Credit increase request letters play an important role in business strategy. Business strategies are more than models which are given in training, such wordings in the form of request letter for an increase in credit can tell the recipient that the sender is ready to take the business to higher level monetarily or is ready to open new branches or innovation projects, labs, etc. The sender of the letter should be careful in choosing the right tone and language of the letter. There should be a specific reason for writing the letter.
There should be a specific reason for writing the letter. This letter is usually from the manager of a retail store to the manager of a factory. The store manager in this letter requests for the enhancement of the credit facility from what they were given earlier. Sometimes the request requires the use of formal language along with the slight tone of familiarity and reliability that gives an impression that we are as interested in bringing the sore or business at a more profitable level.
Request Letter For Increase In Credit Writing Tips
- The letter is formal and hence should be clear, short, and easy to understand.
- The tone of the letter should be polite.
- Usually written when profit is expected.
- The letter is written to the party investing in the company. Hence it should be convincing.
Request Letter For Increase In Credit Template
Use our free Request Letter For Increase in Credit to help you get started.
To,
__________ (employee’s name)
__________ (employee’s address)
__________
__________
Date __________ (date of writing letter)
From,
_________________ (your name)
_________________ (Your address)
________________
Dear Mr. /Ms. _________ (name of the concerned person),
I thank you for being very cooperative in our business all these years. With your support we could set up our business and also run it successfully. I am writing to you to request for an increase in the credit facility up to____________ (amount). It will be very convenient for us and with the increase; we can concentrate on the company sales. It will be mutually beneficial as well.
All these years, we never looked for any other company as we are very much satisfied with the company policies and dealings. Since we are old customers to you, we are taking the liberty to ask you to enhance the credit facility. Hope you will understand our genuine concern and act accordingly.
Looking forward to hearing a positive response from you.
Yours Sincerely,
____________ (Your name)
Sample Letter
From,
David Smith,
Genera; Manager,
SQL Enterprises,
Bangalore
To,
Ramesh Saxena,
General Manager,
Star Pharmaceuticals,
Yelahanka,
Bangalore
Dear Mr.Saxena,
First of all, let me thank you for being cooperative all these years. You were very professional in your dealings. Now I am writing this letter to request you to enhance the credit facility you were earlier offering.
It will be very convenient for me if there is an increase in the credit facility. I can concentrate on increasing our company sales. It would be mutually beneficial as well.
You are aware of our payment history. We were very regular in payments and never defaulted. We value the relationship between our two companies and hope it would become stronger in the coming years.
I genuinely hope that you will understand our concern and think about increasing the credit facility. You will be doing a great favor for our business.
Looking forward to hearing a positive response from you.
Thanking you,
Yours Sincerely,
Smith
Email Format
The following is an Email-Format for Request Letter for an increase in Credit
From: name@email.com
To: name@email.com
Subject: Request for increase in the credit facility
Dear [Factory manager name],
At the outset, let me thank you for your cooperation in the past few years. I am writing this to request you to increase the credit facility you have been giving in the past few years.
With an increase in the credit facility, we would be much obliged to increase our sales. This would enable better business which would be mutually beneficial. As you know, we have never defaulted on our payments due to your company.
Thanking You,
Sincerely,
[Store manager]
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