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Sample Credlab Report

This is what comes back in about 48 hours.

A complete Credlab Report, as a credit manager would read it, with notes beside each section on what it tells you. The company and every figure are sample data. Nothing here is a real business.

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In this report

  1. 1Summary and recommendation
  2. 2Corporate name search
  3. 3Legal and collections
  4. 4Applicant details
  5. 5Company history
  6. 6Trade references
  7. 7On-file trade data
  8. 8Banking and Plaid verification
Credlab

Confidential Credit Profile

Thank you Northwind Building Supply for the following order.

Sample · fictional company

Ironwood Logistics Inc.

(o/a: Ironwood Freight)

6700 Millcreek Drive
Mississauga, ON
Canada L5N 8B3

P: 905-555-0133

Status
Completed
Report ID
459355
Report level
Gold
Requested
2026-09-18, 08:51 AM
Last update
2026-09-20, 08:51 AM
Credit limit requested
$100,000

Recommended credit limit

$100,000

Full amount requested is supported.

How do they pay?

Within terms

References and bank data show consistent on-time payment.

Risk level

Below average risk

Long history, clean legal file and verified cash flow.

Recommendations

We recommend approving the full $100,000 on Net 30 terms. Ironwood is a low-risk account with verified cash flow and an excellent payment record across fuel, tire and fleet suppliers.

Observations

Ironwood Logistics is a 21-year-old carrier operating 110 power units and 260 trailers from Mississauga and Cambridge. All four references responded and every one reports payment within terms, including a fleet lessor with $386,000 of high credit.

The bureau shows 54 trade lines, 95% current, with no balances beyond period 1. The two suits on file were both dismissed. Twenty PPSA registrations are fleet leases with two lessors, matching the reference from Northgate Fleet Leasing.

The applicant connected its operating account through Plaid. Six months of transactions show steady twice-weekly customer deposits averaging about $4M a month, regular lease and payroll outflows, and no NSF or overdraft activity. See the Plaid financial analysis in the Banking section.

Applicant details

Legal name
Ironwood Logistics Inc. Verified
Operating as
Ironwood Freight Verified
Address
6700 Millcreek Drive, Mississauga, ON, Canada L5N 8B3
Warehouse
1250 Industrial Road, Cambridge, ON, Canada N3H 4W3
Phone
905-555-0133 Verified
Email
[email protected] Verified
Website
https://ironwoodlogistics.example Verified

Notes

CVOR record active with a satisfactory safety rating. Both locations confirmed.

Company contacts

Priyanka Deol

Verified

Controller

[email protected]
905-555-0133

Martin Kowalczyk

Verified

President

[email protected]
905-555-0130

Janelle Price

Verified

Fleet Maintenance Manager

[email protected]
905-555-0139

Notes

Controller Priyanka Deol handles vendor setup; statements to [email protected].

Company history

Employees
140 Verified
Line of business
Truckload and LTL freight, cross-dock warehousing Verified
Years in business
21 Verified
Current owner since
2004
Federal tax ID
871203394RT0001 Verified
Business structure
Corporation Verified
Under another name
No
Purchase order required
No

Notes

Founded in 2004 by Martin Kowalczyk with five trucks. Opened the Cambridge cross-dock in 2016 and added LTL service in 2019.

Trade references

Four references: the ones on the application, each reached by a Credlab analyst by phone or through the supplier's self-service link. Every field marked Verified was confirmed with the person named.

Carlisle Tire Centres

Account CT-20931 · 519-555-0150

Doug Hennessey, Credit Manager Verified

Credit limit
$75,000
Highest credit granted
$68,900
Current owing
$22,300
Terms
Net 30
Past due (terms 1, 2, 3)
$0 · $0 · $0
Payments made
Within terms
Other inquiries
None
NSF
None
Date of last sale
This week
Account age
12 years

Comments: Excellent account, often pays early.

Beacon Fuel & Lubricants

Account BF-55102 · 905-555-0171

Anita Varga, AR Manager Verified

Credit limit
$150,000
Highest credit granted
$141,600
Current owing
$96,800
Terms
Net 15
Past due (terms 1, 2, 3)
$0 · $0 · $0
Payments made
Within terms
Other inquiries
1 in last 90 days
NSF
None
Date of last sale
Yesterday
Account age
8 years

Comments: Pays by EFT on the due date every cycle.

Northgate Fleet Leasing Inc.

Account NFL-8813 · 905-555-0118

Sheila Morin, Credit Analyst Verified

Credit limit
$400,000
Highest credit granted
$386,000
Current owing
$244,500
Terms
Installment / monthly
Past due (terms 1, 2, 3)
$0 · $0 · $0
Payments made
As agreed
Other inquiries
None
NSF
None
Date of last sale
Current month
Account age
15 years

Comments: Fourteen tractor leases, never late.

Trillium Industrial Supply

Account TIS-4410 · 519-555-0107

Paul Ng, Branch Manager Verified

Credit limit
$20,000
Highest credit granted
$14,250
Current owing
$3,180
Terms
Net 30
Past due (terms 1, 2, 3)
$0 · $0 · $0
Payments made
Within terms
Other inquiries
None
NSF
None
Date of last sale
Last month
Account age
5 years

Comments: No concerns.

On-file trade data

Reported trade summary

References on fileHigh creditTotal owingCurrentPeriod 1Period 2Period 3
90 day17$694,350$188,550$177,190$11,360$0$0
13 month48$2,073,000$537,630$506,810$30,820$0$0
All references54$2,364,250$612,620$574,510$38,110$0$0

Individual reported trades

54 trade lines reported by suppliers, newest first. Period 1 is 1 to 30 days past due; nothing is reported beyond it.

Supplier or typeReportedTermsHighest creditCurrent owingCurrentPeriod 1
General2026-09-12–$50,500$0$0$0
Packaging2026-09-05Net 30$36,150$17,470$16,430$1,040
Lakehead Electrical2026-09-02Net 30$58,250$36,090$33,220$2,870
Office equipment2026-08-27Installment/Monthly$56,150$7,110$6,610$500
Granite Equipment2026-08-25–$23,350$8,350$8,220$130
Building materials2026-08-16Varied$57,400$38,110$36,490$1,620
Trillium Industrial Supply2026-08-15–$1,750$730$660$70
Packaging2026-08-13Varied$29,300$4,970
Crestline Plumbing2026-08-11Net 30$36,250$16,880$15,900$980
General2026-08-02Net 30$36,000$22,540$21,250$1,290
Carlisle Tire Centres2026-08-01Installment/Monthly$75,100$0$0$0
Pinecrest Metals2026-08-01Net 30$31,100$0$0$0
Packaging2026-07-25Installment/Monthly$84,900$10,600$9,640$960
General2026-07-24–$9,300$970$960$10
Pinecrest Metals2026-07-21Net 30$35,850$20,050$19,040$1,010
Northshore Steel2026-07-21Net 30$12,600$4,680$4,250$430
Lakehead Electrical2026-07-02Revolving/Monthly$60,400$0$0$0
Beacon Fuel & Lubricants2026-06-30–$56,200$29,900$29,770$130
Meridian Commercial2026-06-29Net 30$22,500$7,340$7,080$260
Meridian Commercial2026-05-26–$63,750$19,280$17,960$1,320
Northshore Steel2026-05-14Net 30$44,350$15,600$14,290$1,310
General2026-05-11Net 30$22,050$0$0$0
Meridian Commercial2026-05-11–$16,600$5,910$5,500$410
Pinecrest Metals2026-05-07Net 30$81,350$23,680$21,680$2,000
General2026-05-05Net 30$39,350$19,300$17,950$1,350
Beacon Fuel & Lubricants2026-05-04Installment/Monthly$58,200$26,280$24,180$2,100
Beacon Fuel & Lubricants2026-05-02Installment/Monthly$81,850$0$0$0
Trillium Industrial Supply2026-03-24Varied$4,400$2,950$2,800$150
Beacon Fuel & Lubricants2026-03-20Net 30$85,400$22,620$21,590$1,030
Trillium Industrial Supply2026-03-19Net 30$40,700$18,850$17,970$880
Meridian Commercial2026-03-10Installment/Monthly$5,300$0$0$0
Granite Equipment2026-01-25–$87,150$0$0$0
Ridgeway Machinery2026-01-17Net 30$73,050$0$0$0
Crestline Plumbing2026-01-17Varied$48,500$17,470$15,870$1,600
Financial services2026-01-12Revolving/Monthly$10,900$1,280$1,190$90
Summit Freightways Inc.2026-01-06Varied$29,650$17,300$17,000$300
Pinecrest Metals2025-12-25–$58,750$35,170$32,700$2,470
Meridian Commercial2025-12-22Revolving/Monthly$4,150$600$550$50
Lakehead Electrical2025-12-05Revolving/Monthly$12,750$8,750$8,610$140
Pinecrest Metals2025-11-28Net 30$62,950$0$0$0
Lakehead Electrical2025-11-15Installment/Monthly$53,800$29,550$28,410$1,140
Beacon Fuel & Lubricants2025-10-14Varied$88,500$14,680$13,570$1,110
Beacon Fuel & Lubricants2025-10-12–$40,350$0$0$0
Meridian Commercial2025-10-08Net 30$31,550$0$0$0
Meridian Commercial2025-10-06Net 30$40,900$0$0$0
Beacon Fuel & Lubricants2025-09-23Net 30$70,850$16,990$16,390$600
Summit Freightways Inc.2025-09-05Revolving/Monthly$26,150$5,640$5,330$310
Granite Equipment2025-09-02Net 30$16,700$9,940$9,230$710
Northshore Steel2025-08-29Net 30$54,600$0$0$0
Northshore Steel2024-09-25Net 30$84,450$56,520$50,930$5,590
Trillium Industrial Supply2024-03-28Net 30$6,600$1,690$1,540$150
Carlisle Tire Centres2024-02-10Revolving/Monthly$24,100$1,440$1,300$140
Financial services2024-01-31Net 30$45,800$15,340$13,930$1,410
Northshore Steel2024-01-15Revolving/Monthly$75,700$0

Banking information

Bank and branch
Royal Bank of Canada, Business Banking Verified
Address
6700 Millcreek Drive, Mississauga, ON, Canada L5N 8B3
Contact
Commercial Services, 905-555-0100 Verified
Account type
Business chequing Verified
Verification status
Connected through Plaid (verified September 18, 2026)
History date range
March 2026 to August 2026
Average monthly deposits
$4,069,294.95
Average monthly withdrawals
$3,768,822.46
NSF / overdraft count
0
Total transactions
187

Plaid financial analysis

Plaid · AI-generated

Cash flow overview

Across 6 months of chequing history the business averaged $4,069,295 in monthly deposits against $3,768,822 in withdrawals. Deposits are dominated by twice-weekly EFT receipts from six recurring customers, with no single customer above roughly a quarter of inflows.

MonthDepositsWithdrawalsNet
March 2026$4,042,363$3,632,738+$409,625
April 2026$3,986,304$3,934,855+$51,449
May 2026$3,750,280$3,892,441-$142,160
June 2026$4,246,824$3,713,682+$533,142
July 2026$4,369,485$3,941,563+$427,922
August 2026$4,020,513$3,497,656+$522,857

Obligations and credit utilization

A fleet lease pre-authorized debit of $186,420 clears on the first business day of every month. The business credit card carries a balance of about $18,000 and is paid in full each month from the operating account.

Balance health

The current operating balance is $612,481. Bi-weekly payroll of roughly $430,000 is consistently covered by deposits received earlier in the same week.

Red flags

No red flags identified.

This analysis was generated by AI from Plaid data and has not been verified by a Credlab analyst.

Bank transactions

RBC Business Chequing ····4821

$612,480.55 current balance · 187 transactions

MonthDepositsWithdrawalsNet
August 2026$4,020,513$3,497,656+$522,857
July 2026$4,369,485$3,941,563+$427,922
June 2026$4,246,824$3,713,682+$533,142
May 2026$3,750,280$3,892,441-$142,160
April 2026$3,986,304$3,934,855+$51,449
March 2026$4,042,363$3,632,738+$409,625

RBC Avion Visa Business ····0917

$18,240.12 current balance · 106 transactions

MonthDepositsWithdrawalsNet
August 2026$0.00$16,131.22-$16,131.22
July 2026$0.00$11,715.63-$11,715.63
June 2026$0.00$16,131.61-$16,131.61
May 2026$0.00$14,323.35-$14,323.35
April 2026$0.00$13,802.04-$13,802.04
March 2026$0.00$13,337.64-$13,337.64

Notes

Verified through Plaid. Operating account connected by the controller on the application.

This letter is furnished solely to the addressee named above. This document may not be reproduced in whole or in part. B2B Credit Chex / Credlab is not liable for any loss or injury whatever resulting from contingencies beyond its control, nor from negligence. Please refer to the terms and conditions stated on the B2B Credit Chex Inc. signed agreement, terms of service and privacy policy.

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