A business loan is a loan taken out with the intention of being used for a specific business purpose. Business loans are either secure or unsecured. Secured loans require the borrower to pledge an asset against the debt. An unsecured loan does not require collateral.

Typical Documents for a Business Loan:
Loan Application
Borrower Disclosure
Bank Statements
Picture ID
Loan Submission Form
Home Owners Insurance
Certificate of Business Purpose
Mortgage Statement for Payoff Information
Purchase Agreement (Contract)

If Corporation:

Articles of Incorporation
Bylaws
Statement of Information
Form W9

If LLC:
Articles of Organization
Statement of Information
Form W9