Business credit is the single largest source of business financing by volume, even exceeding bank loans.

Business credit is the credit extended between businesses and the fuel that drives the engine of today’s business economy.

Business credit is extended from one business to another for the purpose of acquiring goods that will eventually be resold, items that will be used to make goods for resale or to provide services among companies.

Without business credit, America’s economic system, as we know it, would not exist.

Business credit is, in reality, the capital required to conduct business. Billions of dollars worth of goods and services are transacted daily through the business credit process.

History

Founded in 1897, NACM South Central serves Kentucky, middle Tennessee and southern Indiana and is part of the NACM network – connected to over 40 NACM offices nationwide and to the headquarters office. NACM South Central is a trade association with more than 100 years of service to the business credit community. Total NACM membership stands at over 15,000 today, making NACM one of the oldest and largest business credit organizations in the United States

Good credit management supports bottom line profit and involves assessing the risk posed to companies by granting credit to specific customers for approving credit terms and managing accounts receivable. With so many complex and critical functions to perform, businesses and their credit professionals rely on NACM to provide up-to-date business information, services, training, education and best practices to keep them on the cutting edge.