Required Financial Information

• A completed and signed application. Click here to complete a preliminary application online.
• Current financial statement and the three most recent annual financial statements.
• Signed tax returns from the last four years.
• Income & expense projections for the next year.
• Production history.
• Machinery & equipment list.
• Complete creditor list.
• Brief description of property.
• Narrative of farming operations.

Credit Criteria

• Customer should have a proforma Debt/Asset ratio of 50% or better.
• Customer should have at least a 25% margin above all debt service and family living expenses.
• Loan to value maximum of 70%
• Collateral for farms and ranches should be able to generate sufficient cash flow to service the mortgage.

Appraisal Information

• Appraisal from a state-certified appraiser dated within the past year.
• Approved by 1st Western Group, Inc.