Business Loan Checklist


HVFCU offers the financing you need to expand, improve, or refinance your business.

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 Business Loan Application
  • Completed and signed Personal Financial Statement
  • Business Financial Statement – Balance Sheet, Profit, & Loss Statement (last two years)
  • Signed Personal Federal Tax Returns with all attached schedules (last two years)
  • Signed Business Tax Returns with all attached schedules (last two years)

The following documents may be required:

  • Accounts Receivable Aging Report
  • Accounts Payable Aging Report
  • Inventory Listing
  • Equipment Listing
  • Copy of Environmental Report
  • Copy of Appraisal
  • Copy of Deed
  • Copy of Purchase and Sales Agreement
  • Corporation/Partnership/Trust Agreement Documents
  • Certificate of Existence or Trade Name Certificate if Sole Proprietorship
  • Written explanation of any previous credit problems
  • Leases: Self, Tenants, or Other

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

    © 2014 Hudson Valley Federal Credit Union

    159 Barnegat Rd. Poughkeepsie, NY 12601
    ph: 845.463.3011 / 800.468.3011

    Routing Number : 221979363