Essential Business Documents

Business Registration and Legal Structure: You'll need proof of your business registration, including your Articles of Incorporation or LLC formation documents. Swish Funding requires that you be a registered limited business to qualify for their loans. Include your Employer Identification Number (EIN) and any relevant business licenses or permits that demonstrate your legal authority to operate.

Business Tax Returns: Prepare your business tax returns for at least the past two years. These documents provide lenders with a comprehensive view of your business's financial performance, revenue trends, and profitability over time. Tax returns help verify the income figures you report on your application and demonstrate consistent business operations.

Financial Statements: Current profit and loss statements, balance sheets, and cash flow statements are crucial for showing your business's recent financial performance. You'll need evidence of proven profitability in your most recent set of accounts to meet Swish Funding's eligibility requirements. These statements should be prepared by a qualified accountant and cover at least the past 12 months of operations.

Banking Documentation

Business Bank Statements: Recent business bank statements are among the most critical documents for Swish Funding's cash flow-based lending approach. Typically, you'll need three to six months of recent statements showing consistent deposits, business expenses, and overall account management. You'll need bank statements as evidence of proven profitability along with your account records.

These statements help lenders understand your daily cash flow patterns, seasonal fluctuations, and overall financial stability. Ensure your statements clearly show business income rather than personal deposits, as this strengthens your application.

Bank Account Information: Provide complete banking information including account numbers, routing numbers, and bank contact details. Some lenders may want to verify account ownership directly with your bank, so having complete and accurate information ready expedites this process.

Business Operations Documentation

Business Plan or Overview: While not always required, a concise business plan or executive summary can strengthen your application. This document should outline your business model, target market, revenue sources, and how you plan to use the loan funds. Keep it focused and professional, typically no more than 2-3 pages.

Accounts Receivable and Payable: If applicable, provide aging reports for accounts receivable and payable. This information helps lenders understand your working capital needs and cash flow timing, which is particularly important for businesses with longer payment cycles.

Commercial Lease or Property Documentation: Include your commercial lease agreement or property ownership documents to verify your business location and operational stability. This also helps establish your business's legitimacy and permanence.

Personal Documentation for Guarantors

Personal Financial Statements: Business owners typically need to provide personal financial statements, especially when personally guaranteeing the loan. These should include assets, liabilities, income, and expenses to demonstrate your personal financial capacity.

Personal Credit Authorization: You'll likely need to authorize personal credit checks for all business owners with significant ownership stakes (typically 20% or more). While Swish Funding may be more flexible with credit requirements than traditional banks, they still need to assess personal creditworthiness.

Personal Tax Returns: Recent personal tax returns (usually past two years) may be required, particularly for businesses where personal and business finances are closely intertwined, such as sole proprietorships or small LLCs.

Additional Supporting Documents

Trade References: Supplier and vendor references can strengthen your application by demonstrating established business relationships and payment history. Include contact information for key suppliers who can verify your business operations and payment reliability.

Insurance Documentation: Provide proof of business insurance coverage, including general liability and any industry-specific insurance requirements. This demonstrates risk management and business professionalism.

Industry-Specific Documents: Depending on your business type, you may need additional documentation such as professional licenses, permits, certifications, or regulatory compliance documents.

Preparing Your Documentation Package

Organization and Presentation: Organize all documents clearly with labels and ensure everything is current and complete. Incomplete documentation can delay approval or result in rejection, so double-check that all information is accurate and up-to-date.

Digital Copies: Since Swish Funding uses a fast, online process, ensure all documents are available in digital format. Scan physical documents at high resolution to ensure readability.

Consistency Across Documents: Verify that business names, addresses, and financial figures are consistent across all documents. Discrepancies can raise red flags and slow down the approval process.

Timeline Considerations

You'll need 12 months of trading history to be eligible, so ensure your documentation covers this minimum period. Having documents ready before applying can help you take advantage of Swish Funding's quick approval process with funding in as little as 48 hours.

The key to success with Swish Funding is presenting a complete, organized package that clearly demonstrates your business's financial stability and growth potential. By preparing these documents thoroughly, you position your application for quick approval and favorable terms that can help accelerate your business growth.