____________[name]
____________[Address]
Dear _______ [name],
Thank you for your interest in ___________ [name of company] and your request for a credit line. Unfortunately, we are unable to grant you the open credit you requested.This was decided based on the information you gave us as well as from our normal sources. However, if you can supply us with additional references and current financial statements, we will be most pleased to reconsider our decision.
In the meantime, we will welcome any orders made by a cash payment.
Sincerely yours,
_____________ [Your name]
_____________ [Title/Position/Designation]
