Upon signature, Divvy will perform a soft inquiry of the business and this person's credit (if applicable) to determine the best credit limit for your business. If you are not the Authorized Signer, you will be able to fill in the information and an email will automatically be sent inviting the Authorized Signer to complete the application. This person will be responsible for signing the Divvy credit application. Phone number (office or mobile preferred) We require the personal information listed below to create their account. This is the individual who will be managing your Divvy account. Note: Not all companies have company owners. Work email - this must be a unique email address that has been assigned to the individual The following information is required for any company owners added during the application process: This helps us prevent identity theft and application fraud. Why do we need this? In accordance with the Bank Secrecy Act’s Customer Due Diligence Rule, we require the personal information listed below to improve financial transparency and prevent criminals and terrorists from misusing companies to disguise illicit activities. Who is this? Company owners, also known as beneficial owners, are any individuals who own 25% or more of a company’s equity interests. Note: You must spend at least 30% of your credit line each month to qualify for rewards. For eligible companies, we also offer the option for cash balance approval.Ĭhoose your Divvy Rewards multipliers by selecting your billing cycle. We also use the linked account for monthly verification that you still qualify for services. Plaid cuts down on documentation required and speeds the application process by allowing us to view your bank balance and transaction history. Secure bank connection This information is needed to create a connection between your business bank account and Divvy via Plaid, a financial technology platform that enables us to securely verify the financial health of your business. Note: You must spend at least 30% of your credit line each month to qualify for monthly points. We suggest you request approximately 10% more than your highest monthly credit card spend. It also allows us to complete fraud and compliance checks with less documentation.ĭesired line of credit This is how much credit your business requests. PO Boxes are accepted.Įntity type We need this for entity identification purposes.įormation Date This is for underwriting purposes and helps us determine your credit limit.īusiness annual revenue We need this for underwriting purposes and it helps us determine your credit line.īusiness tax ID / EIN # This is for business verification purposes. Mailing address Include if this is different from the physical business address. Note: The Patriot Act requires that we collect and verify the primary registered physical address for both commercial and consumer accounts. Physical business address This is the physical location where your business utility bills are sent, where you pay your lease agreement, etc. Legal business name Please provide the legal registered entity name including LLC, Inc, or Corp. Scroll down or click on a section below to learn more about what information is needed to complete the Divvy Credit Application.
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