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Credit Application for Business Account Form Template

Streamline Your Business Credit Application Process

Getting your business approved for credit can be a daunting task, but using this template simplifies the process. Designed for small and large businesses alike, this credit application form helps you establish trust and streamline communication with suppliers. By using this template, you can ensure accurate information collection, speed up the approval process, and maintain compliance with vendor requirements, all while creating well-organized records. Easily customize it to align with your branding and meet your specific needs, and start building stronger relationships with your suppliers today.

Use this Template (FREE) Live Preview
Legal business name
Tax ID / EIN
Years in business
Billing address line 1
City
State/Province/Region
Postal/ZIP code
Country
Legal structure
Sole proprietorship
Partnership
LLC
Corporation (C-Corp/S-Corp)
Nonprofit
Government/Public sector
Other
Please Specify:
Primary contact full name
Job title/role
Primary contact email
Primary contact phone
Accounts payable email
Credit terms requested
Due on receipt
Net 15
Net 30
Net 45
Net 60
Prepay/Advance
Other/Not sure
Estimated monthly purchase volume
Under $1,000
$1,000 - $2,499
$2,500 - $9,999
$10,000 - $24,999
$25,000 - $49,999
$50,000 or more
Credit limit requested (amount)
Preferred invoice delivery
Email
Customer portal
Mail
Other
Please Specify:
Bank name
Bank phone
Permission to contact bank for credit verification
Yes
No
Trade reference 1 company name
Trade reference 1 email
Trade reference 2 company name
Trade reference 2 email
Permission to contact trade references
Yes
No
I certify that the information provided is accurate and authorize the company to obtain credit information as needed
Yes
No
Authorized representative full name
Authorized representative title
Date
I agree to pay all invoices according to the agreed credit terms
Yes
No
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Paper art illustration depicting a credit application form for business accounts with design elements and text fields

When to use this form

Use this template when you extend net 15/30/60 terms to new or existing business customers and need a clear picture of their ability to pay. It fits wholesalers, distributors, manufacturers, and service firms onboarding a company that wants to order now and pay by invoice. Typical scenarios include setting a starting credit limit, adding a location to an existing account, or reviewing limits after rapid growth. The form gathers legal entity details, ownership, banking, and trade history so your finance and sales teams can assess risk and approve faster. If you plan to pull business or principal credit, pair the application with a signed Credit report authorization form.

Must Ask Credit Application for Business Account Questions

  1. What is your legal business name, DBA (if any), and entity type?

    This confirms who is liable for the account and matches records at the secretary of state and credit bureaus. Accurate entity data prevents delays, fraud, and misapplied payments.

  2. What are your EIN (tax ID) and DUNS number?

    These identifiers let you pull the correct file and verify tax standing. They also help separate divisions or subsidiaries that share similar names.

  3. What credit limit do you request and what is your expected monthly spend?

    Stating limits and projected spend helps you set appropriate terms and reduces later limit increase requests. It also flags accounts that may require additional collateral or staged approvals.

  4. Please provide your primary bank reference and 2-3 trade references with contact details.

    Verified references show how the business pays comparable suppliers. You can request details quickly using a Credit reference request form.

  5. Do you authorize us to obtain business credit reports and, if needed, a personal guaranty for closely held companies?

    Clear consent speeds underwriting and keeps you compliant with fair credit practices. If the applicant needs funding beyond trade terms, guide them to a Business financing request form.

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