Every business will benefit with ICR's credit reports, the commercial credit atmosphere is changing rapidly and business owners should be monitoring credit on major accounts and vital vendors related to their supply chain
El Paso, TX (PRWEB) October 26, 2009
1st Commercial Credit introduces IndustryCreditReports.com (ICR), a streamlined online retrieval system that allows anyone to purchase business credit reports and "Pay As You Go". Business Credit Report
IndustryCreditReports.com covers all industries and contains close to 30 million businesses in the database while providing affordable "Pay As You Go" buying options for any business. Unlike the few major credit database providers that require expensive monthly subscriptions and very often lack information for small companies, ICR offers adequate results for searches in the medium to small business size range and extremely good results with large companies.
Factoring companies and asset based lenders alike, including banks and other financial institutions are finding that more prospects or existing clients are selling to small and medium size businesses. The problem encountered is the major credit database providers have limited data on small to mid-sized companies making it difficult to approve account debtors. ICR does not require monthly subscriptions or large quantity buys to set up an account, any business can afford to have access to the information when needed and "Pay As You Go" options are considerably appealing to users.
The decreased cost of bandwidth and technology, combined with internet access for everyone has allowed ICR to offer business credit reports for as little as $2.00 each. There are currently 4 plans offered to fit any budget or need.
According to Raul Esqueda, (President of 1st Commercial Credit, LLC): "Every business will benefit with ICR's credit reports, the commercial credit atmosphere is changing rapidly and business owners should be monitoring credit on major accounts and vital vendors related to their supply chain".
ICR enables clients to make crucial credit decisions. Can my prospect or customer pay on time? How are they paying other suppliers? What is the company's payment trend within the last six months? Can I trust that my critical vendors will stay in business? Are they paying their suppliers? Have they been acquired?
Accounts receivable is an asset that must be backed by credit worthy clients. If a business sells on credit terms to dead beat clients, receivable finance will never be an option, and the asset will diminish with time resulting in uncollected bad debt.
IndustryCreditReports.com is owned and operated by 1st Commercial Credit, LLC headquartered in El Paso, TX. A factoring company that provides accounts receivable financing in the US, Canada, and the UK; offers export trade finance to clients in every major world market and can convert receivable finance transactions in 17 currencies.