I would like to apply for credit from your financial institution for an amount of $15000 for the purpose of making payment to the supplier.
My organization Raw Garments Limited specializes in supplying raw materials to various garment manufacturing companies. I buy the products to manufacture raw materials from various suppliers. The whole process of buying goods from supplier and the selling the manufactured raw materials to the clients involves a time period of three months. Thus I would return the credit amount in three months time by paying en equal installment each month. I am aware about the interest amount charged and ready to bear that.
I would request you to approve the credit amount. I am also enclosing business report of my organization with this letter.
If you enjoyed this article, please consider sharing it!