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503
Corporation
5019 Mulberry Street - Philadelphia, PA 19124
Phone: 215-535-3100 - Fax: 215-535-3106
CERTIFIED MINORITY BUSINESS ENTERPRISE (MBE)
YOUR SINGLE SOURCE
SUPPLIER
All customers desiring a
credit account must provide the following information, and agree to said terms
and conditions, to establish a house credit account.
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Provide bank references for
the company that the account will be established under.
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Have or qualify for a Dun and
Brad Street Rating.
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Provide three references
(current creditors)
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Maintain 30-day payment
process from invoice date.
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Use a purchase authorization
ordering system must be used.
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A per determined line of
credit will be issued to qualifying customers.
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At any time the line of
credit is exceeded, and VP of Operations, or the President of 503 must
approve any order.
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Customers who pay after 30
days will be subject to a 1.5% interest on the daily balance over thirty
days until paid.
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Customers with unpaid
balances over 60 days will be COD only. Failure to pay COD, and return goods
will be cause to be charged a delivery surcharge of $200.00 dollars per occurrence.
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All customers who exceed 90
days of unpaid balances will be turned over to a professional collection
agency on the 91st day. All customers with an over due balance in collection
will also be reported to Dun and Brad Street and will be liable for all cost
including legal actions initiated to recover owned debits to the 503
Corporation and are not limited to just these circumstances.
Acceptable methods of payment:
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Pay with American Express,
Visa, MasterCard or Discover
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Electronic transfer (wire
transfer)
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Company Check
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Certified Cashiers Check, or
Money Order
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