What documents are required to apply for a pharmacy loan?

Applying for a pharmacy loan generally involves providing specific documents demonstrating your business's eligibility and financial stability. Below is a typical list of documents required based on the nature of your business entity:

• Bank statements for the last 6 months showing regular business transactions and cash flow
• Proof of business registration such as Goods and Services Tax (GST) registration, trade licence, etc.
• Business PAN card
• Personal PAN card of the applicant/proprietor
• Selfie photograph of the applicant
• For proprietorships: no additional documents are generally required
• For partnerships: partnership deed, identity and address proof of all partners
• For private limited companies and Limited Liability Partnerships (LLPs): certificate of incorporation, partnership deed (for LLPs), identity proof and address proof of directors/partners, financial statements for last 2 years, board resolution for availing loan
• For public limited companies: all documents required for private limited companies, along with additional compliance-related documents pertaining to public limited companies

It’s advisable to check specific requirements with the loan provider, as additional documents like financial statements, tax returns, or GST details might also be needed.