Trade Reference Form Template

Use Cases of Trade Reference Form Template

Credit Assessment

When a business is considering extending credit to another company or individual, use this form to assess the potential borrower’s creditworthiness. The form can include sections for the applicant to provide references from their trade partners, such as suppliers, clients, or other creditors, and gather data on the applicant’s financial stability. It can also include signature and agreement questions to ensure compliance with their requirements and regulations.

Vendor Selection

Businesses with multiple vendors or suppliers can use this form to evaluate potential vendors. When establishing contact with a new provider, they can fill this out in the first order of business. They can collect references from the vendor’s previous clients or partners, assess the quality of the vendor’s products or services, reliability, and payment history, and then analyze this information using advanced analytics features.

Loan Application

Financial institutions and lenders can use this form in the loan application process. Borrowers can provide references from their business associates, such as suppliers, customers, or business partners, to demonstrate their ability to meet financial obligations. Lenders can then use this information to make more informed decisions about approving or denying loan applications. Borrowers can even apply for loans using this form on the go.

Risk Mitigation

This form can be a valuable risk assessment tool for businesses looking to minimize the risk of lending money or extending credit. Companies can identify potential red flags or areas of concern by analyzing the information provided. This will help them make informed decisions about the terms and conditions of the lending arrangement, such as credit limits, interest rates, or collateral requirements.

FAQs

1. Can I customize the Trade Reference Form to match my brand?

With SurveySparrow, you can tailor the form to reflect your brand’s style, including your logo, brand colors, and custom fonts. This ensures a consistent brand experience for your respondents.

2. How secure is the information collected through the Trade Reference Form?

We prioritize data security, and we are GDPR compliant. All information submitted through your trade reference form is encrypted and stored securely, adhering to global privacy standards to protect your business and your references’ information.

3. Can I add questions specific to my industry?

Yes, you can easily add or modify questions to suit the specific needs of your industry. Whether you need detailed financial references or business ethics and practices insights, the template is fully customizable.

4. How do I share the Trade Reference Form with potential references?

We allow you to share your form via multiple channels. You can send it directly through email, share a link on social media, or embed it on your website, making it accessible for your references to complete.

5. Can references submit documents along with their form?

Yes, the form supports file uploads, enabling your references to attach documents such as letters of recommendation, financial statements, or any other relevant files directly within the form.

Benefits of Trade Reference Form Template

Super Easy to Use

First off, the Trade Reference Form Template is incredibly user-friendly and conversational. With SurveySparrow, you can set up your form in no time. The drag-and-drop interface means you don’t need to be tech-savvy to create a professional-looking form. You can add questions, change the order, or tweak the design with just a few clicks. It’s all about making the process as smooth as possible for you and your trade references.

Fully Customizable

Every business is unique, and so are its reference-checking needs. Do you want to know the good part? This template is fully customizable. We are here to assist if you need to add specific questions relevant to your industry or want to brand the form with your logo and company colors, fonts, themes, etc. This level of customization includes document upload, signatures, etc. ensures that the form perfectly aligns with what you seek in a trade reference.

Integrates with Your Workflow

Integrating the Trade Reference Form with your existing business systems is simpler. Our powerful integration capabilities and conversational UI allow you to connect responses directly to your CRM. Like Hubspot CRM, you can use either single form or classic (conversational) form. This seamless integration saves you time and helps keep all your reference information organized and accessible.

Insights and Analytics

Our analytics features turn the data collected from your trade references into actionable insights. Our skip/display logic feature helps you collect comprehensive data. Plus, with the ability to export data in PDF for further analysis, you can dive even deeper into what makes a solid trade relationship for your business.

How to use the Trade Reference Form Template

Customize

SurveySparrow lets you add your company’s logo and adjust colors to match your brand, making the form look professional and on-brand. You can also modify the questions to ensure they’re suitable for you. Do you want to ask about payment reliability or the quality of goods and services? It’s possible. Customize the form to ask exactly what you need to know.

Integrate

You can easily connect the Trade Reference Form with your existing tools. Integrating the form means the data you collect automatically goes where you need it, whether it’s your CRM system like Hubspot CRM or email marketing tools like MailChimp. This integration saves you the task of manually transferring information and helps keep everything organized and accessible.

Analyze

Once responses start rolling in, SurveySparrow’s analytics tools with an executive dashboard help you make sense of the data. You can quickly see trends and get a clear picture of a potential business partner’s reliability and reputation. This insight is invaluable for making informed decisions and building strong, beneficial trade relationships.

Share

Whether you need to email it directly to your trade partners or share a link on social media, your website, QR code, or link, SurveySparrow allows you to distribute your form and export it as a PDF or however it works best for you. Plus, with options to automate reminders, you can ensure you get the responses you need without following up manually.