Would you credit it?

Almost every business requires access to credit in one form or another. Whether it is to take on a lease, acquire equipment or buy in stock, credit greases the wheels of daily trading. And optometry is no different as the likes of optical finance companies Braemar Finance and Performance Finance prove.

The very nature of credit means that suppliers and lenders use a number of systems and processes to confirm that an applicant is able to make repayments. Just as an individual will be credit checked for, say, a new mobile phone contract or a car loan, so a business and its owners will be checked against its payment history while proving the entity is what it claims to be.