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Ty Hardison
800-397-2380 x14
800-573-5402 fax
tygh@vantagecard.com

Trade Credit Express

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Complete the Business Application, submit your customer list for prescreening to determine your buyer approval rate and determine your initial credit line with an analysis of your current accounts receivables aging report. It's that easy.

Approval Process & FAQ

Seller underwriting process

Step 1: Submit the Business Application

• A/R aging determines credit line needs
  • Only list those you intend to extend trade credit to in the future
• Customer list indicates buyer approval rate
  • Only list those you intend to extend trade credit to in the future
• No adverse effect for applying for TCE, no reporting, only inquiry
• D&B and blended Equifax personal/business credit reports are pulled

Step 2: Establish initial line of credit need

For New Businesses

• Opening, or initial accounting information
• Personal financial statement/tax returns. 
• Background information on the principal.   A personal conversation to learn more about the business owners experience in their industry.

For existing business the following information may be requested

• Year end company financial statements (2 previous years)
• Interim year to date financial statements
• Company tax returns (2 previous years)
• Principal(s) personal tax returns (2 previous years)
• Current personal financial statement of Principal(s)

Seller disqualifiers

• Progress billing (example: 20% due when complete, 50% due when complete, etc.) because hard to quantify and easily disputed ? would request change to units completed instead
• Prescreen determines seller's customer list has very low approval rates
• Personal credit issues (bankruptcy, liens, lawsuits, judgments)
• Other first position financing that couldn't be untangled

Seller set up process (typically less than 30 days)

• Intake (underwriting)
• Contract proposal
• Implementation / training

If you have any questions about outsourcing your trade credit administration and financing, please contact Ty Hardison for personal assistance!