CREDIT POLICY
ALL ACCOUNTS should have a completed, signed, and approved credit application on file to
Qualify for NET 15 terms. Accounts without approved signed credit applications will be on a C.O.D. or prepay basis. Prepaid orders without completed credit applications will be shipped FREIGHT COLLECT, unless a prepayment for freight has been included. Please complete the top half of the form to insure the accuracy of our record of your account.
NEW ACCOUNTS
On first orders, 50% down is required when order is placed. Balance may either be prepaid prior to shipping or order may be sent C.O. D. for the balance. A signed, approved credit application is required for NET 15 terms on all subsequent orders.
Please note: Completion of credit application does not automatically guarantee credit. Each application is reviewed and credit references are checked by mail before approval is granted. Please allow 4-6 weeks for processing.
BILLING
Invoices are sent within 48 hours after shipment of orders. Monthly statements, listing all open invoices and finance charges for late payment, are sent monthly.
Payments should be received in this office (Top Promotions, Inc. 8831 S. Greenview Dr., Middleton, WI 53562) within 15 days of invoice date to avoid finance charges. Payments are posted on the day they are received.
FINANCE CHARGES
Accounts with unpaid balances of 16 days after invoice date will be assessed a finance charge of 1.5% per month (18% per annum) on the unpaid balance. Finance charges are automatically computed and added to accounts at the end of the month, prior to the printing of the statements.
PAST DUE ACCOUNTS
A maximum of 90 days is allowed for payment before account is turned over to our Collection agency. A statement marked “FINAL NOTICE” will be placed in collections the following month if payment is not received. Accounts with balances, including unpaid finance charges, older than 45 days are automatically flagged by our computer system, preventing new orders from being placed on a past due account.
ANY PROBLEMS OR DISCREPANCIES MUST BE BROUGHT TO OUR ATTENTION WITHIN 72 HOURS (3 DAYS) OF RECEIPT OF SHIPMENT.
Effective 2/05/03. Supersedes any and all previously issued credit policies.
Account # _____________________ Fax ( )_____________________________
Trade Name _______________________________________________Phone (___)_____________________
Physical Address _________________________________City _________________State_____Zip__________
Mailing Address _____________________________________City__________________State_____Zip__________
Length of time at present address _________________________________________________________________
Previous address, if less than 2 years ______________________________________________________________
Date Established ___________ Sole Proprietorship __________ Partnership ___________Corporation _________
Legal Corporate Name __________________________________________________________________________
Date of Incorporation _______________________ State of Incorporation __________________________________
Parent Company _________________________________________________ Phone (____)___________________
Address _____________________________________ City __________________ State ________ Zip _________
ALL Owners/Officers:
Name Home Address City/State/Zip SSN Phone Title
1)___________________________________________________________________________________
2)___________________________________________________________________________________
3)___________________________________________________________________________________
Bank _____________________________________________ Branch ____________________________
Phone (____)_______________________ Fax (____)_________________________
Bank Address __________________________ City __________________ State _________ Zip_______
Account Number ___________________________ Bank Officer ________________________________
Business References (Minimum of three established over two years):
Name Address City/State/Zip Phone #/Fax # Title
1)_________________________________________________________________________________
2)__________________________________________________________________________________
3)__________________________________________________________________________________
I request an account to be issued under your usual terms and conditions upon your approval of this application, and for this purpose I agree to your conducting the customary credit investigation, and by placing my signature upon this credit application as an officer, it will serve as written authorization for release of any credit experience and banking information requested and necessary to conduct a thorough credit evaluation. As an officer, I certify that I am authorized to make this request on behalf of this company, and I agree to pay all purchases per your terms of NET 15 days. I agree to pay interest at the rate of 1.5% per month (18% per annum) or the highest rate allowed by law on any balance which is not paid within the stated terms as set forth above. Should this account fall into a default status requiring you to seek outside assistance to collect the balance owed, I agree to pay all expenses incurred through the full collection of the balance owed including collection agency fees, attorney fees and court costs, and interest as specified herein as governed by the laws of the state and local municipalities.
The following individuals are authorized to make purchases on this account on our behalf:
Name _________________________________ Title ____________________________
Name _________________________________ Title ____________________________
________ Before an order may be considered authorized, a purchase order number is required
Verbally _______ In Writing ___________
________ Verbal orders accepted without purchase order number
________ All purchases are for resale
Resale Permit/Tax Exempt Number ____________________________________ State of Permit ________
Company Name ___________________________________________________________
Officer/Owner’s Signature ___________________________________________________
Officer/Owner’s Name (Printed) ______________________________________________
Title ________________________________ Date __________________________
GUARANTEE OF ACCOUNT
STATE OF ______________________
COUNTY OF ____________________
The undersigned personally guarantees, jointly and severally, to Top Promotions, Inc. (Creditor), its successors or assigns, the payment in full of any and all indebtedness (Including, but not limited to 18% interest per annum, collection expenses, legal fees and court costs in addition to principal) of _______________________________________________
(Legal Name of Business) whether due, to become due, now existing or hereafter arising. This guarantee shall continue in full force and effect unless and until Top Promotions, Inc. its successors or assigns (Creditor) releases this guarantee by written instrument in return for other adequate security.
Guarantor’s Signature (No Title) _______________________________________________________________________
Guarantor’s Name (Printed/No Title) _______________________________________________________________________
SSN __________________________________ Date _____________________
