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| Required Documentation for Business Loans |
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| To Purchase or Refinance Properties |
- Rental property worksheet (PDF) - click here to get Adobe Reader
- Two years income tax and pay stub documentation
- Mortgage application
- Copy of purchase offer if applicable
- Partnership, Corporation, LLC documents if applicable
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| To Purchase Equipment or Vehicles |
- Balance sheet
- Recent profit and loss statement
- Two years income tax documentation
- Copy of purchase contract or other identification of items to be purchased including year, make, model, vehicle identification #, etc.
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| To Purchase a Business |
- Three years personal income tax documentation
- Three years income tax documentation
- Personal balance sheet
- Business plan to include projections
- Copy of purchase agreement
- Partnership, corporation, LLC documents if applicable
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| To Refinance a Business |
- Three years personal and business federal income tax documentation
- Personal balance sheet and business balance sheets
- Business Plan
- Partnership, corporation, LLC documents if applicable
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| Working Capital Needs |
- Same as to refinance a business
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The First National Bank of Groton
P.O. Box 38, 161 Main Street, Groton, NY 13073 • 41 S. Main Street, Moravia, NY 13118
(607) 898-5871 • (315) 497-2707
Buzz: (607) 898-9700 • (315) 497-2200 |