Business Solutions
Banking solutions designed to help Wisconsin businesses grow.
What Business Solutions Does Educators Credit Union Offer?
We offer banking, lending and financial services designed to help businesses manage:
- Everyday operations
- Improve cash flow
- Plan for future growth
Whether you’re starting a new business, expanding an established company or managing day-to-day finances, our team provides products and services to support every stage of your business.
Explore options such as...
- Business banking
- Business loans
- Online banking
- Payment solutions
- Financial tools designed for businesses throughout Milwaukee, Racine, Kenosha, Janesville and surrounding communities
How Can We Support You?
Choose your banking path:
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Banking
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Financing
- Small Business Loans
- Equipment Financing
- Vehicle Financing
- Lines of Credit
Explore these options:
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Digital Banking
- Online & Mobile Banking
- ACH
- Wire Transfers
- Payroll
- Bill Pay
Find out more about:
Businesses We Serve
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Small Businesses
With flexible banking options and financing, we help small businesses grow and manage their finances with confidence.
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Nonprofits
We support nonprofits with affordable banking services and financial solutions that help maximize resources and further their mission.
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Startups
We offer business accounts, lending options and financial guidance to help startups build a strong foundation for long-term success.
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Contractors
We provide contractors with business checking, equipment financing and lending solutions to keep projects moving and cash flow on track.
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Manufacturers
We deliver customized banking and financing services that help manufacturers invest in growth and operate efficiently.
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Retail Businesses
We enable retailers to find success for long-term growth with checking accounts, loan options and online services.
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Restaurant
We help restaurants manage cash flow, process payments and access financing with banking solutions designed to fit their needs.
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Professional Services
We enable these firms to operate efficiently and serve their clients with confidence.
Questions About Our Business Solutions
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What documents are needed to open a business account?
What documents are needed to open a business account?
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Can I finance equipment or commercial property?
Can I finance equipment or commercial property?
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Are wires and ACH available through business digital banking?
Are wires and ACH available through business digital banking?
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Am I able to open a business account virtually or online?
Am I able to open a business account virtually or online?
Answer
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What documents are needed to open a business account?
To open any business savings account you must have:
- Your Social Security Number or Individual Tax Identification Number
- An official document with your Employer Identification Number
- All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes
- Name
- Address
- Date of Birth
- Social Security Number
- Valid ID with current address
Business Documentation:
- For Corporations: Articles of Incorporation
- For Limited Liability Companies (LLC): Articles of Organization
- For Partnerships: Partnership Agreement
- For Tax-Exempt Organizations: Organizational Bylaws or Meeting Minutes
A $5 minimum deposit that represents your ownership share of the credit union.
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Can I finance equipment or commercial property?
Yes! To apply for a business loan, you need:
- Tax returns for the business for the previous three years
- Tax returns for any business owners for the previous three years
- Entity Documentation (i.e., Articles of Organization/Incorporation, Partnership Agreement, Bylaws, etc.)
- Collateral information (e.g., purchase agreement, a copy of the title, etc.)
Although a business plan isn't a requirement for a business loan application, a well-prepared business plan can help during the underwriting process. Keep in mind that this list is not exhaustive, and more items may be requested as underwriting commences.
If you have questions about Small Business Loans, contact a Business Development Office at 262-886-5900 or stop in at any Educators branch location for more information.
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Are wires and ACH available through business digital banking?
Yes! These services are offered through your Online Business Banking Profile if enrolled in our premium package. Subject to approval and fees.
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Am I able to open a business account virtually or online?
To open a business account please visit one of our locations. If you have any questions regarding business accounts please contact us at 262-886-5900.