Rapid Capital: A simple application and three months business bank statements
Them:
Business plan: A detailed plan outlining your business objectives, strategies, and financial projections.
Financial statements: These include balance sheets, income statements, and cash flow statements for at least the past two years.
Tax returns: Business and personal tax returns for the past two years.
Bank statements: Bank statements for at least the past six months.
Business licenses and permits: Documentation to show that your business is authorized to operate in your state or municipality.
Collateral documentation: Information on the assets you are willing to use as collateral for the loan.
Personal identification: Personal identification documents, such as a driver’s license or passport.
Credit history: A credit report for the business and the business owner(s).