Benefits of Being Listed and Rated
Listing:
Who Can Get Listed with JBT?
Why Should I Get Listed?
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Most wholesalers, manufacturers and service providers to the jewelry industry are Members of the Jewelers Board of Trade. Upon receiving orders or even requests for a catalog, JBT members will draw credit reports to review information on a business, check creditworthiness, and confirm address, ownership and operations. Members also use this data to qualify new prospects.
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Major trade shows review JBT data in their registration process to qualify businesses for show attendance.
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“Listing” with JBT lets suppliers know there is data available for them to use in their credit review process, and may help to expedite establishing a business relationship with you.
How Do I Get Listed?
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Print the Listing Form, fill it out and fax it to 1-401-467-1199.
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There is no charge to be listed
How Much Information Must I Provide?
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You are not required to submit financial information to obtain a “listing” however, it is necessary to provide certain pertinent information such as principals, method of operation, antecedents, and references. Remember, the more information you provide, the better representation we can provide to inquiring firms on your behalf.
Rating:
How Do I Get Rated?
All JBT subjects receive a descriptive rating that may include a Capital Rating or an “Other Condition Code” and a Payment Score component.
Following are basic requirements to qualify for Capital Rating consideration:
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A business must be in operation at least three (3) years
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A business must be listed with JBT for a minimum of one (1) year
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Complete disclosure of principal antecedent information, method of operation, lease and insurance information
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Three (3) fiscal financial statements (qualified by a C.P.A.)/tax returns must be submitted. (They may be held in confidence, unpublished, upon request)
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A detailed list of trade references (15 or more)
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Have had no recent bankruptcies/failures
To qualify for a payment score trade references must be from companies listed with JBT, and a sufficient number of current responses must be on file.