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 invoices will be charged a 2% finance charge. Any account past due 60+ days will be suspended until brought current. Until submission, review, and approval of a credit application, all clients and (or) accounts will be on a cash on delivery (C.O.D.) status.
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.