Bank loan

The Income Tax Return of the Partnership Firm will be required for obtaining a Loan from the Bank.

Regards,

Devendra Kulkarni

Yes,Partners' personal returns are also demanded by Bank for documentation.

Liability of partners is unlimited towards the dues of partnershipfirm. While assessing the worth of firm, bank would like to assess the net worth of the partners and existing liabilities of partners to ensure repayment of loan and that no additional liabilities on the partners. Even CIBIL of all the partners will also be checked by the bank.

so partner's personal return will be required by the bank. In almost all the banks same guidelines are followed.

i am frm Gujarat we do LOAN CONSULTING work in here,i have requierment of CMA DATA and PROJECT REPORT of above 1cr.,then anyone to interested to make so contact me on my email id,of course i am not make in free,my email id is sachaniyafenil @ yahoo.com