Here is a sample business line of credit request letter. Because it could be construed as a legal document, it should be prepared in a professional, business-like tone and sent via certified mail. A copy should be kept by the sender.
Business Line of Credit Request Letter Sample
Sender’s Name
Sender’s Business Name
Business’s Address
City, State, Zip Code
DATE
Receiver’s Name either owner or account’s manager
Vendor’s Company Name
Vendor’s Company Address
City, State, Zip Code
Dear Name of Owner or Account’s Manager:
This letter is Name of Company’s formal request to establish a line of credit with Name of Company. Every day, our plumbing repair team travels all over the city to respond to emergency plumbing issues, perform routine maintenance, and repair water and gas concerns. Every day, a full tank of fuel is required for our fleet of ten vans.
We’ve been buying gas from you for the past seven months and have always paid on time. We’d want to open a line of credit with your company so our drivers can receive fuel when they need it without paying, as our business grows and the paperwork for making numerous daily payments becomes burdensome. We would wish to pay on a monthly basis.
I’ve enclosed a financial report that demonstrates how our firm has developed in the last three years, as well as how much we expect it to grow in the next five. I would be pleased to meet with you to discuss our situation further if you require any additional information or have a line of credit application form.
I can be reached at Phone Number or at Email Address. I hope we can set this up as soon as possible.
Sincerely,
Signature of Sender
Printed Name of Sender
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