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  • Letter To The Bank

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    Bryan
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    John Best Ltd. has won a new contract that will require them to buy new equipment and hire new staff. This represents a bright future for the company but will require more flexibility in their cash accounts. As a result, the company is requesting to increase their overdraft facility from £35,000 to £50,000 to support the new contract. The managing director of John Best Ltd. wrote to the bank manager at Continental Bank Ltd. to formally request the increased overdraft limit.

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    John Best Ltd. has won a new contract that will require them to buy new equipment and hire new staff. This represents a bright future for the company but will require more flexibility in their cash accounts. As a result, the company is requesting to increase their overdraft facility from £35,000 to £50,000 to support the new contract. The managing director of John Best Ltd. wrote to the bank manager at Continental Bank Ltd. to formally request the increased overdraft limit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    Letter To The Bank

    Uploaded by

    Bryan
    John Best Ltd. has won a new contract that will require them to buy new equipment and hire new staff. This represents a bright future for the company but will require more flexibility in their cash accounts. As a result, the company is requesting to increase their overdraft facility from £35,000 to £50,000 to support the new contract. The managing director of John Best Ltd. wrote to the bank manager at Continental Bank Ltd. to formally request the increased overdraft limit.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    HSAUCHDSBVJKSDVB

    John Best Ltd.


    123 Bolognesi Av. , Apt 999
    Tacna, Perú
    Ph: 001-052-18
    Date: 14th August, 2017

    Graham Collins
    Bank Manager
    Continental Bank Ltd.
    123 Park Avenue
    Lima, Perú

    Re: Requirement of increasing the overdraft facility.

    Dear Mr. Graham Collins:

    I am writing to let you know that the company John Best Ltd. have won a new contract
    of business, requiring us to buy new equipments and hire new staff – all of which
    promises a bright future for the company. However, this new agreement requires more
    flexibility in our cash accounts, and, therefore the company request an increase in the
    overdraft facility from £ 35 000 to £ 50 000.

    Please contact me if you require any additional information to process the request. I
    look forward to your early response.

    Cordially,

    BHCSABCD
    Managing Director
    John Best Ltd.

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