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V2v4www.abcsupply.com1. Tell us about your companyBank Information:Type of Ownership Partnership CorporationNameProprietorshipULC/LLC (attach member list)Trade/Business NameAddressPhoneBuyerAddress

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How to fill out trade reference what does

01

Gather contact information of the trade reference including their name, company, title, phone number, and email address.

02

Explain the purpose of the trade reference request and ask permission to use their information.

03

Provide details about your business relationship with the trade reference such as the duration of the relationship, types of transactions, and payment history.

04

Include any relevant documentation such as contracts, invoices, or shipping records to support the trade reference.

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Ensure the trade reference's contact information is accurate and up-to-date before submitting.

Who needs trade reference what does?

01

Potential business partners or vendors may request trade references to assess the credibility and financial stability of your company.

02

Lenders or financial institutions may require trade references as part of the credit evaluation process to determine your creditworthiness.

03

Trade associations, regulatory bodies, or government agencies may also request trade references to verify your business activities and compliance with industry regulations.

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What is trade reference?

A trade reference is a record that provides information about a business's creditworthiness and payment history with suppliers or vendors.

Who is required to file trade reference?

Businesses that engage in credit transactions with suppliers or vendors are typically required to file trade references.

How to fill out trade reference?

To fill out a trade reference, you need to accurately provide your business's name, contact information, account details, and a record of your payment history with the reference provider.

What is the purpose of trade reference?

The purpose of a trade reference is to help potential creditors assess the creditworthiness and reliability of a business based on its payment habits.

What information must be reported on trade reference?

Typically, trade references must report the company's name, address, phone number, payment history, credit limit, and any outstanding balances.

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