As your business grows, Lake Trust Credit Union can help open the door to increased working capital with a Visa ® Platinum Business Credit Card. Accepted at millions of locations worldwide, it gives you greater purchasing flexibility, control, and documentation: 4 Streamline money management and simplify tax time. 4 Keep business purchases separate from personal spending. 4 Track online your balances, payment dates, and credit limits. Also make payments and review purchase records that are updated daily. 4 Your company name and the cardholder’s name are on each card. 4 You decide which employees receive a card and set their spending limit. Visa ® Platinum 888.267.7200 laketrust.org Business Credit Card In addition to Business Credit Cards, Lake Trust can provide your business with virtually every financial service it requires including checking accounts and commercial lending. We’ll work with you to determine your business’ specific financial needs. For more information on our Business Services, visit laketrust.org/business, call 888.267.7200, or visit your local branch.
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As your business grows, Lake Trust Credit Union can help open the door to increased working capital with a Visa® Platinum Business Credit Card. Accepted at millions of locations worldwide, it gives you greater purchasing flexibility, control, and documentation:
4 Streamline money management and simplify tax time.
4 Keep business purchases separate from personal spending.
4 Track online your balances, payment dates, and credit limits. Also make payments and review purchase records that are updated daily.
4 Your company name and the cardholder’s name are on each card.
4 You decide which employees receive a card and set their spending limit.
Visa® Platinum
888.267.7200 laketrust.org
Business Credit CardIn addition to Business Credit Cards, Lake Trust can provide your business with virtually every financial service it requires including checking accounts and commercial lending. We’ll work with you to determine your business’ specific financial needs.
For more information on our Business Services, visitlaketrust.org/business, call 888.267.7200, or visit your local branch.
c Sole Proprietorship
4 Personal Financial Statement
4 Personal Tax Returns
4 Profit and Loss Statement, also called Income Statement
4 Balance Sheet
c Club/Organization (Unincorporated associations, i.e. Athletic or Band Boosters)
4 Organization Tax Returns
4 Profit & Loss Statement, also called Income Statement
4 Balance Sheet
Documents List
Depending upon the classification of your company or organization, you’ll need two years of the following documentations when applying for a Business Credit Card.3
c Co-Partnership (General) and Limited Liability Partnerships (LLP) 4 Personal Financial Statement of all
partners
4 Personal Tax Returns on all partners
4 Business Tax Returns
4 Profit & Loss Statement, also called Income Statement
4 Balance Sheet
c Church 4 Profit & Loss Statement, also
called Income Statement
4 Balance Sheet
Business Credit Card FeaturesAnnual Fee $50
Minimum Credit Limit $5,000
Interest Rate Variable1
Minimum Payment 2% of balance owed or minimum of $15
Grace Period 25-day
Returned Payment $35
Late Payment $35
Balance Transfer No Charge
Cash Advance No Charge(any ATM or financial institution
that displays the Visa logo)
Rewards Program Earns points toward travel, merchandise, and gift certificates. For every $1.00 purchased, you get one point..2 Get bonus points and special offers at CURewardsMall.com.
Other features Travel Accident and Baggage Delay Insurance, Auto Rental Collision Damage Waiver Program, Purchase Security and Extended Protection Program, Travel and Emergency Assistance
Individual Pay OptionIndividual statement for each cardholder in the company. Individual payments are required.
Consolidated Pay OptionSummary statement for all company activity. Detailed transaction information for each cardholder in the company. Option to send an itemized statement to each cardholder. Individual payments are not required.
1The annual percentage rate is subject to change quarterly to reflect any change in the index and will be determined by the Prime Rate.
2Qualified purchases do not include balance transfers, cash advances, convenience checks, or returns.
c Limited Liability Company (LLC) 4 Personal Financial Statements of
Business owners
4 Personal Tax Returns on all Business Owners
4 Balance Sheet
4 Business Tax Returns; or Profit & Loss Statement, also called Income Statement
c Corporations (Profit & Non Profit, S Corp, C Corp) – Domestic Only 4 Personal Financial Statements of
Business owners
4 Personal Tax Returns on all Business Owners
4 Balance Sheet
4 Business Tax Returns; or Profit & Loss Statement, also called Income Statement
3Lake Trust Business Account required with a Business Credit Card. Additional information will be needed from companies or organization in business less than two years. Others may also need to provide additional information.
Billing Options
COMPANY INFORMATION
COMPANY LEGAL NAME PHONE FAX E-MAIL ADDRESS
STREET ADDRESS CITY STATE ZIP
BILLING ADDRESS (IF DIFFERENT) CITY STATE ZIP
FEDERAL TAX ID# (REQUIRED) GROSS ANNUAL SALES/REVENUE (REQUIRED) DESCRIPTION OF BUSINESS - SIC (REQUIRED) YEARS IN BUSINESS YEARS AS OWNER NON-PROFIT?
$ c YES c NO
BUSINESS STRUCTURE c SOLE PROPRIETORSHIP c S CORP. c C CORP. c PARTNERSHIP c LIMITED LIABILITY CO. c UNINCORPORATED ASSOCIATION
BUSINESS NAME ON CARD(S) (MAXIMUM 21 SPACES)
CHECKING ACCOUNT BALANCE FINANCIAL INSTITUTION WHERE ACCOUNT IS HELD SAVINGS ACCOUNT BALANCE FINANCIAL INSTITUTION WHERE ACCOUNT IS HELD
$ $
MONTHLY BILLING INDIVIDUAL AUTHORIZED TO MAKE ACCOUNT CHANGES TITLE PHONE
c INDIVIDUAL c CONSOLIDATED
EMPLOYEE CARDHOLDERS (Use Additional Sheets If Needed)
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
EMPLOYEE NAME TITLE BUSINESS PHONE CREDIT LINE $
RESOLUTION/AUTHORIZATION
FOR CORPORATIONS AND UNINCORPORATED ASSOCIATIONS: I hereby certify that I am the of the Company and that the
following is a copy of a resolution adopted by the governing body at a meeting duly called and held at which a quorum was present and acting throughout or by other means authorized by law.
RESOLVED, that any one (1) officer of this entity is authorized and directed to sign and submit a Business Credit Card Application (Application) to Lake Trust Credit Union (Credit Union) and any other
documents required by the Credit Union in connection with the Application, and to agree to be bound by the applicable Agreement (as defined therein), which Agreement contains the terms and
conditions regarding the issuance of credit cards to employees, officers, directors, and associates of this entity and that any other writings executed in connection with the Application or the Agreement
are hereby ratified, confirmed, and approved.
DATED THIS DAY OF ,
SECRETARY/ASSISTANT SECRETARY ATTEST
FOR PARTNERSHIPS AND LIMITED LIABILITY COMPANIES: All partners/members/managers of the Company, a partnership/limited liability company, hereby authorize and direct any one (1) partner
member/manager to sign and submit an Application to the Credit Union and any other documents required by the Credit Union in connection with the Application, and to agree to be bound by the
applicable Agreement (as defined therein), which Agreement contains the terms and conditions regarding the issuance of credit cards to partners/members/managers, employees, and associates of this
entity and that any other writings executed in connection with the Application or the agreement are hereby ratified, confirmed, and approved.
DATED THIS DAY OF ,
PARTNER/MEMBER/MANAGER PARTNER/MEMBER/MANAGER
PARTNER/MEMBER/MANAGER PARTNER/MEMBER/MANAGER
COMPANY AND GUARANTOR SIGNATURES (Sign Both Places Below)
We/I certify that we/I have read and agree with the terms and conditions on the reverse side.
c APPROVED c DENIED c COUNTER OFFER (SPECIFY) VISA LINE OF CREDIT LIMIT
LOAN OFFICER SIGNATURE DATE REASONS FOR DENIAL/COUNTER OFFER
312 (05/13) Complete, fold, tape and return to Lake Trust Credit Union
VISA PLATINUM BUSINESS APPLICATION
PROVISIONS APPLICABLE TO COMPANY AND GUARANTORS
The Company and individuals’ names on the front (collectively, “Obligors”) represent that all information in this application is accurate and complete, each
is competent to enter into contracts, and no bankruptcy proceedings involving any of the Obligors are in process or anticipated. The Credit Union is not
obligated to grant the Obligors credits, or may offer a lower amount, and the Credit Union may retain this application whether or not credit is granted. The
Obligors authorize the Credit Union to obtain information from others concerning the Obligors’ respective credit standings and other relevant information
impacting this application and, if credit is granted, from time to time throughout the term of the indebtedness, including obtaining the Obligors’ personal
credit reports and file copies of financial statements from any accountant or accounting firm. In addition to the information requested on this application,
the Credit Union may subsequently request additional information from the Obligors. All appropriate corporate or other similar actions needed to authorize
the indebtedness incurred hereunder have been accomplished. If the Company is a proprietorship, owner certifies that the Company name is a trade name
used in the conduct of an unincorporated business owned entirely by the owner. The Obligor shall be jointly and severally liable for charges incurred on
any credit card account issued to the Company whether issued to the Company individually or jointly with any other applicant and agree to be bound by
all terms, provisions, and conditions contained in the Credit Union’s Visa Platinum Business Credit Card Agreement, as amended from time to time. The
Agreement will contain, among other things, the interest rate and repayment terms. The Obligors further agree that any facsimile transmission may be
treated as an original and such facsimile or any reproduction hereof shall be admissible into evidence as the original itself in any judicial or administrative
proceeding, whether or not the original is still in existence. The Obligors certify that they do not live in, and this application is not being executed in,
California, Maine, Rhode Island or Vermont. Except as otherwise prohibited by law the Obligors agree and consent that the Credit Union may provide to
others information about the Credit Union’s transactions and experiences with the Obligors. Also, the Credit Union and its affiliates may share with each
other all information about the Obligors that the Credit Union has or may obtain for the purposes, among other things, of evaluating credit applications or
offering the Obligors products or services that the Credit Union believes may be of interest to the Obligors. Under the Fair Credit Reporting Act there is
certain credit information that cannot be shared about any individual Obligor named on the front if the individual tells the Credit Union by writing to Lake
Trust Credit Union, 501 S. Capitol Ave., Lansing, MI 48933, including name, address, account number and Social Security number.
If you sign this application in Ohio: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy
customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission
administers compliance with this law.
If you sign this application in New York: A consumer report may be requested in connection with this application. Upon your request, you will be informed
whether or not a consumer report was requested, and if such report was requested, informed of the name and address of the consumer reporting agency
that furnished the report. Subsequent consumer reports may be requested or utilized in connection with an update, renewal or extension of the credit for
which application was made.
If you sign this application in Wisconsin: For married Wisconsin residents, your signature confirms that this loan obligation is being incurred in the interest
of your marriage or family. No provision of a marital property agreement, a unilateral statement under Section 766.59 of the Wisconsin Statutes or a court
decree under Section 766.70 of the Wisconsin Statutes adversely affects the interests of the creditor unless the creditor, prior to the time the credit is
granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is
incurred. If the loan for which you are applying is granted, your spouse will also receive notification that credit has been extended to you.
