What do I ask my clients references to give them a line of credit for my small business?
Jul 29, 2009
in
Business Line Of Credit
My small business wants to offer a line of credit to a larger company and we have obtained their credit references. What questions should I ask the references?
Like this post? Subscribe to my RSS feed and get loads more!
One comment
mrswho86 on July 29, 2009 at 4:33 am
I would suggest that you ask Client A’s credit references the following questions:
"How long has Client A had credit with your company?"
"What credit limit have you extended to them?"
"Do they normally pay within 30 days of billing?"
"If not, what is their average remittance time?"
Hopefully this helps.