When you compose a credit application for your customers, you want to make sure that application includes certain basic information about your customer. Be sure to get the following information from your customer in every credit application:
Full legal name and physical address
Any trade names or assumed names used
Legal entity of applicant (partnership, corporation, LLC, and so on) filed in which state
The year the business was formed
Home address and Social Security numbers of sole proprietors, general partners, or personal guarantors
Amount of credit requested
Copies of current financial and operating statements
Names of authorized purchasers or contacts
Agreement to pay interest and reasonable collection fees on any delinquent balances
At least one bank reference
Trade references
If your customer won’t share this basic information in a credit application, think twice about extending credit.
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Source:http://www.dummies.com/how-to/content/essential-information-to-gather-in-your-customer-c.html
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