What is a Trade Reference?

Answer

In the business world, the term 'trade reference' refers to one business giving a good word about the credit worthiness of another company for which they have done business with.

Q&A Related to "What is a Trade Reference?"

What is a Trade Reference?

In the business world, the term "trade reference" refers to one business giving a good word about the credit worthiness of another company for which they have done business

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How Trade References Work

Trade references are a necessity as most businesses have open supplier accounts. These accounts are usually not reported to credit companies as are other open lines of credit, such

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what is a trade reference on a credit application?

A trade reference is a credit reference for a business. In essence, a trade reference is a supplier. Terms and conditions revolve around the way a supplier allows a business to purchase

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How Lenders Assess Trade References

Lenders will contact trade references and obtain the same information about these accounts as they would for any other open line of credit. This includes the length of time the account

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