As a responsible lender, we want to ensure that you can meet the loan repayments. Loan repayments are met from cashflow not profits and seeing your latest bank statements helps us to assess whether your business is generating enough money to repay the loan. It also helps us to see how you conduct your account. We would not expect to see bounced cheques or returned direct debits but appreciate that sometimes this happens and would require a good explanation for such occurrences.