Getting a business loan in Kenya has become increasingly accessible through commercial banks, SACCOs, and microfinance institutions. But most applications are rejected not because the business isn't viable — but because the financial documentation is incomplete or unconvincing.
What Lenders Look For
1. Financial Statements (2–3 Years)
Profit and loss accounts, balance sheets, and cash flow statements are the foundation of any loan application. Lenders want to see consistent revenue, manageable expenses, and profitability trends.
2. Bank Statements (6–12 Months)
These verify that your stated income is real. Lenders look for regular cash inflows and a stable average balance.
3. KRA Tax Compliance Certificate
Most banks require a current KRA Tax Compliance Certificate (TCC). This proves you're up to date with all tax obligations.
4. Projections and Business Plan
For new or expansion loans, a 3-year financial projection showing how you'll repay the loan is essential. It should be realistic and backed by market data.
5. Collateral Documentation
Title deeds, logbooks, or other acceptable collateral documents must be in order and unencumbered.
Avatechtax prepares professionally compiled financial statements, KRA compliance certificates, and loan application packages that give your application the best possible chance of approval.
