To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that Identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifiing documents.
What you'll need to apply for business credit:
When applying for credit, we are required by law to verify your business as well as the individuals associated with your business. If your business has more than one owner or key executive with authority and control, it is preferred that they are all present when applying. If this is not possible, then you may be provided with the required forms that must be completed and notarized by each individual not present. Your application cannot be taken until all forms have been returned by the owner or key executive, who is opening the account at the branch.
You will be asked to complete and sign documentation that includes:
- Information about your business.
- Information about the owners of your business.
- If applicable, entities with ownership of your business.
- An individual with significant management responsibility of your business.
- Your authorization for us to check your credit (no impact to credit score).
You will be asked to provide the following documentation:
A document to verify your business is registered with a government agency, such as Secretary of State or other state/county agency. When applying online, we may ask you to upload this document.
If your business is not registered with a government agency, the list below will help you determine which document is needed based on your legal business structure.
If the document you provide to verify your business does not accurately reflect the physical address of your business, you will need to provide additional documentation for address verification.
Sole Proprietor
If the business name does not include the legal last name of the owner, you will need one of the following original or certified business documents:
- Fictitious Name Certificate/Statement
- Certificate of Assumed Name
- Business License
- Registration of Trade Name
For example: If the owner’s legal name is Janet Johnson, and the business name is Janet Jewelry, you will need the additional documentation. However, if the business name is Johnson Jewelry, you will not.
Partnerships
General Partnership
You will need one of the following original or certified business documents:
- Partnership Agreement
- Fictitious Name Certificate/Statement
- Certificate of Assumed Name
- Business License
- Business Registration
- Statement of Partnership
If you do not have one of the documents noted above and you have not filed the appropriate documents with a government agency, bring a written statement signed by all owners indicating no written Partnership Agreement exists.
Limited Partnership
You will need one of the following original or certified business documents:
- Certificate of Limited Partnership
- Limited Partnership document
- Form of Limited Partnership Agreement
- Partnership Fictitious Name Certificate
- Subsequent Appointment of Statutory Agent
- Limited Partnership Registration
- Statement of Qualification
- Certificate of Formation
Limited Liability Partnership
You will need one of the following original or certified business documents:
- Statement of Qualification
- Limited Liability Partnership Election
- Limited Liability Partnership Registration
- Statement of Registration as a limited liability partnership
- Certificate of Limited Liability Partnership
- Articles of Registration
- Certificate of Registration
Limited Liability Company
You will need one of the following original or certified business documents:
- Articles of Organization
- Certificate of Organization
- Certificate of Formation
Corporation
You will need one of the following original or certified business documents:
- Articles of Incorporation
- Certificate of Good Standing
- Certificate of Formation
- Articles of Organization
- Certificate of Incorporation
Social/Recreational Clubs, Unincorporated Associations and Civic Groups
You will need one of the following original or certified business documents:
- Business License
- Fictitious Name Certificate
- Fictitious Name Statement
- Certificate of Assumed Name
- Organization/Association Articles or Bylaws
- Certificate of Formation
- Certificate of Organization
- Statement of Organization
- Certificate of Good Standing
- Certificate of Registration
If you do not have one of the above or comparable documentation issued by a government agency, please provide governing documentation for your entity, such as meeting minutes documented on business letterhead. This document must contain the following:
- Meeting date
- Name of the business
- Address of the business
- Date the entity was originally established
