct a gross margin analysis for each stream over the past three years.
  • Product/Sales Mix: Confirm your product/sales mix to provide clarity on your revenue sources.

Key Competitors in the Market:

  • Competitor Analysis: Identify key competitors in your market and explain how your business differentiates itself from them. Highlight your competitive advantages and unique selling propositions.


Contact us:

At Gallagher Keane, our dedicated team of professionals is committed to providing business owners with valuable support. We take care of various administrative tasks, forecasting, and accounting management on behalf of your organisation.