To establish an open account with CCO you will need to fill out a CREDIT APPLICATION & AGREEMENT along with any tax exemption forms that are applicable to your business. CCO will run your credit history through a service such as Experian. We insert this into a matrix that weighs your credit score along with factors such as how long your business has been in operation, the kind of business you are operating, size of your company, payment terms, etc. Based on the outcome, a credit line will be established for your business.
All new accounts are set up to pay invoices or statements with an Electronic Funds Transfer (EFT) that CCO initiates. We offer two options of EFT payments. A monthly statement will draft the EFT on the tenth of the following month. If you prefer to pay from each invoice, we will EFT your account 10 days from the date of the invoice. EFT ten day terms include a weekly invoice of cardlock purchases every Friday. Any discounts offered will be based on the EFT payment option you choose.
Both EFT plans will work with the same format. Eight days after the invoice or statement notification will be sent to your email detailing the upcoming draft. We will notify our bank to make the secured draft from your account on the tenth day from your invoice or statement date.
Below are a Credit Application, EFT forms, a letter from Silver Lake Bank explaining the secure EFT process, and any tax exempt forms you may need. We must have all of the proper forms filled out and signed before we will open up account.