Is it normal when a business is asking for a "net 30" account with your

[abgils]

company to ask them for references? I have a new business I'm starting which is going to require me to provide some retailers with a Net 30 account with us. I've created an online application for them to fill out and I'm wanting to ask for account references, or references of other Net 30 accounts they have so I can check their references just to see if they usually pay on time. Is this something that is typically done or does it piss retailers off?

 

[debijs]

~~Yes it is always done!~~

 

[Pastor Art (((SFECU)))]

This is typical.

More typical is to ask for their Dun & Bradstreet Number and D&B rating is.

If you don't know what a Dun & Bradstreet number is, you need to find out.

 

[Chuckie O]

Typical. And good business practice.

The only companies that will complain are the ones you don't really want to do business with.

 

[rdzgrl00]

Yes. That 30 days is like loaning them the use of your money during that time. Get references to mitigate your risk.