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Healthcare Banking Healthcare Banking

Healthcare Banking

Solutions tailored to meet the unique needs of today’s medical and dental practices.

Dedicated to Healthcare

We understand the unique demands and challenges of the healthcare industry. Woodforest relationship managers have the expertise to help you identify the ideal mix of loans, products, and services to best suit the specific needs of your practice.

Our healthcare relationship managers are dedicated to building relationships and understanding your business. Explore solutions tailored to meet the unique needs of today's medical and dental practices.

Financing Solutions(1)

Our experienced healthcare relationship managers offer financing solutions designed to help your practice grow.

  • Practice Expansion & Relocation
  • Business Lines of Credit
  • Equipment Financing
  • Leasehold Improvements
  • Owner Occupied Commercial Real Estate and Construction

Products and Services

In addition to financing solutions, Woodforest offers a suite of robust products and services for all your business needs.
Healthcare Banking Healthcare Banking

Lockbox Services

By utilizing our Woodforest lockbox solution, the labor intensive, paper based receivables process moves from your office to ours which frees up time for you and your staff to do more meaningful tasks.

  • Reduce mail and provide faster access to your receivables.
  • Eliminate labor intensive payment processing.
  • Increase security and improve audit controls - reducing the risk of internal fraud.
  • Easily access images of remittance information with detailed reporting online.

Download Lockbox Brochure PDF

Customer Testimonial

Woodforest made it very easy and seamless for me to acquire a new practice. Their commercial banking products help my business run smoothly and allow me to be prepared for future growth.

James Lutonsky, DDS

Frequently Asked Questions

Owner of the Business

State Specific:

  • Alabama – Business Occupational License issued by city or county where operating
  • Florida – Registration of Fictitious Name filed with Department of State
  • Georgia – Occupation Tax Certificate or Business License or Registration of Trade Name filed in county of operation
  • Illinois – Assumed Name Application and Certificate of Ownership obtained from County Clerk’s office
  • Indiana – Certificate of Assumed Name filed with County Recorder’s office in county where operating
  • Kentucky – Certificate of Assumed Name filed with County Clerk’s office in county where operating
  • Louisiana – Certificate of Assumed Name filed with Parrish Clerk’s office in county where operating
  • Mississippi – Privilege Tax License filed in county or city where operating
  • Maryland – Trade Name Registration filed with Maryland Department of Assessments and Taxation
  • New York – Business Certificate filed with County Clerk’s office in county where operating
  • North Carolina – Certificate of Assumed Name filed with Registrar of Deeds in county where operating
  • Ohio – Trade Name Registration filed with Secretary of State
  • Pennsylvania – Registration of Fictitious Name filed with Department of State
  • South Carolina – Business License filed in county or city where operating or Retail License filed with state
  • Texas – Certificate of Assumed Name filed with County Clerk’s office in county where operating
  • Virginia – Certificate of Assumed Name or Fictitious Name filed with Circuit Court’s office in the county or city where operating
  • West Virginia – Business Registration Certificate filed with West Virginia State Tax Department

Other:

  • Franchise Agreement
    • Only required if sole proprietorship is operating as a franchisee
  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)
    • ID must be valid (non-expired)
  • Social Security Numbers for each authorized signer

All general partners must be present and on the account.

  • Assumed Name Certificate / DBA

    • Required if partnership is doing business under a trade name

    • Also referred to as Fictitious Name Certificate or Name Registration

  • Partnership Agreement

    • Required if partnership is not clearly indicated on the Assumed Name Certificate / DBA

  • Franchise Agreement

    • Only required if partnership is operating as a franchisee

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each authorized signer

  • Taxpayer Identification Number (TIN/EIN) for the Partnership

    • Cannot be the Social Security Number of a partner

    • Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

  • Documentation on each Beneficial Owner of the General Partnership

A Beneficial Owner is an individual who:

  • Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);

  • One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.

  • Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).

No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.

A completed Beneficial Ownership Form that includes information such as:

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)

  • Certification that information provided is complete and correct

All general partners must be present and on the account. If the general partner is a legal entity, such as a corporation or LLC, the authorized representative (Director, Officer; Manager) of that entity may open the account. Legal entity general partners must be in good standing with the state.

  • Certificate of Partnership

  • Certificate of Filing

    • This certifies that the Certificate of Limited Partnership was filed with the state

  • Assumed Name Certificate / DBA

    • Only required if partnership is doing business under a trade name

    • Example: If “Smith Construction Ltd” also does business under “John’s Construction”, a DBA would be required

    • Also referred to as Fictitious Name Certificate or Name Registration

  • Franchise Agreement

    • Only required if partnership is operating as a franchisee

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each authorized signer

  • Taxpayer Identification Number (TIN/EIN) for the Partnership

    • Cannot be the Social Security Number of a partner

    • Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

  • Documentation on each Beneficial Owner of the Limited Partnership

A Beneficial Owner is an individual who:

  • Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);

  • One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.

  • Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).

No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.

A completed Beneficial Ownership Form that includes information such as:

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)

  • Certification that information provided is complete and correct

At least one individual appointed as Manager (or Managing Member) of the business within Articles/Certificate of Formation or most recent Public Information Report. If a state recognized Manager will not be signing on the account, a formal, notarized letter on company letter head authorizing the account to be established may be requested.

  • Articles of Organization (AKA Certificate of Formation or Certificate of Organization)

  • Certificate of Foreign Entity Registration and Foreign Articles of Organization (required if the LLC is opening an account in a state other than the state of original filing)

    • Assumed Name Certificate / DBA

    • Only required if corporation is doing business under a trade name

    • Example: If “Smith Construction LLC” also does business under “John’s Construction”, a DBA would be required

    • Also referred to as Fictitious Name Certificate or Name Registration

  • Franchise Agreement

    • Only required if corporation is operating as a franchisee

  • Proof that the LLC is active and/or in good standing in the applicable state

    • Typically referred to as a Certificate of Good Standing

    • In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses charted in Alabama must provide this documentation. Please contact your local branch for more information.

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each manager/member and any authorized signers

  • Taxpayer Identification Number (TIN/EIN) for the LLC

    • Cannot be the Social Security Number of a member (unless it is a single member LLC with no employees)

    • Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

  • Documentation on each Beneficial Owner of the Limited Liability Company (LLC)

A Beneficial Owner is an individual who:

  • Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);

  • One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.

  • Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).

No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.

A completed Beneficial Ownership Form that includes information such as:

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)

  • Certification that information provided is complete and correct

All general partners must be present and on the account. If the general partner is a legal entity, such as a corporation or LLP, the authorized representative (Director, Officer; Manager) of that entity may open the account. Legal entity general partners must be in good standing with the state.

  • Articles of Organization (AKA Certificate of Formation or Certificate of Organization)

  • Certificate of Filing (certifies Articles were filed with the state)

  • Certificate of Foreign Entity Registration of a Limited Partnership (required if the limited partnership is opening an account in a state other than the state of original filing)

  • Assumed Name Certificate / DBA

    • Only required if corporation is doing business under a trade name

    • Example: If “Smith Construction LLP” also does business under “John’s Construction”, a DBA would be required

    • Also referred to as Fictitious Name Certificate or Name Registration

  • Franchise Agreement

    • Only required if corporation is operating as a franchisee

  • Proof that the Partnership is active/and or in good standing in applicable state

    • Typically referred to as Certificate of Good Standing

    • In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses charted in Alabama must provide this documentation. Please contact your local branch for more information.

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each manager/member and any authorized signers

  • Taxpayer Identification Number (TIN/EIN) for the LLP

    • Cannot be the Social Security Number of a member (unless it is a single member LLP with no employees)

    • Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

  • Documentation on each Beneficial Owner of the Limited Liability Partnership (LLP)

A Beneficial Owner is an individual who:

  • Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);

  • One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.

  • Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).

No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.

A completed Beneficial Ownership Form that includes information such as:

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)

  • Certification that information provided is complete and correct

At least one individual appointed as Director or Officer of the business within Articles/Certificate of Formation or most recent Public Information Report. If a state recognized Director or Officer will not be signing on the account, a formal, notarized letter on company letter head authorizing the account to be established may be requested.

  • Certificate of Formation OR Articles of Incorporation

  • Certificate of Filing

  • Certificate of Foreign Entity Registration and Foreign Articles of Incorporation (required if the corporation is opening an account in a state other than the state of original filing)

  • Assumed Name Certificate/DBA

    • Only required if corporation is doing business under a trade name

    • Example: If “Smith Construction Inc.” also does business under “John’s Construction”, a DBA would be required

    • Also referred to as Fictitious Name Certificate or Name Registration

  • Franchise Agreement

    • Only required if corporation is operating as a franchisee

  • IRS Determination Letter

    • Only required if corporation is non-profit

  • Proof that the corporation is active and/or in good standing in the applicable state

    • Typically referred to as a Certificate of Good Standing

    • In many cases, the Bank is able to obtain this information online. If the information cannot be obtained, you must provide the document. For example, businesses incorporated in Alabama must provide this documentation. Please contact your local branch for more information.

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each authorized signer

  • Taxpayer Identification Number (TIN/EIN) for the Corporation

    • Cannot be the Social Security Number of an authorized signer/director/officer

    • Apply anytime online at www.irs.gov or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

  • Documentation on each Beneficial Owner of the Corporation

A Beneficial Owner is an individual who:

  • Each individual, if any, who owns, directly or indirectly, 25 percent or more of the equity interests of the legal entity customer (e.g., each natural person that owns 25 percent or more of the shares of a corporation);

  • One individual with significant responsibility for controlling or managing the entity, for example the senior executive officer, senior manager, etc.

  • Federal regulation requires financial institutions, such as Woodforest, to obtain, verify and record information about the Beneficial Owner(s).

No. Any representative authorized to open an account on behalf of the legal entity can provide information about the Beneficial Owners via the Beneficial Ownership Form.

A completed Beneficial Ownership Form that includes information such as:

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence, and percentage of ownership for each Beneficial Owner

  • Name, date of birth, Social Security number (U.S. Citizens), passport number and country of issuance (for Non-U.S. individuals), residential address, country of citizenship, country of residence for each controlling individual (this information is required even if no equity owner has 25% or greater ownership)

  • Certification that information provided is complete and correct

Officers or authorized party identified within the meeting minutes and notarized letter.

  • Organization’s Charter

  • Organization’s By-Laws or Operating Agreement

  • Signed Formal Letter, preferably on letterhead, and Signed Meeting Minutes stating the Organization’s intent to open an account and who will be authorized to sign

    • NOTE: This document is NOT sufficient on its own, rather it may be used in conjunction with the Organization’s Charter and By-Laws / Operating Agreement

  • Girl Scout Accounts

    • Documentation on Girl Scout Letterhead authorizing the customer as troop leader

  • Boy Scout Accounts

    • By-Laws and letter from Chartering Sponsor (i.e.: Church or School) appointing Den Leader; Meeting Minutes reflecting discussion to establish account and identifying authorized signers.

  • Acceptable ID for each authorized signer (with the exception of U.S. Military ID's, photocopies of identifying documentation will be retained)

    • ID must be valid (non-expired)

  • Social Security Numbers for each authorized signer

  • Taxpayer Identification Number (TIN/EIN) for the association

    • Cannot be the Social Security Number of an authorized signer

    • Apply anytime online at www.irs.gov/ or call 1-800-829-4933 (7:00 AM – 10:00 PM, Monday - Friday)

Healthcare Banking Healthcare Banking

Contact Us

Visit Our Contact Us Page

For more information, email us at: 
info@woodforest.com.  

Additional Commercial Benefits

Treasury Management 

Customized solutions to meet the unique needs of your business.

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Loans and Financing

Business financing options to help you look ahead, increase cash flow, buy, refinance, or expand.

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Wealth Management 

The higher level of guidance your wealth deserves!

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(1) All loan products are subject to credit approval.

(2) Applications for services subject to approval.

(3) Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC, marketed as Woodforest Wealth and are not insured by any bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Woodforest Wealth is a division of Woodforest National Bank®. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Woodforest National Bank® and Woodforest Wealth are separately owned and operated and not independently registered as broker-dealers or investment advisers. Raymond James Legal Disclosures (including Form CRS).

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Raymond James Privacy Notice

Additional insurance services are brought to you by Woodforest Financial Services, Inc. dba Woodforest Insurance Partners. Insurance products are not insured by bank insurance, the FDIC, or any other government agency, are not deposits or obligations of a bank, are not guaranteed by a bank, and are subject to risks and may go down in value, including the possible loss of principal. Woodforest Insurance Partners is not an insurance company but acts as an agent for certain insurance companies. Woodforest Insurance Partners is paid commissions and may receive other performance-based compensation for its services. The compensation received by Woodforest Insurance Partners may vary by insurance company. Products not available in all states. Woodforest Financial Services, Inc. dba Woodforest Insurance Partners, Texas State Insurance License Number 9118.

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