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Sample Letter – Requesting Credit Limit Increase

Business works on credit basis. Most of the businessmen take and give order on credit limit which means that the dealer is given some time by the organization to make the payment. This will also help the dealer to plan his financial transaction as per the credit limit given. Request letter for credit limit increase is written by the dealer to the manufacturer to extend the credit limit so that he can do more business with the manufacturer on long term basis.

  • Firstly it is essential to express your gratitude towards your manufacturer for doing business transactions with you.
  • Tone of the letter should be formal
  • Letter should be brief and concise
  • The wordings of the letter should be polite enough to express your generosity
  • Once you are through writing the letter, please recheck the same for amendments, if needed.

Sample Letter – Requesting Credit Limit Increase Template

Use our free Sample Letter – Requesting Credit Limit Increase to help you get started. Simply download the .doc or pdf file and customize it. If you need additional help or more examples check out some of the sample letters below.

 

To,

_____________
_____________

Date (Date on which letter is written)

From,

______________
______________

Sub:______________________________________________________

Dear ____________,

I would sincerely like to express my gratitude towards you for believing in us and continuing business with us. Our company has shown a considerable growth after joining hands with you. Your credit limit policy is very helpful to us in making our financial transactions smoother.

I would be really grateful to you if you could increase the credit limit from  _______  to _________ days. This way we will be able to do the business more smoothly which will prove beneficial to both the organizations.

I hope to get a favorable response from you.

Thanking you,

Yours sincerely’

 

(________________________)

 

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Sample Letter – Requesting Credit Limit Increase Sample, Email and Example/Format

Sample

To,

Mr. Marc William
General Manager
Fashion Plaza
Atlanta

Date (Date on which letter is written)

From,

Robin Thomson
Manager
Fashion boutique
Atlanta

Sub: Requesting for increase in credit limit

Dear Mr. William,

Firstly I would like to express my gratitude towards you for having trust in us and doing business with us. It was a pleasure for us to have business partners like you. Your credit limit facility has greatly helped us in making our financial transactions more smoother.

Our boutique sale has shown a considerable increase because of the exclusive designs manufactured by your company. I would be very grateful to you if you could increase our credit limit from 30 days to 50 days. This will help us in improving our business relations and will also be beneficial to both the companies.

I hope to get a favorable response from you.

Thanking you,

 

Yours sincerely’

 

Robin Thomson

 

Email Format

In business, the manufacturer gives credit to their dealers for a certain period. For example, the manufacturer may give 30 days credit to the dealer to make payment for materials delivered to him. This means that the dealer do not have to pay any money for 30 days from the date of receipt of material. This gives the dealer a chance to sell off the material in these days and then pay the manufacturer on the 31st day. This letter is from a dealer to the manufacturer asking for increase in credit as the volume of materials sold by him has increased. This will give him time to recoup some of the money before he makes payment.

Dear Mr. Jackson

First of all I would like to take this opportunity to extend my heartfelt thanks to Fashionline Factory for extending credit facility to our store, Hi Fashion Store for the past four years which has helped us a lot.

I am happy to inform you that the sale of your product from our store has picked up thus increasing the turnover of your product. At this juncture we would be obliged if you can increase our credit facility. This will give us the opportunity to do more business which will benefit both our company.

If you go through your records you will find that we have been a regular pay-master and never defaulted on payments to your company. As such, we are sure you will grant us the credit facility as prayed for.

Awaiting your favorable response

Sincerely,

 

Peter Sellers

 

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