Agricultural Lending Checklist

Agricultural Lending Checklist

The following checklist will expedite the initial loan interview process by providing essential information for NBT loan officers to evaluate your request.
 

1. Farm Financial Statement/Loan Application (including personal data on all business members)

• Deposit Account Worksheet
• Machinery Inventory Worksheet 
• Payable/Receivable List

2. Organizational Documents with Filing Receipts, i.e. Assumed Name Certificate (DBA), Certificate of Incorporation or Articles of Incorporation, Articles of Organization, Partnership Agreement, Certificate of Limited Partnership.
    
3. Federal Income Tax Returns — 3 Years (Company and Personal) 
    
4. Income and Expense Projection — 12 Month
    
5. Loan Request — Purpose, Amount, Collateral Available
    
6. Experience — Education/Employment
    
7. Brief Description of Business/ Business Plan 
    
8. Last 3 years Production History (Milk Shipped, Crop Yields)

Download our Agricultural Lending Application Checklist PDF

 

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