What documents are required to access a fast line of credit with collateral for my business?
We only need a few documents. These are:
➤⠀copy of the last two balance sheets (half-yearly, annual);
➤⠀legal-constitutional approval of the credit agreement and the persons authorised to represent the company;
➤⠀documents relating to the proposed collateral (title deeds and documents relating to the legal status of the real estate proposed as security for the requested credit; valuation/revaluation report, contracts, etc.).
The latter only if the credit is secured by collateral. 😊
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