Loan Application Checklist
Checklist
Personal & Contact Information
When it’s needed: Required for all applicants
Why it’s needed: We need this information to verify your identity and establish your borrower profile.
What to include:
Legal name, address, phone, email
Social Security Number or Tax ID
Employment or business background
Tip: Avoid incomplete contact details or mismatched names across documents.
Operation Details
When it’s needed: Required for all applicants
Why it’s needed: These details help us understand how your operation functions and generates income.
What to include:
Description of your operation (type, size, location)
Production history and plans
Business plan (especially for new operations)
Tip: Be clear and realistic about current and projected performance.
Financial Statements & Documents
When it’s needed: Required for all applicants
Why it’s needed: These documents are crucial to evaluate financial health, repayment ability, and risk.
What to include:
Balance sheet (assets and liabilities)
Income statement or cash flow history
Tax returns (typically 2 to 3 years)
Tip: Allow 1 to 2 weeks to gather and organize. Accepted formats include PDF, Excel, or standard accounting reports.
Tip: Double check financial information is complete and up-to-date before submitting.
Insurance & Risk Information
When it’s needed: May be required based on loan type
Why it’s needed: This information helps us understand how your operation is protected against variability and volatility.
What to include:
Crop insurance coverage
Property or liability insurance
Risk management strategies
Entity Documents Required
When it’s needed: Required for entities (LLCs, partnerships, corporations)
Why it’s needed: These documents allow us to verify your operation’s legal structure and authority.
What to include:
Articles of incorporation or organization
Operating agreements
Ownership structure documentation
Verification Documents
When it’s needed: These documents may be requested later
Why it’s needed: We use this information to confirm details during underwriting or prior to closing.
What to include:
Bank statements
Appraisals
Titles or deeds
Lease agreements
What to Expect When Applying for an Agricultural Loan
We focus on getting all information up front and keeping you in the loop with the progress of your application. Here’s what you can expect when working with one of our expert loan officers:
You’ll hear from a member of our lending team shortly after submitting your application.
Your loan officer will stay in regular communication.
We focus on gathering information early to avoid delays later.
You’ll always know where your application stands.
Helpful guidance:
Start early, especially ahead of planting or major purchases.
Don’t wait until everything is perfect. Your loan officer can help you fill gaps.
Ask questions at any point. We’re here to walk through it with you.
Ready to talk? Reach out to speak with a loan officer.
