Frequently Asked Questions about
Business Accounts
BUSINESS ACCOUNTS
How can I become a Business Member at DuGood?
You can become a Business Member by opening a Business Savings Account with just $5. Business formation documents are needed to open the account.
What types of Business Accounts does DuGood offer?
DuGood offers several different kinds of Business Accounts:
- Sole Proprietorship
- Partnership
- Corporation (Profit)
- Corporation (Non-Profit)
- Limited Liability Company (LLC)
- Association/Organization Accounts (Non-Profit)
Will DuGood sell my Business Loan to another institution?
Unlike other financial institutions, all our Business Loan decisions are made and serviced locally, right here at the credit union. We will not sell your loan to another lender.
What types of services can DuGood offer my business?
DuGood is pleased to offer the following services for businesses:
- Savings
- Certificates
- Business Checking (with dividends)
- Debit Cards
- Money Market Accounts
- Merchant debit and credit cards services
- Health Savings Accounts
We also offer the following business lending services:
- Corporate Credit Cards
- Lines of Credit
- Equipment and Machinery Loans
- Fleet vehicles
- Commercial Real Estate Loans
- and more
What documents and forms will be needed to apply for a business loan?
The following documents will be needed when applying for a DuGood business loan:
- Business Application
- Personal Financial Statement
- Business Debt Schedule
- Articles of incorporation, Assumed Name Certificate, Partnership Agreements, Corporate Resolution, etc.
- Name of business owners and percent of ownership
- Last three years of filed business personal tax returns
- Last three years of balance sheets and income statements