The salesperson should have the customer complete the Credit Application Template upon determining their intent to purchase products from the company, and return it by mail or fax. The salesperson should review the application for completeness and accuracy. Missing or erroneous information may result in delays or rejection of the application. The Credit Manager will review the credit application and the results of the credit investigation to determine approval or rejection of credit for the customer, and the credit line and terms authorized if approved.
Upon determination of the credit status of the customer, the Credit Department will complete the approval/denial section of the Request for Credit Approval form and forward it and the original REV103-1 CREDIT APPLICATION back to the originating salesperson for follow-up with the customer. If the application is rejected, the Credit Department will send out a standard credit denial letter to the customer and/or work with the sales contact to arrange possible alternate financing.