Issue Credit Terms Without Risk
The limits you impose as the credit grantor will determine what exposure your have at any given moment with your customers
Credit Limits will help you in a number of ways:
- It lets you devote your time to other core facets of your business
- It increases sales
- It limits or eliminates risk
- It puts you in control of the amount of financial exposure you are willing to experience
There are numerous indicators we can help you analyze and consider before extending credit, in any amount. These same indicators will tell you when it is time to lower the limits you might have offered certain existing customers.
Trade References: How have they handled previous financial relationships.
Bank References: What does the financial professional that knows them the best have to say
Credit Reports: Credit Agencies offer many details of a company's credit profile but two of the most important in setting your limits or in granting or denying credit are Payment Performance and Credit Rating.