What You'll Need to Apply
Business Loans:
When applying for a business loan, State Bank of Herscher, generally requires the following information to process an application and originate a loan:
- Completed application
- Most recent 3 years of full business tax returns and financial statements must be provided. If most recent financial year-end taxes are on extension, please provide a Form 4868.
- A year-to-date Income Statement and balance sheet
- 2 years of personal tax returns for any persons owning 25% or more of the business or any persons guaranteeing the loan
- Personal financial statement (PFS) for any persons owning 25% or more of the business or any persons guaranteeing the loan
You will need to download Adobe Acrobat Reader to access these documents.
Commercial Real Estate (CRE) Loans:
When applying for a Commercial Real Estate loan with State Bank of Herscher, the Bank generally requires the following information to process an application and originate a loan:
- Completed application
- If loan is for a purchase, please provide the purchase contract if in place. If loan is for a refinance, please provide a current mortgage statement.
- Most recent 3 years of full business tax returns and financial statements must be provided. If most recent financial year-end taxes are on extension, please provide a Form 4868.
- A year-to-date Income Statement and balance sheet
- If the property is leased, please provide a copy of current lease.
- Rent rolls for all rental properties owned
- 2 years of personal tax returns for any persons owning 25% or more of the business or any persons guaranteeing the loan
- Personal financial statement (PFS) for any persons owning 25% or more of the business or any persons guaranteeing the loan
You will need to download Adobe Acrobat Reader to access these documents.
Agribusiness Loans
When applying for a Agribusiness loan,State Bank of Herscher, generally requires the following information to process an application and originate a loan:
- Completed application
- Most recent 3 years of full personal tax returns. If most recent financial year-end taxes are on extension, please provide a Form 4868.
- If farm operation is a partnership, S-Corp, or C-Corp, provide most recent 3 years tax returns with all schedules
- A current AG financial statement and current year projected cash flow
You will need to download Adobe Acrobat Reader to access these documents.
