Small Business Credit Check

get an idea of your prospective commercial activity; and determine your capacity and propensity to settle invoices on a timely basis.

Offer your clients a variety of ways to pay, but do so to make sure that business payments are made on time, rather than giving your clients an apology for delays.

Companies must evaluate the probability that a customer company will be able to make full and timely payments for its goods or service and, in turn, make sound estimates of the conditions of payments to be agreed.

Companies need to evaluate the probability that a customer company will be able to make full and timely payments for its goods or service, and make sound estimates of what conditions of payments need to be agreed. On the other hand, the poorer the opportunities, the greater the default risks. Every vendor will have a different methodology for assessing a company's creditworthiness and associated risks.

Further information and hints on credit can be found here.

Are there any ethnical discriminations in the UK small business lending markets?

A major study of UK small business finance on proof of racial discriminatory practices in the credit markets is analysed in this document. Reconometric economic data show that ethnical disparities in repudiation and interest rate can be attributed to fluctuations in non-ethnic risks such as loans being repaid and overdrafts.

Evidence indicates that there is no racial bias in the credit market. However, it seems that racial affiliation influenced whether entrepreneurs were deterred from seeking credit, even though they controlled the difference in the cost and risks of lending. Evidence indicates that some groups may be affected by misconceptions of racial diversity.