Loan Application

Required Loan Documentation

  • Complete Crop Loan Application Form
    o Tax ID Number for all partnership/corporation owners
    o Expected Crop Mix and Budgets
  • Copies of Driver’s License for all borrowers/guarantors
  • Copies of all current agricultural lease agreements
    o Including legal descriptions
    o Signed by Landlord and Tenant
  • Crop Insurance information
    o APH Report
    o Summary of Coverage/Schedule of Insurance
  • FSA payment information
    o FSA 578’s
    o Verification of any existing Assignment of Payments on file
  • Current Financial Statement signed and dated
    o Equipment list with current values
    o Schedule F from tax return (last 3 years)
  • Copies of all outstanding grain contracts
  • Verification of any other sources of income
    o Custom harvest, haying, cattle
    o W2’s
  • Harvest and Equipment agreements
  • List of all third-party credit
    o Distributor
    o Amount of credit
  • List of all prospective buyers for grain
  • For entity applicants/co-borrowers/guarantors please provide the following relevant
    documentation:
    o Organization documents
     Articles of organization
     Articles of incorporation
     Operating agreement
     Partnership agreement