Business Loan Checklist

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Helping businesses grow here in the Hudson Valley, together, makes us who we are.

As a local financial partner, HVFCU offers comprehensive solutions to help businesses become more efficient and profitable. We have a variety of commercial loan products with low rates and attractive terms, including business lines of credit, term loans, business credit cards and more.

Email us or stop into any of our branches for assistance.

Please refer to the checklist below when applying for a business loan. We ask that you please make copies of all documentation that is submitted, as we retain your submitted paperwork. Additional documentation may be requested during the processing of your loan application.

The following documents are required for all loan requests:

  • Completed and signed Personal Financial Statement for all owners
  • Business Financial Statement – Balance Sheet, Profit, & Loss Statement (last three years)
  • Signed Personal Federal Tax Returns with all attached schedules (last three years)
  • Signed Business Tax Returns with all attached schedules (last three years)
  • Completed and signed IRS Form 4506-T
  • Interim financial statements
  • Documentation of all assets, personal and business
  • Financial projections or business plan
  • Twelve month payment history for current commercial loans not reported on personal credit

The following documents may be required:

  • Accounts Receivable Aging Report
  • Accounts Payable Aging Report
  • Inventory Listing
  • Current Work / Contracts ID
  • Equipment Listing
  • Copy of Environmental Report
  • Copy of Appraisal
  • Copy of current mortgage statement showing outstanding balance (refinances)
  • Copy of Deed, Survey, and Existing Mortgages
  • Copy of Purchase and Sales Agreement, Executed by All Parties
  • Corporation/Partnership/Trust Agreement Documents
  • Certificate of Existence or Trade Name Certificate if Sole Proprietorship
  • Contractors and Cost Estimates of Improvements
  • Written explanation of any previous credit problems
  • Leases: Self, Tenants, or Other
  • Rent Roll
  • Name, Phone Number, and Fax Number for Attorney, Accountant, and Insurance Agent

Please call 845.463.3011, x2270 with any questions you may have about your loan application.

    © 2016 Hudson Valley Federal Credit Union

    PO Box 1071, Poughkeepsie, NY 12602-1071
    ph: 845.463.3011 / 800.468.3011

    Routing Number : 221979363
    HVFCU Prepaid Visa Routing Number: click here

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