The company will extend credit to customers if they meet its threshold criteria for the granting of credit. The basic form of credit is a maximum credit of $10,000. The maximum credit can be expanded with the approval of the credit manager. In situations where a customer's ability to repay is in question, a personal, corporate, or bank guarantee may be required. All terms are net 30 days. If a longer payment term is requested, it must be agreed to in writing by the credit manager.

The credit department will review the credit applications of all new customers to determine their worthiness to receive credit, and the amount of that credit. The credit level may be reduced if a customer has a low credit score on the credit report, if it has been formed within the past two years, or if its current ratio is less than 1:1.

The credit department will periodically review the repayment history of existing customers to determine whether their existing credit levels are reasonable, or need to be revised. This review shall also be conducted whenever business conditions warrant a general retraction or expansion of credit levels.

The terms of sale offered to customers are standardized under existing sales programs and promotions. The credit department will adjust standard terms of sale to maximize sales outcomes, though such changes require the approval of the credit manager. The basic underlying sales terms offered to customers is net 30 days.

I affirm and certify that all the information and answers to questions herein are complete, true and correct to the best of my knowledge and belief. I understand that any misrepresentation, falsification, or omission of any facts called for in the application may render this application void and will be cause for termination, whenever discovered.

The credit manager is authorized to extend credit to customers, and to communicate with them regarding their credit status. The credit staff is tasked with instructing customers regarding their payment responsibilities.