Lenders want to understand three things: the business you're buying, you as the buyer, and the deal. Your advisor will confirm exactly what's needed for your case.
About the business you're buying
- the information memorandum, if there is one
- its filed accounts, usually for the last two or three years, and recent management accounts
- details of its customers, staff, property and any existing borrowing
About you
- your CV, showing your sector experience
- your personal financial position, including where your contribution is coming from
- ID and proof of address
About the deal
- the agreed price and how it's structured, including any vendor finance
- heads of terms, once agreed
- a business plan and cash flow forecast for the business after the purchase
- details of the company you're buying through
Later in the process
The lender's due diligence will ask for more: contracts, leases, tax information and legal reports. See What due diligence will a lender expect when I buy a business?.
Get it ready early
Having the target's numbers and your own financial position ready is one of the biggest things that shortens the timeline. See How long does it take to buy a business with finance?.
Last reviewed: 8 October 2026