Customer Owners or Principals:

Second Customer Owner or Principal:

Customer Bank

Trade References

(Must Show Two References)

First Trade Reference:

Second Trade Reference:

Line of Credit

The Customer that the terms on which [Creditor] grants credit or are follows:

1. The information supplied above is correct, to the best knowledge of the Authorized Signatory.
2. A service charge of  1.5% per month ( 18% per annum) will apply on the amount of any overdue account from the date such account becomes overdue. Accounts unpaid after the last day of the  month following the statement date shall be considered overdue. The Customer agrees to pay all service charged on all overdue accounts.
3. Should [Creditor] use the services of a lawer or collection service to collect monies overdue or to otherwise enforce the terms of the application. The Customer agrees to pay [Creditor] for such legal or other services on a solicitor and his own client or actual cost basis.
4. [Creditor] is authorized to obtain information necessary to process this application, including cause to conduct personal investigation.
5. PURCHASE ORDERS OR [Creditor] COMPANY CHARGE CARD MUST ACCOMPANY ALL ORDERS.
6. All dispute or invoice problems must be reported within thirty (30) days of receipt of goods.
7. We understand that if [Creditor] should grant the Customer credit, it will be partly based on the reputation of the principals of the Customer. Therefore, if there is any change in the Owners, partners, Principals, Directors or Shareholders of the Customer, we agree to advise [Creditor] of these changes.
8. Should credit be granted, the Customer agrees that credit information on the Customer's account with [Creditor] may be released to others by [Creditor].