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Required Documentation for Business Loans
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
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.
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
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
Working Capital Needs
  • Same as to refinance a business
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    Each depositor insured to at least $100,000
    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