Letter of Request for Higher Credit Limit :
National Limited191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX
Your ref : VGT / 0091
Our Ref : SAL / 6 / 1425
6 March - 19XX
XYE Bank,326 / H - Raman Nair Street,
Maalyvalley – 682 016.
Our company is embarking on an expansion exercise. For that matter purpose, we have acquired a shoplot adjoining our present premises. The shoplot is at present undergoing renovations and should be ready for use by forthcoming January. We expect at least a 40% increase in sales next year.
At present our credit limit with you is Rs. 5,000,000. But this amount will be easily exceeded when we open our new premises. As such we would like to request for a higher credit limit of Rs. 7,000,000. Is this amount acceptable to you? Please let us know of your decision soon.
(V. RAJAN PETER)
BC : gch
Letter of Request for Higher Credit Limit
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