Here is a typical list of documents that you will be required to sign and submit while you request any bank for a business loan.
There are several documents which you be handed over to put your signatures on. Normally these forms are strange when you look at them for the first time but to make them familiar here is description of each of the documents you will be required to sign.
Loan Agreement
Loan agreement will describe the terms and conditions of the loan. Loan agreement includes representations ,covenants, and warranties (promises)of the borrower. To be more precise
Representations
Representations are statements of fact or declarations made by one party in a contract. An example of a representation by a seller might be that all Property against the seller have been disclosed.
