A Complete Corporate Refresh for Full Compliance
The corporate update process ensures every detail of your business entity is current, accurate, and consistent with state and banking requirements. This includes updating officers and directors, refreshing business addresses, correcting NAICS codes, filing amended documents, replacing outdated registered agent information, and verifying good standing status. We also align IRS responsible party records and make sure all filings reflect the corporation’s present structure and operations.
Once the legal and compliance elements are brought up to date, we prepare the entity for lender review by ensuring clean documentation, matching records across all agencies, and removing discrepancies that can trigger underwriting delays. The result is a fully compliant, lending-ready corporation positioned to meet modern banking standards and achieve higher funding success.
How It Works
01 Audit Current Corporate Records
We begin by reviewing your corporation’s existing state filings, IRS information, structure, and compliance status to identify gaps, outdated details, and required updates.
02 Update Officers, Addresses & Corporate Details
All essential information—officers, business address, responsible party, and internal records—is updated and filed to ensure accuracy across state and federal databases.
03 Correct NAICS Codes & File Compliance Documents
We correct and align NAICS classifications, amend state documents, refresh annual reports, and resolve any compliance issues that may conflict with lender underwriting standards.
04 Verify Good Standing & Prepare for Lenders
Once updates are complete, we confirm your entity is in good standing and fully aligned across all agencies, enabling a smooth, lender-ready corporate profile for funding.
Program Highlights
- Fully Aligned State & Federal Records
- Corrected NAICS Codes for Lender Compatibility
- Clean, Compliant, Good-Standing Corporations
- Lender-Ready Documentation for Faster Approvals
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1. Why is a corporate update necessary for funding?
Lenders require accurate, up-to-date corporate records to verify legitimacy and reduce risk. Outdated officers, addresses, NAICS codes, or filings can cause delays, inconsistencies, and even automatic declines during underwriting
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2. What documents are reviewed during the corporate update?
We review state filings, Articles of Incorporation/Organization, annual reports, officer information, business addresses, NAICS codes, IRS responsible party records, and overall compliance status to determine what requires updating.
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3. How long does the corporate update process take?
A credit partner must have a 750+ score on all three bureaus, U.S. citizenship, at least three revolving accounts with $5,000+ limits, low utilization, and a minimum five-year credit history. They must have no late payments, bankruptcies, liens, collections, lawsuits, or derogatory records of any kind.
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4. How long does the credit partner process take?
Most updates can be completed within a few days to a couple of weeks, depending on the state’s processing times and the number of corrections needed. Federal updates, like IRS responsible party changes, may take slightly longer.
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5. Will updating my corporation affect my EIN or business history?
No. Corporate updates correct and align information but do not change your EIN or reset your company’s formation date. Your business history and age remain intact, which is essential for underwriting and credibility.
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5. What happens once the corporate update is complete?
After all filings and corrections are finalized, we verify that the corporation is in good standing and that all records match across state and federal agencies. The entity is then fully prepared for lenders, improving approval speed and funding outcomes.
