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Commercial Loan supporting documentation 

A key consideration in assessing a proposal is to ascertain that the borrower has the capacity to generate sufficient income to repay the commercial loan and that in this context the cash flow is sufficiently consistent and predictable to provide for timely repayment.

Required to verify income: 

  • – Revenue Commissioners tax assessment for the past Year
  • – 3 recent Payslips including most recent (or other suitable proofs/records) if business owner taking a salary
  • – Two years most recent financial accounts (if available)
  • – Documentation re purpose of the loan
  • – Business & personal bank statements covering the last 6 months

For loans greater than €25,000 and up to €50,000 the following additional information is required:

  • A comprehensive business plan and detailed financial projections (supported by evidence-based assumptions), appropriate for the scale and complexity of the loan. This business plan should include at a minimum:
    • – Executive summary
    • – A company description
    • – Market analysis
    • – Current sector/market position
    • – Staffing and operations
    • – Financial projections including:
    • – Key assumptions
    • – Profit and loss accounts
    • – Balance sheet, and,
    • – Cash flow projections for 3 years
  • Minimum two years financial accounts that clearly set out any existing debt or financial commitments (these should be professionally prepared or/and verified by a competent and relevant professional)
  • Most recent set of management accounts
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