In the Trade References section, you have the opportunity to enter the contact information of the suppliers you have worked with. Feel free to add as many suppliers as you like! It's important to provide accurate information to help speed up your credit decision.
Trade references are an important step in the credit assessment process. They help lenders and credit providers make informed decisions, manage risk effectively, and extend credit to businesses with a strong financial track record.
Step 1: Search for your first trade reference
You will need to enter your suppliers’ company name and choose an option from the dropdown menu
For example, if you type "Sample" and your company doesn’t appear, please select 'Enter Supplier Contact Manually' from the list.
Step 2: Fill in the details
After selecting an option from the dropdown, you can either choose the company if it appears or manually add it by filling out the required details. If you need to manually enter the information, you will be prompted to provide the following:
Supplier Company Name
Credit/AR Email
Credit/AR Phone Number
Account Number (Optional)
If you know their Account Number, please enter that information into the field. While the Account Number is not required, it is recommended to enter.
After you've filled in all the details for your supplier, be sure to click the "Add Supplier" button to save the information.
Step 3: Add another trade reference
If you want to add another trade reference, proceed by entering the required details in the fields. Once you've completed this, click "Add Supplier" located at the bottom.
Step 4: Click 'Done Adding'
While we suggest adding at least three references, the final choice is entirely yours! When you've added all your trade references, click 'Done Adding' located on the right-hand side of the section.
Step 5 (Optional): Click “Add New”
Selecting "Add New" is an optional action that allows you to add another reference even after you've already clicked on "Done Adding.”
Step 6: Save and Continue
After you've added all your trade references and clicked "Done Adding," you'll see the "Save & Continue" button appear. Click on it to proceed with your application process!
Step 7: Skip Altogether (Dependent on the Supplier)
If the supplier has this enabled and you prefer not to provide any references, you have the option to skip this step altogether. However, please note that skipping this step may increase the likelihood of your application being rejected.
If you ever encounter any problems, feel free to contact Nuvo's support team at support@nuvo.com