LOCAL DECISION MAKING

When applying for a business loan with Sidney Federal Credit Union feel comfortable knowing that the loan approval will be made locally by SFCU’s lending staff who knows you and your company.

GENERAL INFORMATION

• Loan to value will vary depending on the loan structure and collateral
• The Credit Union requires most member business loans to be secured
• NCUA rules & regulations require all principals and/or majority shareholders to guaranty all loans

FINANCIAL & SUPPLEMENTAL INFORMATION REQUIREMENTS

• 3 years of business tax returns, including all attachments and schedules
• Interim financial statements, balance sheet and income statement dated within 90 days of application
• 3 years of personal tax returns on all principals and guarantors, including all attachments and schedules
• Current Individual Financial Statements
• Additional information may be required