Other Risk Review Sources
Properly extending credit and setting payment terms have a critical effect on the life of any business. The following guidelines can help you gather additional information on companies (private and public) you do business with. In this way, you can gather, identify and quantify information of current and potential customers to mitigate risk.
A private company's shares do not trade on regulated stock exchanges and is therefore not required to provide the public with financial information as seen in publicly traded companies. The credit inquiry forms below may be used to obtain a credit inquiry on a business customer who has applied for credit with your company. These forms are sent to your customer's bank or to trade references who will complete and return them to you.
These forms may be used to obtain a credit inquiry on a business customer who had applied for credit with your company. They should be sent to your customer's trade references and all banks they do business with.
Shares for a public company are listed on regulated stock exchanges and are governed by securities laws and disclosure requirements.
Obtain financial statements
A wealth of information that comes from analysts and other external sources.
Review credit ratings
This data comes from agencies such as Bloomberg, Moody's, and Standard and Poors.
Ask your Hometown Bank Relationship Manager to help you review and request information to make an informed decision.