Bacteria belonging to the genus Bacillus were isolated from soil samples of Parana´State, Brazil, with the aim of evaluating their potential biological control of soybean seed pathogens. Strain PRBS-1 was selected, showing similar effectiveness to that of the strain AP-3, used as a reference due to its known antibiotic potential. The sequencing of the ribosomal 16S rRNA gene confirmed that both strains belong to the species B. subtilis, although showing high genetic diversity in relation to this species. Both strains inhibited five soybean seed pathogenic fungi in vitro, Rhizoctonia solani, Colletotrichum truncatum, Sclerotinia sclerotiorum, Macrophomina phaseolina and Phomopsis sp. Furthermore, the metabolites of AP-3 increased production of root hairs, while the metabolites of PRBS-1 stimulated outgrowth of lateral roots in soybean. The antibiotic effect of both strains seemed to be related to compounds of the iturin group, while the root growth promotion by PRBS-1 was at least partially related to the production of indoleacetic acid. The results have shown the potential of using selected strains of B. subtilis in the biological control of seed pathogens, as well as in promoting soybean growth.