Opening a business account

FIND A BRANCH CALL 1-800-731-2265 REQUEST INFO

Business Banking

Documents you will need

Our goal is to make opening a business account, or applying for a business loan, as easy as possible for you. To help expedite the process, here is a checklist to assist you in determining the items you will need.

To apply for a business loan:

What we need to evaluate your initial loan request:

Details of loan request (dollar amount needed and proposed use of funds)
Last three years of personal and corporate tax returns, with all schedule K-1’s
Personal financial statement from within the last 12 months. You can print or download these PFS forms provided.

Personal Financial Statement

Personal Financial Statement WI Residents Only

For commercial real estate loans, we will also need:

Proposed sources and use of funds
Detail of the size and type of property to be financed
Current rent roll
Copies of all leases
Copy of signed Purchase Agreement
Detailed construction budget (if applicable)

For Small Business Administration loans:

If you are applying for an SBA Loan, please use our SBA Loan Submission Packet. Learn more about our SBA programs.

To open a business checking or savings account:

Please provide the following:

Personal I.D. and professional (business) license
Employment Identification Number (EIN)
Articles of Incorporation and banking resolutions (the paperwork you filed with the state when you first opened your business)

If you have questions about opening a business account or applying for a loan, please talk to a member of our business banking team.

Possible additional items

Depending on your type of business and specific request, additional documents may be needed as we process your request. For example, we may ask you to complete certain forms pertaining to ownership of your company. (Learn more about this in our Business Insights article: What should businesses know about beneficial ownership certification?)

Business Insights

video

Know the various scams used to target businesses

In this video on business email compromise, Crystal Taylor-Baker talks about the various scams that fraudsters use to target businesses and their employees.

blog post

What HSA program is right for your employees?

Finding the right benefits program for your employees doesn't have to be difficult. The HSA Authority works to satisfy the needs of your workforce with a balance of options, ease of use and affordability.

video

How Business Email Compromise targets employees

In this video, Southern Region CEO Sara Miller walks through an example of Business Email Compromise and how employees are targeted. She also provides steps to ensure your business, employee and customer information remains secure.