Operating Division President Sample Clauses

Operating Division President. Approval level of up to $5,000,000 or as governed by the Board of Directors delegation of authority guidelines. Determination of a Credit Limit 1. Based on the customer’s financial capacity and willingness to honor its’ financial obligations over time. 2. Accurate credit limit requires analysis of the customer financial and qualitative information. Credit Approval Process (see appendix A – Checklist for Obtaining Credit) 1. Customer fills out Credit Application form and signs. 2. Customer attaches financial statements as available (income statement, balance sheet, statement of cash flows). 3. Credit Investigator obtains information from the trade and bank references supplied on the Credit Application and records it to the customer file. 4. Credit Investigator reviews, analyzes, and records financial statements to the customer file.