What is a Business Credit Application?

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If you're seeking new capital for your business you'll probably need a Business Credit Application to make it happen. Or perhaps you're thinking about lending to a business owner. It could be prudent to check their references, background, and credit history first. A Business Credit Application can help you get, and organize, all that information.

Use the Business Credit Application document if:

You're a business owner who wants to apply for credit.
You're considering lending credit to a business owner.
You regularly lend credit to businesses, but want to update your client profiles.

Nobody wants to dwell on the possibility of debt collection - especially if it's not even on the horizon. A Business Credit Application can help you prepare for the worst. What if you lend money to a small business and they don't repay the loan? Having the details already laid out can make collection easier. What if you're the one who needs credit? After all, it can be difficult for a small business to expand and thrive on personal capital alone. A Business Credit Application helps gather your information into one document so both the creditor and applicant can make an informed decision.

Other names for this document: Small Business Credit Application, Business Credit Application Form

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