Business Digital Solutions​

Open accounts and apply for commercial credit online

Business Digital Solutions​

 

Open accounts and apply for commercial credit online

Business Digital Solutions​

Open accounts and apply for commercial credit online

Our platform provides an innovative and secure system designed to open deposit accounts and apply for commercial credit in one place. You can  complete your application, upload documents, sign documents and check the status of your application at any time.​

 

​Are you ready? Keep browsing to see more details about the requirements and available products that you can apply for today.​

 

​If you have already completed your application, check your status here. For information, please contact  787-282-6384.

Our platform provides an innovative and secure system designed to open deposit accounts and apply for commercial credit in one place. You can  complete your application, upload documents, sign documents and check the status of your application at any time.​

 

​Are you ready? Keep browsing to see more details about the requirements and available products that you can apply for today.​

 

​If you have already completed your application, check the status here. For additional information, contact us at  787-282-6384.

Accounts for your business

a

A checking account for professionals or entrepreneurs (DBA)

BFirst Account¹
  • $0 opening deposit
  • A $3 monthly service fee will apply if the average balance combined in checking and savings section is less than $500
  • A checking module for managing daily transactions
  • Ready to open your account? Check the help guide here

 

a

An account with an investment module and a line of credit

Business Plus Account¹

 

  • $0 opening deposit
  • A $10 monthly service fee will apply if the average balance combined in checking and savings section is less than $2,000 for DBA and $2,500 for corporate
  • A checking module for managing daily transactions
  • Ready to open your account? Check the help guide here

Make sure you have the following documents available before starting the process.

 

Valid ID with photo, such as: 

 

  • Driver's license

  • Passport

  • Military ID

  • Government ID

In addition, the following documents:

 

  • Commercial Register 

  • Municipal License 

  • Utility bill

 

Additional requirements per legal entities:

 

Limited Liability Company (LLC)

 

  • Certificate of Incorporation 

  • Articles of Incorporation 

  • Operating Agreement

 

Corporation

 

  • Certificate of Incorporation 

  • Articles of Incorporation 

  • Bylaws

Commercial credit for your business

a

Term Loans²

 

  • Request up to $1 million ​
  • Financing for inventory and equipment purchases, improvements, and working capital ​

  • Payments through direct debit from the commercial account​

  • Alternative of guarantees under regular programs or SBA Express ​

  • Terms of up to 5 years with a fixed rate​

  • Review businesses not eligible to apply for SBA Express​

  • Ready to apply? Check the help guide here​

a

Lines of Credit²

 
  • Alternative of guarantees under regular programs or SBA Express ​
  • Linked to your commercial account to provide financing for working capital up to $250,000
  • Review businesses not eligible to apply for SBA Express​
  • Ready to apply? Check the help guide here​

Make sure you have the following documents available before starting the process.
  • Business tax returns for the last 2 years or financial statements prepared by a CPA3

  • Interim financial statements (if the latest statement is more than 6 months old)

  • Personal financial statement that is recent, as of the date of origination

  • Business background or plan
  • Corporate documents, as applicable, depending on the legal entity

Additional requirements for loans under the SBA Express program​

Businesses not eligible for SBA Express:

  • Businesses related to the cannabis industry

  • Non-profit organizations

  • Businesses involved in lending activities

  • Investment businesses in general

  • Life insurance companies (some exceptions may apply)

  • Passive businesses (commercial and residential property rentals in general)

  • Businesses that rent or lease land for telephone towers, billboards, solar panels and turbines (businesses that operate this equipment may be eligible)

  • Pyramid or multi-level marketing businesses

  • Businesses geared towards a single sex (ex. women-only gyms)

  • Businesses dedicated to gambling or illegal activities

  • Government entities or companies

  • Businesses that promote religion or political parties

  • Businesses that conflict with the SBA (SBA Loan Packaging)

  • Businesses of a sexual nature or that sell sexual material

  • Businesses dedicated exclusively to the sale of alcohol

  • Businesses dedicated to agriculture

 

Member FDIC. 1Certain terms and conditions apply. Only for customers in Puerto Rico. 2Subject to credit approval and other terms and conditions. In case of refinancing, only commercial debts will be considered and evidence that is acceptable to the bank will be required. Multi-purpose loan, weighted average will be used to determine maximum. Assets acquired or improvements made with the loan funds will also be taken as guaranty. Other restrictions apply, on construction or improvements to commercial buildings. Other purposes may qualify. For cases under the SBA Express program, the parameters may vary as determined by the Federal Agency; for more information, please visit sba.gov. 3For loan applications greater than $500,000, business tax returns for the last 3 years or financial statements compiled by a CPA are required.

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