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Franchisors Should be Aware of all the Information Available...

Sue McConnachie   |     Dec 06, 2021

The Covid-19 pandemic has made financial screening for the prospective franchisees even more vital in a time of economic stability, the search begins for franchisees for new locations and to replace failed franchises. Taking the time to thoroughly screen your prospective franchisees is more critical than ever, as the economy has suffered a significant financial blow.

The last thing you want to do is select the wrong franchisee – someone who will negatively affect your brand image, resource management, and ultimately your success.

The problem is that the world of franchising is always changing and it is becoming harder and harder to determine which franchisee applicant will have the greatest likelihood of success.

Choose Investigative and Current Credit Information – Learn ...

Sue McConnachie   |     Dec 19, 2019

Assessing your risk using investigative-style reporting will offer valuable insights that cannot be obtained through traditional historical database reports.

While both investigative and database approaches will help you and your company evaluate risk for potential business partners - including suppliers, manufacturers, customers, partners, prospective tenants, franchisees - the two methods of credit reporting differ in many ways.

Approve Your Commercial Prospective Tenant with a Comprehens...

Sue McConnachie   |     Sep 13, 2019

Commercial credit reports help you assess risk so you can make an informed decision. They also offer a number of benefits to businesses.

Commercial credit reports help you evaluate companies, including corporations, partnerships, and sole proprietorships, as well as individuals, such as officers, directors, business owners, prospective partners, and consumers, across a variety of industries.

Why Is It Important To Use In-Depth Investigative Credit Rep...

Sue McConnachie   |     Jun 10, 2019

A credit report is a collection of information that details a company’s, or individual’s, financial and credit history. It provides a risk assessment tool when you are considering commencing business opportunities with vendors, manufacturers, customers, agents, partners, prospective tenants, franchisees, etc.  

While both investigative and database approaches will help you and your company evaluate risk, the two methods of credit reporting differ in many ways. 

6 Reasons You Should Be Outsourcing Your Background Checks

Sue McConnachie   |     Feb 15, 2019

There is a lot of information to consider when deciding whether to screen potential business partners, such as commercial tenants, franchisees, or OEM operators, whether it be in-house or through a third-party screening company.

While it may seem easy enough to screen a prospective business partner, it takes a specific knowledge and expertise to ensure that you are collecting the most valuable information, while also staying compliant throughout the process. 

Checklist For Effective Due Diligence of Commercial Leases

Sue McConnachie   |     May 08, 2018

Commercial leasing is risky business but ensuring you choose the right tenant, at the outset, can dramatically decrease the risk.

3 Steps to Better Results from your Commercial Credit Report

Sue McConnachie   |     Apr 30, 2018

There are few things as important as getting a background check on potential business partners before you begin working with them, whether they are customers, suppliers, employees, franchisees, or tenants. Doing so offers several benefits, including improved risk management and increased profits.

The Importance of a Commerical Credit Application

Sue McConnachie   |     Oct 31, 2017

Gathering thorough background information prior to engaging with a business or individuals, whether it is a prospective client, supplier, tenant, franchisee, dealer/operator, or other potential business partners, can help you make better decisions.

The accumulated information will tell you whether they are a quality candidate, whether they will be able to fulfill the necessary requirements and obligations and, most importantly, whether or not you should work with them. 

To collect this information, you must first have these potential business partners fill out a credit application.

What Information to Look for in a Corporate Profile to Help ...

Sue McConnachie   |     Sep 07, 2017

Failing to effectively screen a potential business partner can have adverse effects on your company. Not only does it increase risks, it can also reduce productivity, increase lead times, negatively affect cash flow and increase costs. It could even affect your brand image.

That is why, when getting ready to work with a new business (or individual), it is important that you screen them thoroughly.

While all of the information provided in a commercial credit report is important to the decision making process, there are specific areas that require special attention, when reviewing a commercial credit report.

One area in particular is the corporate structure and profile. By ensuring you understand the content presented as part of the corporate profile, you can ensure you identify the critical information.

There are 5 main areas of the corporate profile that you will want to seriously consider.

17 Types of Information We Uncover When Screening Potential ...

Sue McConnachie   |     Aug 21, 2017

Commercial Credit Reports are a great tool for screening businesses, but they are also valuable when looking into individuals that you want to work with, such as:

    Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.

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