Customer Credit Application Form

A form for a business customer to complete when applying for a credit account with you. It collects everything you need to check the applicant, decide a credit limit and chase payment efficiently: legal identity, ownership, trading history, finance contacts, bank details, trade references and credit requirements.

It also gets the applicant to sign up to your terms of trade, consent to credit checks, and (optionally) give a personal guarantee from a director, partner or owner. A clear data protection notice is included because credit checks involve personal data about individuals.

• Before supplying any new customer on credit
• When an existing customer asks for a significant increase in its credit limit
• When a customer’s ownership or legal structure changes (for example a sole trader incorporates)

• Add your business details, your standard terms and the credit agencies you use
• Decide whether to include Section 9 (personal guarantee) – delete it if not needed
• Make sure the data protection notice in Section 11 matches your privacy notice and names your credit reference agency
• Complete the “Office use” section when you approve the account, and keep the signed form on file