Good-Person
Captain Junkie
The documents are very necessary to validate every information you have provided in the loan application form which you filled and submitted. If they make it easy to get the loans without detailed information and documentations, there will lots of mismanagement in loans given out.
When it comes to starting a business in a developed country, things could be much harder. You may not even get a loan easily because most of the countries require you to have enough capital in order to start a business.