Credit Policy for businesses and how to extend credit and manage credit risk

Banks are toughening up on lending terms resulting in it being harder to borrow.  The economy has slowed to a crawl and banks are being tougher on credit score requirements and requirements for getting a line of credit. 

You should be doing the same with your customers, credit approved and new accounts.  Make sure your accounts are up to date and re-evaluate any credit limits on accounts that might be slower paying right now.

Things will get worse before they get better so this will help you to protect your business and your bottom line.