24 October 2020
Dear Sir / Madam,
Re: Requesting for Additional Credit Terms in relation to ACCOUNT
ACCOUNT_JOB_COMPANY has been a long time customer of COMPANY. We value you as our supplier and always strive to build a good and loyal relationship base on trust. In addition, it is important for us to protect our credit ratings, so we want to ensure that all our credit accounts are current and that our payments are timely and consistent. We have always been paying our invoices in full and on time.
As you will appreciate, the impact of the Coronavirus has caused significant disruptions around the world, and our business is too impacted by the global cash crunch. As a long term customer of your company seeking to further our business relationship, we are writing to ask your company to agree to the following credit terms:
(i) extension of the credit period to PERIOD days;
(ii) increase the credit limit to AMOUNT; and
(iii) waive any requirements to provide financial reports.
Thank you for considering our request. We appreciate your support in times of crisis and look forward to your reply. These new payment terms will be favourably considered in future purchases and we look forward to be doing business with you soon.
In the meantime, should you have any questions, please feel free to contact myself at ACCOUNT_PHONE_NO, or ACCOUNT_EMAIL.