Establishing Credit. Any potential new client who wishes to establish credit, a credit application must be properly completed and submitted for review. After review and approval of said credit application, credit will be issued with net 10-day terms. Net 30-day terms will be issued upon good credit history for qualifying accounts.
Past Due Accounts. Upon credit approval, invoices are due in 30 days. Any past due invoice shall incur an 18% past due finance charge, monthly, starting at 30 days past due and continuing through the 60 and 90 days past due points. At 120 days past due, we reserve the right to turn your account over to collections.
Change Of Ownership. Any business entity, public or private, whose ownership changes hands must submit for review, a new credit application regardless if the business entity had established good credit under the previous ownership. Upon learning of any change of ownership, that account will automatically fall to a C.O.D. status.