What documents are needed for a business loan?
The core package: the entrepreneur's/director's ID, tax ID and registration documents (charter and founders' resolution for a legal entity), bank statements for the last 6–12 months, tax returns and a no-tax-debt certificate, a lease or ownership document for the premises, collateral documents (if any) and a calculation showing the loan's purpose. For larger amounts, financial statements and a business plan are added.
For a business loan the document package falls into three tiers by amount: micro (up to 10,000 AZN, almost like a consumer loan, based on turnover), small (10,000–100,000 AZN, tax and bank history) and medium/large (over 100,000 AZN, full financial statements, business plan, collateral). Incomplete documents are the most common reason for rejection. Below we give the exact list for each tier and preparation advice.
What you need
- 1 Identity and registration: ID, tax ID, charter and state register extract for a legal entity, director's appointment
- 2 Financials: 6–12 months of bank statements, tax returns, no-tax-debt certificate, balance sheet and P&L for large amounts
- 3 Operations: lease or ownership document, licence/permit where required, key contracts
- 4 Security: collateral title documents and valuation, guarantor documents or a guarantee letter
Bank offers that fit this case
| Bank | Loan | Rate | Term | |
|---|---|---|---|---|
Yelo Bank
|
Yelo Bank Biznes Kredit | 8.9% | 59 mo. | Details |
Unibank
|
UniBank Biznes Kredit | 9% | 60 mo. | Details |
Rabitəbank
|
Rabitəbank Biznes Kredit | 10.5% | 48 mo. | Details |
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Kapital Bank
|
Kapital Bank Biznes Kredit | 12% | 60 mo. | Details |
ABB Bank
|
ABB Biznes Kredit | 15% | 48 mo. | Details |
Access bank
|
AccessBank Biznes Kredit | 18% | 48 mo. | Details |
Expressbank
|
Expressbank Biznes Kredit | 15% | 48 mo. | Details |
Sample calculation
Estimated figures for 30 000 AZN over 36 months at ~8.9% effective rate. The exact number depends on the bank.
How to apply?
What to watch for?
- ✓ Get the no-tax-debt certificate from the electronic cabinet right away; even a small debt halts the application, so clear it first.
- ✓ You need not request a statement from the lending bank itself; it sees its own system. From another bank an official stamped statement is required.
- ✓ Document the loan's purpose (a pro-forma invoice for equipment, a supplier contract for goods); purpose-tied loans carry lower rates.
- ✓ If the collateral owner differs from the borrower, the owner's notarised consent is required.
Frequently asked questions
What financial documents does a simplified-tax payer provide?
Quarterly simplified-tax returns and payment receipts. The bank cross-checks them against account turnover; the figures must be consistent.
From what amount is a business plan required?
At commercial banks usually for investment loans above 50,000–100,000 AZN; for state subsidised loans at any amount.
How long does document review take?
Micro loans 1–3 days, small loans 1–2 weeks, secured and large loans 3–6 weeks. An incomplete package is the biggest cause of delay.
Related questions
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