Get Usda Rd 3560-10 2005-2025

Filling out the USDA RD 3560-10 form online is an important step for borrowers involved in multi-family housing. This guide will provide clear instructions on how to navigate each section of the form, ensuring that you complete it accurately and efficiently.

Follow the steps to successfully complete your USDA RD 3560-10 online.

1. Click 'Get Form' button to obtain the form and open it in your preferred editor.
2. Enter the project name in the designated field at the top of the form. Ensure it reflects the actual name of your multi-family housing project.
3. Input the borrower name in the respective field. Select the accurate name that represents the borrowing entity or individual.
4. Fill out the beginning and ending dates in the provided fields. These should reflect the specific timeframe for which the financial data is relevant.
5. Add the borrower ID and project number, if applicable, to help identify your submission within the USDA system.
6. Complete the assets section starting with current assets. Enter the amount for each category, such as general operating account, tax and insurance account, reserve account, and cash accounts.
7. For accounts receivable, detail the amounts for 0-30 days, 30-60 days, 60-90 days, and over 90 days, and attach a list if necessary.
8. Calculate the total current assets by adding all the listed current asset figures together.
9. Continue to the fixed assets section. List the values for land, buildings, furniture, and equipment, making sure to deduct accumulated depreciation where indicated.
10. Sum the total fixed assets after calculating the deductions for accumulated depreciation.
11. In the other assets section, include any additional assets not listed in previous sections.
12. Add total assets together from current assets, fixed assets, and other assets.
13. Turn to the liabilities and owner's equity section. Fill out the total accounts payable section with the relevant amounts for each payables timeframe.
14. Complete the notes payable and security deposits sections with details as required.
15. Combine current liabilities to arrive at the total current liabilities figure.
16. In the long-term liabilities section, document any long-term notes payable and other liabilities, adding them together.
17. Calculate total liabilities by summing current liabilities and long-term liabilities.
18. Determine owner’s equity by subtracting total liabilities from total assets.
19. Finally, confirm the accuracy of the information entered. After completing the form, you can save changes, download, print, or share the document.

Complete your USDA RD 3560-10 form online now for a smooth submission process.